OSTARA SYSTEMS LTD

Company Registration Number:
04642803 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

OSTARA SYSTEMS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

OSTARA SYSTEMS LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 146,801 98,353
Tangible assets: 4 84,898 38,239
Total fixed assets: 231,699 136,592
Current assets
Debtors:   596,768 594,738
Cash at bank and in hand: 438,899 349,874
Total current assets: 1,035,667 944,612
Creditors: amounts falling due within one year:   (600,061) (503,218)
Net current assets (liabilities): 435,606 441,394
Total assets less current liabilities: 667,305 577,986
Creditors: amounts falling due after more than one year:   0 (34,274)
Provision for liabilities: (52,707) (27,504)
Total net assets (liabilities): 614,598 516,208
Capital and reserves
Called up share capital: 49 49
Other reserves: 51 51
Profit and loss account: 614,498 516,108
Shareholders funds: 614,598 516,208

The notes form part of these financial statements

OSTARA SYSTEMS LTD

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2023
and signed on behalf of the board by:

Name: Neil Harrison
Status: Director

The notes form part of these financial statements

OSTARA SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

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

OSTARA SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 44 38

OSTARA SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Intangible Assets

Total
Cost £
At 01 March 2022 1,865,135
Additions 145,267
At 28 February 2023 2,010,402
Amortisation
At 01 March 2022 1,766,782
Charge for year 96,819
At 28 February 2023 1,863,601
Net book value
At 28 February 2023 146,801
At 28 February 2022 98,353

OSTARA SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 249,810
Additions 81,297
Disposals (2,205)
At 28 February 2023 328,902
Depreciation
At 01 March 2022 211,571
Charge for year 34,638
On disposals (2,205)
At 28 February 2023 244,004
Net book value
At 28 February 2023 84,898
At 28 February 2022 38,239

OSTARA SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Financial commitments

The Total Amount not included in the balance sheet is £53,402 (2022 - £118,136), of which £47,839 (2022 - £99,181 is due within one year, and £5,563 (2022 - £18,995) is due in more than one year.

OSTARA SYSTEMS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Loans to directors

Name of director receiving advance or credit: Jayne Harrison
Description of the loan: Directors Loan
£
Balance at 01 March 2022 162,000
Balance at 28 February 2023 162,000