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Company Registration No. 10833951 (England and Wales)
GRAPHENE STAR LTD Unaudited accounts for the year ended 30 June 2023
GRAPHENE STAR LTD Unaudited accounts Contents
Page
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GRAPHENE STAR LTD Company Information for the year ended 30 June 2023
Directors
Marina Starkova A Muchinskaya A S Briggs N Rothwell
Company Number
10833951 (England and Wales)
Registered Office
5 North Court Clevedon Road London TW1 2HS England
Accountants
Marble Hill Accountants Ltd 193 Richmond Road Twickenham Middlesex TW1 2NJ
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GRAPHENE STAR LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,752 
3,531 
Investments
100 
100 
10,852 
3,631 
Current assets
Debtors
429,451 
189,435 
Cash at bank and in hand
616,761 
504,069 
1,046,212 
693,504 
Creditors: amounts falling due within one year
(74,159)
(164,038)
Net current assets
972,053 
529,466 
Net assets
982,905 
533,097 
Capital and reserves
Called up share capital
424 
396 
Share premium
1,401,546 
813,314 
Profit and loss account
(419,065)
(280,613)
Shareholders' funds
982,905 
533,097 
For the year ending 30 June 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 2 February 2024 and were signed on its behalf by
Marina Starkova Director Company Registration No. 10833951
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GRAPHENE STAR LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
GRAPHENE STAR LTD is a private company, limited by shares, registered in England and Wales, registration number 10833951. The registered office is 5 North Court, Clevedon Road, London, TW1 2HS, 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
20% reducing balance
Turnover
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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GRAPHENE STAR LTD Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
10,778 
Additions
9,281 
At 30 June 2023
20,059 
Depreciation
At 1 July 2022
7,247 
Charge for the year
2,060 
At 30 June 2023
9,307 
Net book value
At 30 June 2023
10,752 
At 30 June 2022
3,531 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2022
100 
Valuation at 30 June 2023
100 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,969 
214 
Amounts due from group undertakings etc.
384,048 
152,718 
Accrued income and prepayments
5,238 
5,238 
Other debtors
37,196 
31,265 
429,451 
189,435 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,923 
3,802 
Other creditors
1 
90,214 
Loans from directors
70,235 
70,022 
74,159 
164,038 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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