STARLING ENGINEERING LIMITED

Company Registration Number:
SC588726 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

STARLING ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

STARLING ENGINEERING LIMITED

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 0 13,344
Cost of sales: 0 0
Gross profit(or loss): 0 13,344
Distribution costs: 0 0
Administrative expenses: ( 3,080 ) ( 4,901 )
Operating profit(or loss): (3,080) 8,443
Profit(or loss) before tax: (3,080) 8,443
Tax: 503 ( 1,279 )
Profit(or loss) for the financial year: (2,577) 7,164

STARLING ENGINEERING LIMITED

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,282 1,710
Investments:   0 0
Total fixed assets: 1,282 1,710
Current assets
Stocks:   0 0
Debtors: 4 5,362 5,362
Cash at bank and in hand: 39,614 44,590
Investments:   0 0
Total current assets: 44,976 49,952
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 4,607 ) ( 5,434 )
Net current assets (liabilities): 40,369 44,518
Total assets less current liabilities: 41,651 46,228
Total net assets (liabilities): 41,651 46,228
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 41,650 46,227
Total Shareholders' funds: 41,651 46,228

The notes form part of these financial statements

STARLING ENGINEERING LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 22 November 2023
and signed on behalf of the board by:

Name: Elizabeth Dickson
Status: Director

The notes form part of these financial statements

STARLING ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable net of discounts and the 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assesses, other than freehold loans at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows:Freehold buildings - over 50 yearsLeasehold land and buildings - over the lease termPlant and machinery- at 33 percent per yearFixtures Fittings tools and equipment at 33 percent per year

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

    Other accounting policies

    Investments Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measure reliably, in which case they are measured at cost less accumulated impairment losses. Changes in fair value are included in the profit and loss account.StocksStocks 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.DebtorsShort 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.

STARLING ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

STARLING ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 7,434 7,434
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 7,434 7,434
Depreciation
At 1 March 2022 5,724 5,724
Charge for year 428 428
On disposals
Other adjustments
At 28 February 2023 6,152 6,152
Net book value
At 28 February 2023 1,282 1,282
At 28 February 2022 1,710 1,710

STARLING ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Trade debtors 5,362 5,362
Total 5,362 5,362

STARLING ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 4,155 4,155
Taxation and social security 322 1,279
Other creditors 130
Total 4,607 5,434