2022-06-01 2023-05-31 false Capium Accounts Production 1.1 08064238 bus:FullAccounts 2022-06-01 2023-05-31 08064238 bus:FRS102 2022-06-01 2023-05-31 08064238 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 08064238 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 08064238 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08064238 2022-06-01 2023-05-31 08064238 2023-05-31 08064238 bus:RegisteredOffice 2022-06-01 2023-05-31 08064238 core:WithinOneYear 2023-05-31 08064238 core:AfterOneYear 2023-05-31 08064238 bus:Director1 2022-06-01 2023-05-31 08064238 bus:Director1 2023-05-31 08064238 bus:Director1 2020-06-01 2021-05-31 08064238 2020-06-01 08064238 bus:CompanySecretary1 2022-06-01 2023-05-31 08064238 bus:LeadAgentIfApplicable 2022-06-01 2023-05-31 08064238 2020-06-01 2021-05-31 08064238 2021-05-31 08064238 core:WithinOneYear 2021-05-31 08064238 core:AfterOneYear 2021-05-31 08064238 bus:EntityAccountantsOrAuditors 2020-06-01 2021-05-31 08064238 core:ComputerEquipment 2022-06-01 2023-05-31 08064238 core:ComputerEquipment 2023-05-31 08064238 core:ComputerEquipment 2021-05-31 08064238 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 08064238 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-05-31 08064238 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 08064238 core:CostValuation core:Non-currentFinancialInstruments 2021-05-31 08064238 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-05-31 08064238 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-05-31 08064238 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-05-31 08064238 core:Non-currentFinancialInstruments 2023-05-31 08064238 core:Non-currentFinancialInstruments 2021-05-31 08064238 core:ShareCapital 2023-05-31 08064238 core:ShareCapital 2021-05-31 08064238 core:RetainedEarningsAccumulatedLosses 2023-05-31 08064238 core:RetainedEarningsAccumulatedLosses 2021-05-31 08064238 core:ShareCapitalOrdinaryShares 2022-06-01 08064238 core:ShareCapitalOrdinaryShares 2020-06-01 08064238 core:ShareCapitalOrdinaryShares 2022-06-01 2023-05-31 08064238 core:ShareCapitalOrdinaryShares 2020-06-01 2021-05-31 08064238 core:ShareCapitalOrdinaryShares 2023-05-31 08064238 core:ShareCapitalOrdinaryShares 2021-05-31 08064238 core:RetainedEarningsAccumulatedLosses 2022-06-01 08064238 core:RetainedEarningsAccumulatedLosses 2020-06-01 08064238 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 08064238 core:RetainedEarningsAccumulatedLosses 2020-06-01 2021-05-31 08064238 core:RetainedEarningsAccumulatedLosses 2023-05-31 08064238 core:RetainedEarningsAccumulatedLosses 2021-05-31 08064238 dpl:Item1 2022-06-01 08064238 dpl:Item1 2023-05-31 08064238 dpl:Item1 2020-06-01 08064238 dpl:Item1 2021-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08064238
England and Wales

 

 

 

STELLAR ENGINES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Director Kelvin Long
Registered Number 08064238
Registered Office C/O Melanie Curtis Accountants Ltd 100 Berkshire Place
Winnersh
Wokingham
Berkshire
RG41 5RD
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 May 2023.
Principal activities
Principal activity of the company during the financial year was of aerospace consultancy services.
Director
The director who served the company throughout the year was as follows:
Kelvin Long

On behalf of the board.


----------------------------------
Kelvin Long
Director

Date approved: 09 October 2023
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stellar Engines Ltd for the year ended year ended 31 May 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Stellar Engines Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stellar Engines Ltd and state those matters that we have agreed to state to the director of Stellar Engines Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Stellar Engines Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stellar Engines Ltd. You consider that Stellar Engines Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stellar Engines Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Melanie Curtis Accountants Ltd
100 Berskhire Place
Winnersh Wokingham
RG41 5RD
09 October 2023
3
 
 
Notes
 
2023
£
  2021
£
Turnover 16,593    48,519 
Cost of sales (6,185)  
Gross profit 10,408    48,519 
Administrative expenses (4,493)   (10,780)
Operating profit 5,915    37,739 
Interest payable and similar charges   (36)
Profit/(Loss) on ordinary activities before taxation 5,915    37,703 
Tax on profit on ordinary activities (1,124)   (7,163)
Profit/(Loss) for the financial year 4,791    30,540 
 
4
 
 
Notes
 
2023
£
  2021
£
Fixed assets      
Tangible fixed assets 3 279    6 
279    6 
Current assets      
Debtors 4 4,487   
Cash at bank and in hand 36,482    48,379 
40,969    48,379 
Creditors: amount falling due within one year 5 (4,233)   (11,813)
Net current assets 36,736    36,566 
 
Total assets less current liabilities 37,015    36,572 
Provisions for liabilities 6 11    (1)
Net assets 37,026    36,571 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 37,025    36,570 
Shareholder's funds 37,026    36,571 
 


For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 09 October 2023 and were signed by:


-------------------------------
Kelvin Long
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 June 2020 1  18,530  18,531 
Profit for the year 30,540  30,540 
Total comprehensive income for the year 30,540  30,540 
Dividends (12,500) (12,500)
Total investments by and distributions to owners (12,500) (12,500)
At 31 May 2021 1  36,570  36,571 
At 01 June 2022 1  46,804  46,805 
Profit for the year 4,791  4,791 
Total comprehensive income for the year 4,791  4,791 
Dividends (14,570) (14,570)
Total investments by and distributions to owners (14,570) (14,570)
At 31 May 2023 1  37,025  37,026 
6
General Information
Stellar Engines Ltd is a private company, limited by shares, registered in England and Wales, registration number 08064238, registration address C/O Melanie Curtis Accountants Ltd 100 Berkshire Place, Winnersh, Wokingham, Berkshire, RG41 5RD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2021 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 June 2022 210    210 
Additions 413    413 
Disposals  
At 31 May 2023 623    623 
Depreciation
At 01 June 2022 206    206 
Charge for year 138    138 
On disposals  
At 31 May 2023 344    344 
Net book values
Closing balance as at 31 May 2023 279    279 
Opening balance as at 01 June 2022 6    6 


4.

Debtors: amounts falling due within one year

2023
£
  2021
£
Trade Debtors 4,088   
Prepayments & Accrued Income 399   
4,487   

5.

Creditors: amount falling due within one year

2023
£
  2021
£
Trade Creditors 120    76 
Corporation Tax 1,143    8,824 
Accrued Expenses 1,800    1,753 
Directors' Current Accounts 1,170    1,160 
4,233    11,813 

6.

Provisions for liabilities

2023
£
  2021
£
Deferred Tax (11)  
(11)  

7