Registered number
09199425
Stargo Limited
Filleted Accounts
30 September 2023
Stargo Limited
Registered number: 09199425
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,280 4,122
Current assets
Debtors 4 101,786 (44,287)
Cash at bank and in hand 25,806 32,827
127,592 (11,460)
Creditors: amounts falling due within one year 5 (79,529) 40,234
Net current assets 48,063 28,774
Total assets less current liabilities 51,343 32,896
Creditors: amounts falling due after more than one year 6 (43,264) (46,673)
Net assets/(liabilities) 8,079 (13,777)
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,979 (13,877)
Shareholder's funds 8,079 (13,777)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Stephen Jomo Maphosa
Director
Approved by the board on 6 November 2023
Stargo Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 27 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 3,598 14,523 18,121
At 30 September 2023 3,598 14,523 18,121
Depreciation
At 1 October 2022 2,034 11,965 13,999
Charge for the year 330 512 842
At 30 September 2023 2,364 12,477 14,841
Net book value
At 30 September 2023 1,234 2,046 3,280
At 30 September 2022 1,564 2,558 4,122
4 Debtors 2023 2022
£ £
Trade debtors (39,714) (44,287)
Amounts owed by group undertakings and undertakings in which the company has a participating interest 141,500 -
101,786 (44,287)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 60,757 (7,891)
Taxation and social security costs 21,773 9,375
Other creditors (3,001) (41,718)
79,529 (40,234)
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 43,264 46,673
7 Other information
Stargo Limited is a private company limited by shares and incorporated in England. Its registered office is:
174 Princes Park
Monor Royal Drive
N11 3FR
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