Registered number
08895937
Star Forever Limited
Report and Accounts
28 February 2023
Star Forever Limited
Company Information
Directors
Aysun Yildiz
Accountants
Certax Accounting (Palmers Green)
8 Clock House Parade
North Circular Road
LONDON
N13 6BG
Registered office
8 Clock House Parade
North Circular Road
London
N13 6BG
Registered number
08895937
Star Forever Limited
Registered number: 08895937
Directors' Report
The directors present their report and accounts for the year ended 28 February 2023.
Principal activities
The company's principal activity during the year continued to be serving consultation, management and marketing services.
Directors
The following persons served as directors during the year:
Aysun Yildiz
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 November 2023 and signed on its behalf.
Aysun Yildiz
Director
Star Forever Limited
Registered number: 08895937
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 32,000 36,000
Cash at bank and in hand 12,816 18,793
44,816 54,793
Net current assets 44,816 54,793
Total assets less current liabilities 44,816 54,793
Creditors: amounts falling due after more than one year 4 (31,481) (42,104)
Net assets 13,335 12,689
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,235 12,589
Shareholders' funds 13,335 12,689
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Aysun Yildiz
Director
Approved by the board on 21 November 2023
Star Forever Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Other debtors 32,000 36,000
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,481 42,104
5 Controlling party
Aysun Yildiz who is a company directors ownes 100% of issued share capital.
6 Other information
Star Forever Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
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