IRIS Accounts Production v23.2.0.158 05489970 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054899702022-05-31054899702023-05-31054899702022-06-012023-05-31054899702021-05-31054899702021-06-012022-05-31054899702022-05-3105489970ns10:Originalns15:EnglandWales2022-06-012023-05-3105489970ns14:PoundSterlingns10:Original2022-06-012023-05-3105489970ns10:Originalns10:Director12022-06-012023-05-3105489970ns10:Original2022-06-012023-05-3105489970ns10:Original2023-05-3105489970ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3105489970ns10:Originalns10:SmallEntities2022-06-012023-05-3105489970ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3105489970ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3105489970ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3105489970ns10:Originalns10:FullAccounts2022-06-012023-05-3105489970ns10:Original12022-06-012023-05-3105489970ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3105489970ns10:Originalns10:Director22022-06-012023-05-3105489970ns10:Originalns10:Director32022-06-012023-05-3105489970ns10:Originalns10:Director42022-06-012023-05-3105489970ns10:Originalns10:Director52022-06-012023-05-3105489970ns10:Originalns10:RegisteredOffice2022-06-012023-05-3105489970ns10:Original2022-05-3105489970ns10:Originalns5:CurrentFinancialInstruments2023-05-3105489970ns10:Originalns5:CurrentFinancialInstruments2022-05-3105489970ns10:Originalns5:Non-currentFinancialInstruments2023-05-3105489970ns10:Originalns5:Non-currentFinancialInstruments2022-05-3105489970ns5:ShareCapitalns10:Original2023-05-3105489970ns5:ShareCapitalns10:Original2022-05-3105489970ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3105489970ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3105489970ns10:Originalns5:NetGoodwill2022-06-012023-05-3105489970ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3105489970ns10:Originalns5:FurnitureFittings2022-06-012023-05-3105489970ns10:Originalns5:ComputerEquipment2022-06-012023-05-3105489970ns10:Original2021-06-012022-05-3105489970ns10:Originalns5:NetGoodwill2022-05-3105489970ns10:Originalns5:NetGoodwill2023-05-3105489970ns10:Originalns5:NetGoodwill2022-05-3105489970ns10:Originalns5:FurnitureFittings2022-05-3105489970ns10:Originalns5:ComputerEquipment2022-05-3105489970ns10:Original2022-05-3105489970ns10:Originalns5:FurnitureFittings2023-05-3105489970ns10:Originalns5:ComputerEquipment2023-05-3105489970ns10:Originalns5:FurnitureFittings2022-05-3105489970ns10:Originalns5:ComputerEquipment2022-05-3105489970ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105489970ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3105489970ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 05489970 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Starlite Direct Limited

Starlite Direct Limited (Registered number: 05489970)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Starlite Direct Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: W J Clarke
Miss J L Clarke
Mrs G Clarke
K Clarke





REGISTERED OFFICE: Sleaford Enterprise Park
Pride Parkway
Sleaford
Lincolnshire
NG34 8GL





REGISTERED NUMBER: 05489970 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Starlite Direct Limited (Registered number: 05489970)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 66
- 66

CURRENT ASSETS
Stocks 1,807,260 1,805,741
Debtors 6 179,288 207,432
Cash at bank and in hand 402,454 368,378
2,389,002 2,381,551
CREDITORS
Amounts falling due within one year 7 346,324 401,705
NET CURRENT ASSETS 2,042,678 1,979,846
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,042,678

1,979,912

CREDITORS
Amounts falling due after more than one
year

8

125,000

166,667
NET ASSETS 1,917,678 1,813,245

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,917,676 1,813,243
SHAREHOLDERS' FUNDS 1,917,678 1,813,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 October 2023 and were signed on its behalf by:





Mrs G P Clarke - Director


Starlite Direct Limited (Registered number: 05489970)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Starlite Direct Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

Starlite Direct Limited (Registered number: 05489970)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 300,000
AMORTISATION
At 1 June 2022
and 31 May 2023 300,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 62,708 40,791 103,499
DEPRECIATION
At 1 June 2022 62,642 40,791 103,433
Charge for year 66 - 66
At 31 May 2023 62,708 40,791 103,499
NET BOOK VALUE
At 31 May 2023 - - -
At 31 May 2022 66 - 66

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,760 15,288
Amounts owed by group undertakings 116,984 174,945
Other debtors 17,544 17,199
179,288 207,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,667 41,667
Trade creditors 181,747 213,721
Taxation and social security 107,365 133,403
Other creditors 15,545 12,914
346,324 401,705

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 125,000 166,667

Starlite Direct Limited (Registered number: 05489970)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. OTHER FINANCIAL COMMITMENTS

At 31 May 2023 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £478,492 (2022 £598,115)