Stable Art Limited


Directors	David James Cowen
	Sarah Clarissa Cowen


Company Secretary	WOOD, Jonathan Ian


Registered Address	The Chapel
	Fletchers Bridge
	Bodmin
	PL30 4AN


Registered Number	08069201 (England and Wales)

Balance Sheet as at
31 May 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		486,722		484,360
			486,722		484,360
Current assets
Stocks	5	141,521		130,425
Debtors		27,573		31,116
Cash at bank and on hand		9,194		14,224
		178,288		175,765
Creditors amounts falling due within one year	6	(581,210)		(592,164)
Net current assets (liabilities)			(402,922)		(416,399)
Total assets less current liabilities			83,800		67,961
Creditors amounts falling due after one year	7		(396)		(396)
Net assets			83,404		67,565
Capital and reserves
Called up share capital			100		100
Profit and loss account			83,304		67,465
Shareholders' funds			83,404		67,565

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2025, and are signed on its behalf by:

David James Cowen
Director
Registered Company No. 08069201

Stable Art Limited

Notes to the Financial Statements
for the year ended 31 May 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	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.

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.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	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.

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 on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	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.

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.

	Intangible assets
	Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		16

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 June 24	20,000	20,000
At 31 May 25	20,000	20,000
Amortisation and impairment
At 01 June 24	20,000	20,000
At 31 May 25	20,000	20,000
Net book value
At 31 May 25	-	-
At 31 May 24	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 June 24	471,794	70,661	13,797	6,658	562,910
Additions	2,439	-	-	6,428	8,867
At 31 May 25	474,233	70,661	13,797	13,086	571,777
Depreciation and impairment
At 01 June 24	-	65,710	8,146	4,694	78,550
Charge for year	-	3,696	1,131	1,678	6,505
At 31 May 25	-	69,406	9,277	6,372	85,055
Net book value
At 31 May 25	474,233	1,255	4,520	6,714	486,722
At 31 May 24	471,794	4,951	5,651	1,964	484,360

5.	Stocks

	2025	2024
	£	£
Other stocks	141,521	130,425
Total	141,521	130,425

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	36,611	43,131
Bank borrowings and overdrafts	293,124	312,314
Taxation and social security	24,103	22,012
Other creditors	221,045	210,191
Accrued liabilities and deferred income	6,327	4,516
Total	581,210	592,164

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	396	396
Total	396	396

8.	Directors advances, credits and guarantees
	At the balance sheet date, the company owed the directors £221,045 (2024: £210,191). This amount is included within "other creditors". The directors received the following from the company during the year: £15,000 rent for premises owned by the directors but used by the company.