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Registered number: 09946318

Starglow Brokers Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Starglow Brokers Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Leo Grosz
REGISTERED OFFICE
7 Durlston Road
London
E5 8RP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09946318
BANKERS
Barclays
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Starglow Brokers Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Starglow Brokers Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets24,7373,109
CURRENT ASSETS
Debtors3194,665184,662
Cash at bank and in hand1281,456
194,793186,118
CREDITORS: Amounts falling due within one year46,6776,493
NET CURRENT ASSETS188,116179,625
TOTAL ASSETS LESS CURRENT LIABILITIES192,853182,734
CREDITORS: Amounts falling due after more than one year524,16733,333
NET ASSETS168,686149,401
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account168,685149,400
SHAREHOLDERS' FUNDS168,686149,401
For the year ending 31/01/2024 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/04/2024 and signed on their behalf by
.............................
Leo Grosz
Director

Starglow Brokers Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 33%
1c. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/02/20238,4008,400
Additions3,9973,997
At 31/01/202412,39712,397
Depreciation
At 01/02/20235,2915,291
For the year2,3692,369
At 31/01/20247,6607,660
Net Book Amounts
At 31/01/20244,7374,737
At 31/01/20233,1093,109

Starglow Brokers Limited

3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors49,83939,836
Other debtors144,826144,826
194,665184,662
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,726-
PAYE control222222
Other creditors494,591
Accruals1,6801,680
6,6776,493
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr24,16733,333
24,16733,333
6. EMPLOYEES
20242023
No.No.
Average number of employees65

Starglow Brokers Limited

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
8. CONTROLLING PARTY
The company is controlled by L. Grosz by virtue of the fact that he owns 100% of the company's issued and called up, voting share capital.
9. RELATED PARTY TRANSACTIONS
During the year, certain loans were made to the company by the director, L. Grosz. The loans are interest free and repayable on demand. At the year end, the balance due to the director totalled £50 (2023: £4,591) and is included in Other Creditors.
During the year, dividends of £2,000 (2023: £8,000) were paid to the director, L. Grosz.