REGISTERED NUMBER: 07323954 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Stables Foods Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W J Winterburn

Mr J Alder

Mrs A Winterburn

REGISTERED OFFICE:

Unit 11 Caddsdown Business Centre

Caddsdown Industrial Estate

Bideford

Devon

EX39 3DX

REGISTERED NUMBER:

07323954 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Tangible assets

5

55,300

63,827

CURRENT ASSETS

Stocks

55,245

50,685

Debtors

55,829

60,885

Cash at bank and in hand

1,621

1,975

112,695

113,545

CREDITORS

Amounts falling due within one year

160,454

132,059

NET CURRENT LIABILITIES

(47,759

)

(18,514

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,541

45,313

CREDITORS

Amounts falling due after more than one year

6

71,016

75,636

NET LIABILITIES

(63,475

)

(30,323

)

CAPITAL AND RESERVES

Called up share capital

9

4

4

Revaluation reserve

10

2,940

3,884

Retained earnings

(66,419

)

(34,211

)

SHAREHOLDERS' FUNDS

(63,475

)

(30,323

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mrs A Winterburn - Director

Mr J Alder - Director

1.	STATUTORY INFORMATION

Stables Foods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% straight line

Plant and machinery

-

10% straight line

Fixtures and fittings

-

25% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement 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.

Going concern

The company has retained losses of £66,419 (2024 - £34,211). It also has net current liabilities of £47,759 (2024 - £18,514 ) and net liabilities of £63,475 (2024 - £30,323). The company cannot continue to make losses of this significance while still meeting its obligations as they fall due.

The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 September 2024

128,579

Additions

3,921

Disposals

(500

)

At 31 August 2025

132,000

DEPRECIATION

At 1 September 2024

64,752

Charge for year

12,048

Eliminated on disposal

(100

)

At 31 August 2025

76,700

NET BOOK VALUE

At 31 August 2025

55,300

At 31 August 2024

63,827

Cost or valuation at 31 August 2025 is represented by:

Totals

£

Valuation in 2019

6,083

Valuation in 2022

250

Cost

125,667

132,000

If tangible assets had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

125,667

121,920

Aggregate depreciation

73,307

61,977

The plant and machinery was valued on an open market basis at the balance sheet date.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans due after 5 years

2,091

5,065

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

1,487

4,284

Between one and five years

-

1,487

1,487

5,771

Non-cancellable

operating leases

2025

2024

£

£

Within one year

11,075

13,131

Between one and five years

1,366

17,816

12,441

30,947

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

9,192

2,453

Hire purchase contracts

1,487

5,771

Other creditors

34,063

37,065

44,742

45,289

Bank loans and overdrafts are secured by fixed and floating charges over the company's assets.

The hire purchase contracts are secured over the assets to which they relate.

Secured other creditors relate to factored debts and are secured by a fixed and floating charge on the property and assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary

£1

4

4

10.

RESERVES

Revaluation

reserve

£

At 1 September 2024

3,884

Transferred between reserves

(944

)

At 31 August 2025

2,940