Acorah Software Products - Accounts Production 14.5.501 false true false 1 November 2022 31 October 2023 31 October 2023 SC698945 Mr Md Habibur Rahman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC698945 2022-10-31 SC698945 2023-10-31 SC698945 2022-11-01 2023-10-31 SC698945 frs-core:CurrentFinancialInstruments 2023-10-31 SC698945 frs-core:Non-currentFinancialInstruments 2023-10-31 SC698945 frs-core:FurnitureFittings 2023-10-31 SC698945 frs-core:FurnitureFittings 2022-11-01 2023-10-31 SC698945 frs-core:FurnitureFittings 2022-10-31 SC698945 frs-core:PlantMachinery 2023-10-31 SC698945 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC698945 frs-core:PlantMachinery 2022-10-31 SC698945 frs-core:ShareCapital 2023-10-31 SC698945 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC698945 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC698945 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 SC698945 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC698945 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC698945 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC698945 frs-bus:Director1 2022-11-01 2023-10-31 SC698945 frs-countries:Scotland 2022-11-01 2023-10-31
Registered number: SC698945
HOLDSTAR GROCERY LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC698945
2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 18,870
18,870
CURRENT ASSETS
Stocks 5 29,264
Cash at bank and in hand 450
29,714
Creditors: Amounts Falling Due Within One Year 6 (3,243 )
NET CURRENT ASSETS (LIABILITIES) 26,471
TOTAL ASSETS LESS CURRENT LIABILITIES 45,341
Creditors: Amounts Falling Due After More Than One Year 7 (51,225 )
NET LIABILITIES (5,884 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (5,984 )
SHAREHOLDERS' FUNDS (5,884)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Md Habibur Rahman
Director
04/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HOLDSTAR GROCERY LTD is a private company, limited by shares, incorporated in Scotland, registered number SC698945 . The registered office is 3 Wright Street, Renfrew, PA4 8BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18%
Fixtures & Fittings 18%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 19,000 5,015 24,015
As at 31 October 2023 19,000 5,015 24,015
Depreciation
As at 1 November 2022 - 1,003 1,003
Provided during the period 3,420 722 4,142
As at 31 October 2023 3,420 1,725 5,145
Net Book Value
As at 31 October 2023 15,580 3,290 18,870
As at 1 November 2022 19,000 4,012 23,012
5. Stocks
2023
£
Finished goods 29,264
6. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 2,842
Taxation and social security 401
3,243
7. Creditors: Amounts Falling Due After More Than One Year
2023
£
Other creditors 51,225
8. Share Capital
2023
£
Allotted, Called up and fully paid 100
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