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REGISTERED NUMBER: 08116752 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Starlight Electrical Services
(South Wales) Limited

Starlight Electrical Services
(South Wales) Limited (Registered number: 08116752)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Starlight Electrical Services
(South Wales) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs L C Phelps
J Phelps





REGISTERED OFFICE: 20 Pentwyn Isaf
Caerphilly
CF83 2NR





REGISTERED NUMBER: 08116752 (England and Wales)





ACCOUNTANTS: Norton Eddins Ltd
7 Ty Nant Court
Morganstown
Cardiff
CF15 8LW

Starlight Electrical Services
(South Wales) Limited (Registered number: 08116752)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 162,299 171,176
162,299 171,176

CURRENT ASSETS
Stocks 20,000 80,000
Debtors 6 429,333 261,964
Cash at bank and in hand 128,245 157,978
577,578 499,942
CREDITORS
Amounts falling due within one year 7 411,997 397,144
NET CURRENT ASSETS 165,581 102,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,880

273,974

CREDITORS
Amounts falling due after more than one
year

8

54,063

87,636
NET ASSETS 273,817 186,338

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 272,817 185,338
273,817 186,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Starlight Electrical Services
(South Wales) Limited (Registered number: 08116752)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





J Phelps - Director


Starlight Electrical Services
(South Wales) Limited (Registered number: 08116752)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Starlight Electrical Services (South Wales) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Starlight Electrical Services
(South Wales) Limited (Registered number: 08116752)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 30,000
AMORTISATION
At 1 July 2022
and 30 June 2023 30,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 356,572
Additions 87,598
Disposals (56,500 )
At 30 June 2023 387,670
DEPRECIATION
At 1 July 2022 185,396
Charge for year 54,100
Eliminated on disposal (14,125 )
At 30 June 2023 225,371
NET BOOK VALUE
At 30 June 2023 162,299
At 30 June 2022 171,176

Starlight Electrical Services
(South Wales) Limited (Registered number: 08116752)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 320,333 187,964
Other debtors 109,000 74,000
429,333 261,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 20,861 19,742
Trade creditors 183,004 168,826
Taxation and social security 158,546 107,226
Other creditors 39,586 91,350
411,997 397,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 34,896 58,469
54,063 87,636