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Company Registration No. 06532065 (England and Wales)
Starmo Auto Electrics Ltd Unaudited accounts for the year ended 31 March 2023
Starmo Auto Electrics Ltd Unaudited accounts Contents
Page
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Starmo Auto Electrics Ltd Company Information for the year ended 31 March 2023
Directors
Mr Barry James WHITE Mr Gavin Nigel WHITE Mr Nigel WHITE
Company Number
06532065 (England and Wales)
Registered Office
29 ALEXANDER ROAD BRAINTREE ESSEX CM7 5UH ENGLAND
Accountants
BARRIE INGRAM 69 Endsleigh Court Lexden COLCHESTER ESSEX CO3 3QW
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Starmo Auto Electrics Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,706 
- 
Current assets
Inventories
17,830 
14,217 
Debtors
9,077 
1,367 
Cash at bank and in hand
108,042 
102,221 
134,949 
117,805 
Creditors: amounts falling due within one year
(44,192)
(50,304)
Net current assets
90,757 
67,501 
Total assets less current liabilities
104,463 
67,501 
Creditors: amounts falling due after more than one year
(33,583)
(17,475)
Net assets
70,880 
50,026 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
70,877 
50,023 
Shareholders' funds
70,880 
50,026 
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 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 18 November 2023 and were signed on its behalf by
Mr Barry James WHITE Director Company Registration No. 06532065
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Starmo Auto Electrics Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Starmo Auto Electrics Ltd is a private company, limited by shares, registered in England and Wales, registration number 06532065. The registered office is 29 ALEXANDER ROAD, BRAINTREE, ESSEX, CM7 5UH, 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.
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.
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
5 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
35,845 
Additions
17,221 
At 31 March 2023
53,066 
Depreciation
At 1 April 2022
35,845 
Charge for the year
3,515 
At 31 March 2023
39,360 
Net book value
At 31 March 2023
13,706 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,404 
- 
Other debtors
3,673 
1,367 
9,077 
1,367 
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Starmo Auto Electrics Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,112 
4,184 
VAT
3,919 
3,588 
Trade creditors
21,788 
25,637 
Taxes and social security
14,373 
16,895 
44,192 
50,304 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,336 
14,875 
Other creditors
21,247 
2,600 
33,583 
17,475 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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