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Registered Number: 11878098
England and Wales

 

 

 

STABLEPOINT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
 
 
Notes
 
31/12/2023
£
  31/12/2022
£
Fixed assets      
Intangible fixed assets 3 2,029,316    249,525 
Tangible fixed assets 4 30,908    3,951 
2,060,224    253,476 
Current assets      
Debtors 781,556    615,540 
Cash at bank and in hand 320,019    27,796 
1,101,575    643,336 
Creditors: amount falling due within one year (1,361,964)   (616,025)
Net current assets (260,389)   27,311 
 
Total assets less current liabilities 1,799,835    280,787 
Creditors: amount falling due after more than one year (1,797,895)   (156,415)
Provisions for liabilities (7,727)  
Net assets (5,787)   124,372 
 

Capital and reserves
     
Called up share capital 5 1,680,100    1,680,100 
Profit and loss account (1,685,887)   (1,555,728)
Shareholders' funds (5,787)   124,372 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 December 2024 and were signed on its behalf by:


-------------------------------
Sebastian De Lemos
Director
1
General Information
STABLEPOINT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11878098, registration address Purlieus Barn, Ewen, Cirencester, England, GL7 6BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Change in accounting policy
The company has revised its accounting policy regarding goodwill and intangible assets. Any changes to the policy have been incorporated as prior year adjustments.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
No amortisation has been applied to intangible assets as the company has adopted IAS 36 for the treatment of intangible assets, under which these assets are no longer amortised but are instead subject to an annual impairment review.

Although this policy does not align with FRS 102, it has been implemented to ensure consistency with the accounting practices of the parent company.
Goodwill
No amortization is applied to goodwill; instead, it is reviewed for impairment annually.
This year, the Company revised its accounting policy for goodwill and intangible assets, with any resulting changes accounted for as prior year adjustments in the financial statements.
While this policy does not comply with FRS 102, the Company has implemented it to align its accounting policy with those of its parent company, which follow IFRS.
Tangible fixed assets
Tangible fixed assets, excluding freehold land, are recorded at cost or valuation, reduced by depreciation and any impairment provisions. Fixed assets with a cost below €2,000 are fully expensed in the Profit and Loss account during the year of purchase. For Assets exceeding €2,000 depreciation is applied at rates designed to allocate the cost or valuation of the assets, less their estimated residual value, over their expected useful lives using the following basis:
Plant and Machinery 25% Reducing Balance
Computer Equipment 30% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Intangible fixed assets

Cost Goodwill   Other Intangible   Gain On Bargain Purchase   Total
  £   £   £   £
At 01 January 2023 320,354    273,481    (149,521)   444,314 
Additions 6,968    1,428,513      1,435,481 
Disposals     149,521    149,521 
At 31 December 2023 327,322    1,701,994      2,029,316 
Amortisation
At 01 January 2023 176,195    41,022    (22,428)   194,789 
Charge for year (176,195)   (41,022)     (217,217)
On disposals     22,428    22,428 
At 31 December 2023      
Net book values
At 31 December 2023 327,322    1,701,994      2,029,316 
At 31 December 2022 144,159    232,459    (127,093)   249,525 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2023   7,917    7,917 
Additions 41,211      41,211 
Disposals    
At 31 December 2023 41,211    7,917    49,128 
Depreciation
At 01 January 2023   3,966    3,966 
Charge for year 10,303    3,951    14,254 
On disposals    
At 31 December 2023 10,303    7,917    18,220 
Net book values
Closing balance as at 31 December 2023 30,908      30,908 
Opening balance as at 01 January 2023   3,951    3,951 


5.

Share Capital

Authorised
126,007,500 Class A shares of £0.01 each
42,002,500 Class B shares of £0.01 each
Allotted, called up and fully paid
31/12/2023
£
  31/12/2022
£
126,007,500 Class A shares of £0.01 each 1,260,075    1,260,075 
42,002,500 Class B shares of £0.01 each 420,025    420,025 
1,680,100    1,680,100 

2