1 June 2022 false Taxfiler 2023.12 true 11975335business:PrivateLimitedCompanyLtd2022-06-012023-05-31 119753352022-05-31 119753352022-06-012023-05-31 11975335business:AuditExemptWithAccountantsReport2022-06-012023-05-31 11975335business:FilletedAccounts2022-06-012023-05-31 119753352023-05-31 11975335business:Director12022-06-012023-05-31 11975335business:RegisteredOffice2022-06-012023-05-31 119753352022-05-31 11975335core:WithinOneYear2023-05-31 11975335core:WithinOneYear2022-05-31 11975335core:AfterOneYear2023-05-31 11975335core:AfterOneYear2022-05-31 11975335core:SharePremiumcore:PreviouslyStatedAmount2023-05-31 11975335core:SharePremiumcore:PreviouslyStatedAmount2022-05-31 11975335core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11975335core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 11975335core:PreviouslyStatedAmount2023-05-31 11975335core:PreviouslyStatedAmount2022-05-31 11975335business:SmallEntities2022-06-012023-05-31 11975335countries:EnglandWales2022-06-012023-05-31 119753352021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11975335 (England and Wales)
GREAT STAR TRADING LTD Unaudited accounts for the year ended 31 May 2023
GREAT STAR TRADING LTD Unaudited accounts Contents
Page
- 2 -
GREAT STAR TRADING LTD Company Information for the year ended 31 May 2023
Director
JASPREET SINGH DHILLON
Company Number
11975335 (England and Wales)
Registered Office
142 JOHNSON STREET UNIT 7A SOUTHALL UB2 5FD ENGLAND
Accountants
SAMI & CO ACCOUNTANTS 48 BILTON ROAD PERIVALE MIDDLESEX UB6 7DH
- 3 -
GREAT STAR TRADING LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
93,741 
96,500 
Debtors
8,568 
7,444 
Cash at bank and in hand
6,393 
4,460 
108,702 
108,404 
Creditors: amounts falling due within one year
(35,927)
(22,493)
Net current assets
72,775 
85,911 
Total assets less current liabilities
72,775 
85,911 
Creditors: amounts falling due after more than one year
(32,696)
(43,079)
Net assets
40,079 
42,832 
Capital and reserves
Share premium
100 
100 
Profit and loss account
39,979 
42,732 
Shareholders' funds
40,079 
42,832 
For the year ending 31 May 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 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 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 and authorised for issue on 7 February 2024 and were signed on its behalf by
JASPREET SINGH DHILLON Director Company Registration No. 11975335
- 4 -
GREAT STAR TRADING LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
GREAT STAR TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 11975335. The registered office is 142 JOHNSON STREET, UNIT 7A, SOUTHALL, UB2 5FD, 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,568 
7,444 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,713 
11,929 
Trade creditors
30,638 
- 
Taxes and social security
3,576 
7,054 
Loans from directors
- 
3,510 
35,927 
22,493 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,696 
43,079 
- 5 -
GREAT STAR TRADING LTD Notes to the Accounts for the year ended 31 May 2023
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -