Company Registration No. 11870154 (England and Wales)
STAR PERFORMANCE TYRES LIMITED
Unaudited accounts
for the year ended 31 March 2023
STAR PERFORMANCE TYRES LIMITED
Unaudited accounts
Contents
STAR PERFORMANCE TYRES LIMITED
Company Information
for the year ended 31 March 2023
Director
MOHAMED KASIM SHARIFI
Company Number
11870154 (England and Wales)
Registered Office
1-8 COLLEGE ROAD
COLLEGE ROAD
COVENTRY
CV6 4BH
ENGLAND
Accountants
SAMI & CO ACCOUNTANTS
48 BILTON ROAD
PERIVALE
MIDDLESEX
UB6 7DH
STAR PERFORMANCE TYRES LIMITED
Statement of financial position
as at 31 March 2023
Intangible assets
50,000
50,000
Tangible assets
32,578
38,327
Cash at bank and in hand
120,755
16,361
Creditors: amounts falling due within one year
(114,456)
(78,193)
Net current assets/(liabilities)
73,299
(2,832)
Total assets less current liabilities
155,877
85,495
Creditors: amounts falling due after more than one year
(36,595)
(47,292)
Called up share capital
100
100
Profit and loss account
119,182
38,103
Shareholders' funds
119,282
38,203
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 31 October 2023 and were signed on its behalf by
MOHAMED KASIM SHARIFI
Director
Company Registration No. 11870154
STAR PERFORMANCE TYRES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
STAR PERFORMANCE TYRES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11870154. The registered office is 1-8 COLLEGE ROAD, COLLEGE ROAD, COVENTRY, CV6 4BH, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
STAR PERFORMANCE TYRES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
GOOD WILL PAID TO NEW LANDLORD
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
21,000
9,600
Taxes and social security
26,039
8,049
Other creditors
4,300
5,616
Loans from directors
55,000
45,821
STAR PERFORMANCE TYRES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 2).