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Company Registration No. 11357831 (England and Wales)
5 STAR WHEELS LTD Unaudited accounts for the year ended 31 May 2023
5 STAR WHEELS LTD Unaudited accounts Contents
Page
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5 STAR WHEELS LTD Company Information for the year ended 31 May 2023
Directors
Dariusz Pograniczny Artur Wiesebach
Company Number
11357831 (England and Wales)
Registered Office
Unit 16 Newstet Road Knowsley Industrial Park Liverpool L33 7TJ
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5 STAR WHEELS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
132,000 
94,800 
Debtors
(2,366)
4,093 
Cash at bank and in hand
1,031 
4,607 
130,665 
103,500 
Creditors: amounts falling due within one year
(17,285)
(10,810)
Net current assets
113,380 
92,690 
Total assets less current liabilities
113,380 
92,690 
Creditors: amounts falling due after more than one year
(105,852)
(86,979)
Net assets
7,528 
5,711 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
7,527 
5,710 
Shareholders' funds
7,528 
5,711 
For the year ending 31 May 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 26 October 2023 and were signed on its behalf by
Artur Wiesebach Director Company Registration No. 11357831
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5 STAR WHEELS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
5 STAR WHEELS LTD is a private company, limited by shares, registered in England and Wales, registration number 11357831. The registered office is Unit 16 Newstet Road, Knowsley Industrial Park, Liverpool, L33 7TJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(12,117)
2,255 
Trade debtors
9,751 
1,838 
(2,366)
4,093 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(1,696)
4,570 
Trade creditors
17,966 
6,710 
Taxes and social security
1,015 
484 
Other creditors
- 
(954)
17,285 
10,810 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,232 
16,114 
Loans from directors
93,620 
70,865 
105,852 
86,979 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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