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REGISTERED NUMBER: 04962616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

STAR BODIES (NORTH WEST) LTD

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAR BODIES (NORTH WEST) LTD

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTORS: Mr J S Wright
Miss J A Whyte





REGISTERED OFFICE: c/o Star Bodies (North West) Limited
Copse View Business Park
Copse Road
Fleetwood
Lancashire
FY7 7HB





REGISTERED NUMBER: 04962616 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
Chartered Accountants
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,032 65,732
Investment property 6 533,889 533,889
582,921 599,621

CURRENT ASSETS
Stocks 404,854 362,529
Debtors 7 54,485 44,411
Investments 8 266,100 266,100
Cash at bank and in hand 420,704 733,647
1,146,143 1,406,687
CREDITORS
Amounts falling due within one year 9 (415,200 ) (560,321 )
NET CURRENT ASSETS 730,943 846,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,313,864

1,445,987

CREDITORS
Amounts falling due after more than one year 10 (42,769 ) (189,555 )
NET ASSETS 1,271,095 1,256,432

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,270,995 1,256,332
SHAREHOLDERS' FUNDS 1,271,095 1,256,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

BALANCE SHEET - continued
31 March 2022


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:




Mr J S Wright - Director



Miss J A Whyte - Director


STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022

1. STATUTORY INFORMATION

Star Bodies (North West) 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover representing the value of services provided under repair and hire contracts is recognised to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Turnover relating to the sale of cars is shown net of VAT and trade discounts and is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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
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% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

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.

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 directors have considered the risks of Covid-19 and the potential impact on the financial position of the company. The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2021 - 11 ) .

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 75,000
AMORTISATION
At 1 April 2021
and 31 March 2022 75,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2021
and 31 March 2022 1,035 18,049 27,252
DEPRECIATION
At 1 April 2021 1,031 15,113 20,247
Charge for year - 1,171 1,583
At 31 March 2022 1,031 16,284 21,830
NET BOOK VALUE
At 31 March 2022 4 1,765 5,422
At 31 March 2021 4 2,936 7,005

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 105,824 5,365 157,525
DEPRECIATION
At 1 April 2021 50,039 5,363 91,793
Charge for year 13,946 - 16,700
At 31 March 2022 63,985 5,363 108,493
NET BOOK VALUE
At 31 March 2022 41,839 2 49,032
At 31 March 2021 55,785 2 65,732

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 99,174
DEPRECIATION
At 1 April 2021
and 31 March 2022 43,389
NET BOOK VALUE
At 31 March 2022 55,785
At 31 March 2021 55,785

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 533,889
NET BOOK VALUE
At 31 March 2022 533,889
At 31 March 2021 533,889

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2022 533,889

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 533,889 533,889

Investment property was valued on an open market basis on 31 March 2022 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 38,150 40,250
Other debtors 10,000 -
Deferred tax asset 6,335 4,161
54,485 44,411

8. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Listed investments 1,100 1,100
Unlisted investments 265,000 265,000
266,100 266,100

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,249 12,445
Hire purchase contracts (see note 11) - 88,125
Trade creditors 5,800 6,002
Tax 13,250 28,643
Social security and other taxes 28,210 35,868
Other creditors 208,640 252,807
Directors' current accounts 145,926 128,666
Accruals and deferred income 8,125 7,765
415,200 560,321

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 42,769 189,555

STAR BODIES (NORTH WEST) LTD (REGISTERED NUMBER: 04962616)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Bank loans outstanding at the year end amounted to £48,017 (2021- £202,000) and include instalments due after more than five years of £20,902 (2021 - £27,745).

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year - 88,125

Non-cancellable operating leases
2022 2021
£    £   
Within one year 8,227 17,380
Between one and five years 445 14,305
8,672 31,685

12. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts - 88,125

The hire purchase is secured on the assets that it relates to.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £24,250 (2021 - £24,250) were paid to the directors .