Company Registration No. SC278272 (Scotland)
Starvale Limited
Unaudited accounts
for the year ended 30 November 2022
Starvale Limited
Unaudited accounts
Contents
Starvale Limited
Company Information
for the year ended 30 November 2022
Directors
Murray Georgeson
Tracey Georgeson
Company Number
SC278272 (Scotland)
Registered Office
24-26 SHORE
EDINBURGH
EH6 6QN
SCOTLAND
Accountants
Oak Team Associates Limited
272 Bath Street
Glasgow
G2 4JR
Starvale Limited
Statement of financial position
as at 30 November 2022
Intangible assets
16,000
17,000
Tangible assets
796,912
818,040
Cash at bank and in hand
16,536
38,773
Creditors: amounts falling due within one year
(188,333)
(223,984)
Net current liabilities
(160,940)
(159,737)
Total assets less current liabilities
651,972
675,303
Creditors: amounts falling due after more than one year
(457,407)
(487,985)
Net assets
194,565
187,318
Called up share capital
12
12
Profit and loss account
194,553
187,306
Shareholders' funds
194,565
187,318
For the year ending 30 November 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Murray Georgeson
Director
Company Registration No. SC278272
Starvale Limited
Notes to the Accounts
for the year ended 30 November 2022
Starvale Limited is a private company, limited by shares, registered in Scotland, registration number SC278272. The registered office is 24-26 SHORE, EDINBURGH, EH6 6QN, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 30 November 2022
25,000
At 30 November 2022
16,000
At 30 November 2021
17,000
Starvale Limited
Notes to the Accounts
for the year ended 30 November 2022
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2021
650,701
89,598
86,619
276,843
1,103,761
Additions
-
5,323
-
6,241
11,564
At 30 November 2022
650,701
94,921
86,619
283,084
1,115,325
At 1 December 2021
-
68,857
15,015
201,849
285,721
Charge for the year
-
3,110
17,902
11,680
32,692
At 30 November 2022
-
71,967
32,917
213,529
318,413
At 30 November 2022
650,701
22,954
53,702
69,555
796,912
At 30 November 2021
650,701
20,741
71,604
74,994
818,040
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
58,333
80,698
Trade creditors
22,881
33,500
Taxes and social security
22,504
34,567
Other creditors
8,842
36,502
Loans from directors
36,000
-
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
437,395
487,985
Obligations under finance leases and hire purchase contracts
20,012
-
9
Average number of employees
During the year the average number of employees was 22 (2021: 19).