Registered Number:10908864 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
5 Star North East Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
5 Star North East Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
27,812
5,353
2
27,812
5,353
28,000
36,800
3
Trade and other receivables |
10,666
-
4
22,562
Cash and cash equivalents |
5,049
41,849
61,228
Trade and other payables: amounts falling due within one year |
(20,829)
(47,159)
5
40,399
(5,310)
Net current liabilities
Total assets less current liabilities |
22,502
45,752
Trade and other payables: amounts falling due after more than |
one year |
(28,750)
(22,500)
6
2
Net assets
17,002
2
2
-
17,000
2
17,002
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each |
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and |
395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so |
far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Mustafa Yardim Director |
These financial statements were approved and authorised for issue by the Board on 05 January 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2023
5 Star North East Ltd
Notes to the Financial Statements
Statutory Information
5 Star North East Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
10908864. |
248 Westgate Road
Newcastle upon Tyne
NE4 6AQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act |
2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation |
of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
2 of 4
For the year ended 31 July 2023
5 Star North East Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor Vehicles
32,125
11,150
20,975
34,765
34,765
-
20,975
45,915
66,890
Provision for depreciation and impairment |
26,772
11,040
15,732
Charge for year
12,306
7,063
5,243
39,078
18,103
20,975
-
27,812
27,812
5,243
110
5,353
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any |
provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less |
their estimated residual value, over their expected useful lives on the following basis: |
2022
2023
36,800
28,000
4. Trade and other receivables |
2022
2023
-
10,666
5. Trade and other payables: amounts falling due within one year |
2022
2023
8,184
16,000
Taxation and social security |
5,305
4,670
33,670
159
47,159
20,829
3 of 4
For the year ended 31 July 2023
5 Star North East Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
22,500
28,750
7. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 3)
4 of 4