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REGISTERED NUMBER: 09931636















Unaudited Financial Statements for the Year Ended 31 March 2023

for

5 Star Drainage Services & Construction
Ltd

5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


5 Star Drainage Services & Construction
Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Williams





REGISTERED OFFICE: Unit D South Cambridge Business Park
Babraham Road
Sawston
Cambridge
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 09931636





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,167 4,167
Tangible assets 5 12,371 15,739
14,538 19,906

CURRENT ASSETS
Debtors 6 18,701 10,619
Cash at bank 3,628 6,514
22,329 17,133
CREDITORS
Amounts falling due within one year 7 43,250 86,779
NET CURRENT LIABILITIES (20,921 ) (69,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,383

)

(49,740

)

CREDITORS
Amounts falling due after more than one
year

8

33,879

34,918
NET LIABILITIES (40,262 ) (84,658 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (40,264 ) (84,660 )
(40,262 ) (84,658 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 3 November 2023 and were signed by:





J Williams - Director


5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)

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

1. STATUTORY INFORMATION

5 Star Drainage Services & Construction Ltd is a private company, limited by shares , registered in Not specified/Other. 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 2020, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and at varying rates on cost

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.

5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 5,833
Charge for year 2,000
At 31 March 2023 7,833
NET BOOK VALUE
At 31 March 2023 2,167
At 31 March 2022 4,167

5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 3,800 20,548 24,348
Additions - 1,000 1,000
At 31 March 2023 3,800 21,548 25,348
DEPRECIATION
At 1 April 2022 139 8,470 8,609
Charge for year 76 4,292 4,368
At 31 March 2023 215 12,762 12,977
NET BOOK VALUE
At 31 March 2023 3,585 8,786 12,371
At 31 March 2022 3,661 12,078 15,739

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 14,215
DEPRECIATION
At 1 April 2022 6,871
Charge for year 2,843
At 31 March 2023 9,714
NET BOOK VALUE
At 31 March 2023 4,501
At 31 March 2022 7,344

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,803 10,619
Other debtors 9,898 -
18,701 10,619

5 Star Drainage Services & Construction
Ltd (Registered number: 09931636)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,009 8,333
Hire purchase contracts 2,307 2,887
Trade creditors 8,202 15,089
Taxation and social security 14,697 34,591
Other creditors 8,035 25,879
43,250 86,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,879 33,333
Hire purchase contracts - 1,585
Other creditors 5,000 -
33,879 34,918