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STABLES CARDINHAM LIMITED

Registered Number
11025030
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

STABLES CARDINHAM LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

L M E Sharpe
S Sharpe

Registered Address

79 Higher Bore Street
Bodmin
PL31 1JT

Registered Number

11025030 (England and Wales)
STABLES CARDINHAM LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3125,111133,641
125,111133,641
Current assets
Debtors42,4182,166
Cash at bank and on hand4,2018,886
6,61911,052
Creditors amounts falling due within one year5(56,497)(43,114)
Net current assets (liabilities)(49,878)(32,062)
Total assets less current liabilities75,233101,579
Creditors amounts falling due after one year6(26,524)(34,211)
Net assets48,70967,368
Capital and reserves
Called up share capital100100
Profit and loss account48,60967,268
Shareholders' funds48,70967,368
The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2025, and are signed on its behalf by:
L M E Sharpe
Director
Registered Company No. 11025030
STABLES CARDINHAM LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 November 2385,4766,55560,8725,2072,690160,800
At 31 October 2485,4766,55560,8725,2072,690160,800
Depreciation and impairment
At 01 November 23-3,22118,2623,9861,69027,159
Charge for year-1,6396,0873045008,530
At 31 October 24-4,86024,3494,2902,19035,689
Net book value
At 31 October 2485,4761,69536,523917500125,111
At 31 October 2385,4763,33442,6101,2211,000133,641
4.Debtors: amounts due within one year

2024

2023

££
Other debtors1,7031,727
Prepayments and accrued income715439
Total2,4182,166
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,20156
Bank borrowings and overdrafts6,8005,000
Other creditors43,41833,777
Accrued liabilities and deferred income1,0784,281
Total56,49743,114
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts26,52434,211
Total26,52434,211