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REGISTERED NUMBER: 07673362 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STELLER SYSTEMS LTD

STELLER SYSTEMS LTD (REGISTERED NUMBER: 07673362)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STELLER SYSTEMS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mrs S J Skarda
Mr R K Skarda





REGISTERED OFFICE: Glenholm
George Street
Nailsworth
Gloucestershire
GL6 0AG





REGISTERED NUMBER: 07673362 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ

STELLER SYSTEMS LTD (REGISTERED NUMBER: 07673362)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,749 21,010

CURRENT ASSETS
Debtors 5 663,901 1,119,087
Cash at bank 233,933 37,095
897,834 1,156,182
CREDITORS
Amounts falling due within one year 6 (751,225 ) (1,135,057 )
NET CURRENT ASSETS 146,609 21,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,358

42,135

CREDITORS
Amounts falling due after more than one
year

7

(15,225

)

(24,821

)

PROVISIONS FOR LIABILITIES (6,719 ) (6,719 )
NET ASSETS 162,414 10,595

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 162,412 10,593
SHAREHOLDERS' FUNDS 162,414 10,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

STELLER SYSTEMS LTD (REGISTERED NUMBER: 07673362)

BALANCE SHEET - continued
31 December 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 18 March 2024 and were signed on its behalf by:





Mr R K Skarda - Director


STELLER SYSTEMS LTD (REGISTERED NUMBER: 07673362)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Steller Systems Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 25 (2022 - 24 ) .

STELLER SYSTEMS LTD (REGISTERED NUMBER: 07673362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 59,895 136,107 196,002
Additions 774 37,341 38,115
At 31 December 2023 60,669 173,448 234,117
DEPRECIATION
At 1 January 2023 50,678 124,314 174,992
Charge for year 1,736 19,640 21,376
At 31 December 2023 52,414 143,954 196,368
NET BOOK VALUE
At 31 December 2023 8,255 29,494 37,749
At 31 December 2022 9,217 11,793 21,010

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 380,643 1,086,973
Other debtors 253,067 -
Directors' current accounts - 15,230
Tax 16,884 16,884
Prepayments 13,307 -
663,901 1,119,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 9,795 10,000
Trade creditors 28,770 145,000
Tax 180,416 155,215
Social security and other taxes 514,235 809,431
Other creditors 13,009 8,208
Accrued expenses 5,000 7,203
751,225 1,135,057

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 15,225 24,821

STELLER SYSTEMS LTD (REGISTERED NUMBER: 07673362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,795 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,225 20,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 4,821

9. RESERVES
Retained
earnings
£   

At 1 January 2023 10,593
Profit for the year 643,819
Dividends (492,000 )
At 31 December 2023 162,412