Company Registration No. 11762853 (England and Wales)
Winstar Projects Ltd
Unaudited accounts
for the year ended 31 January 2023
Winstar Projects Ltd
Unaudited accounts
Contents
Winstar Projects Ltd
Company Information
for the year ended 31 January 2023
Directors
John Boote
John Stockdale
Company Number
11762853 (England and Wales)
Registered Office
45 Howey Lane
Frodsham
WA6 6DD
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Winstar Projects Ltd
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
131,355
84,901
Creditors: amounts falling due within one year
(56,432)
(30,312)
Net current assets
74,923
64,589
Called up share capital
20
20
Profit and loss account
74,903
64,582
Shareholders' funds
74,923
64,602
For the year ending 31 January 2023 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 20 September 2023 and were signed on its behalf by
John Boote
Director
Company Registration No. 11762853
Winstar Projects Ltd
Notes to the Accounts
for the year ended 31 January 2023
Winstar Projects Ltd is a private company, limited by shares, registered in England and Wales, registration number 11762853. The registered office is 45 Howey Lane, Frodsham, WA6 6DD.
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:
Computer equipment
33% Straight Line basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Winstar Projects Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
-
10,000
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
37,875
25,167
Loans from directors
4,384
2,752
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).