Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11650374 Mr Matthew Helps Mr Lee Mackay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11650374 2022-10-31 11650374 2023-10-31 11650374 2022-11-01 2023-10-31 11650374 frs-core:CurrentFinancialInstruments 2023-10-31 11650374 frs-core:Non-currentFinancialInstruments 2023-10-31 11650374 frs-core:ComputerEquipment 2023-10-31 11650374 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11650374 frs-core:ComputerEquipment 2022-10-31 11650374 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11650374 frs-core:MotorVehicles 2023-10-31 11650374 frs-core:MotorVehicles 2022-11-01 2023-10-31 11650374 frs-core:MotorVehicles 2022-10-31 11650374 frs-core:PlantMachinery 2023-10-31 11650374 frs-core:PlantMachinery 2022-11-01 2023-10-31 11650374 frs-core:PlantMachinery 2022-10-31 11650374 frs-core:ShareCapital 2023-10-31 11650374 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11650374 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11650374 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11650374 frs-bus:SmallEntities 2022-11-01 2023-10-31 11650374 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11650374 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11650374 frs-bus:Director1 2022-11-01 2023-10-31 11650374 frs-bus:Director2 2022-11-01 2023-10-31 11650374 frs-countries:EnglandWales 2022-11-01 2023-10-31 11650374 2021-10-31 11650374 2022-10-31 11650374 2021-11-01 2022-10-31 11650374 frs-core:CurrentFinancialInstruments 2022-10-31 11650374 frs-core:Non-currentFinancialInstruments 2022-10-31 11650374 frs-core:ShareCapital 2022-10-31 11650374 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11650374 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 11650374
Startech Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Dark Consulting Ltd
34c High Street
Yatton
North Somerset
BS49 4JA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11650374
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,454 6,219
4,454 6,219
CURRENT ASSETS
Stocks 5 25,000 25,000
Debtors 6 53,070 32,830
Cash at bank and in hand 14,206 3,219
92,276 61,049
Creditors: Amounts Falling Due Within One Year 7 (68,221 ) (45,187 )
NET CURRENT ASSETS (LIABILITIES) 24,055 15,862
TOTAL ASSETS LESS CURRENT LIABILITIES 28,509 22,081
Creditors: Amounts Falling Due After More Than One Year 8 (72,535 ) -
NET (LIABILITIES)/ASSETS (44,026 ) 22,081
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (44,126 ) 21,981
SHAREHOLDERS' FUNDS (44,026) 22,081
Page 1
Page 2
For the year ending 31 October 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Helps
Director
10/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Startech Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11650374 . The registered office is Ashdale Park Lane, Donyatt, Ilminster, TA19 0RN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 15%
Fixtures & Fittings 15%
Computer Equipment 15%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 7)
6 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 2,581 7,417 266 10,264
Disposals - - (266 ) (266 )
As at 31 October 2023 2,581 7,417 - 9,998
Depreciation
As at 1 November 2022 387 3,658 - 4,045
Provided during the period 387 1,112 - 1,499
As at 31 October 2023 774 4,770 - 5,544
Net Book Value
As at 31 October 2023 1,807 2,647 - 4,454
As at 1 November 2022 2,194 3,759 266 6,219
5. Stocks
2023 2022
£ £
Work in progress 25,000 25,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 9,679 17,738
Prepayments and accrued income 4,902 (1,040 )
Other debtors 5,860 -
Other debtors (1) - 16,132
Pension scheme prepayments (1,057 ) -
Net wages 22,202 -
Directors' loan accounts 11,484 -
53,070 32,830
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2 5,501
Bank loans and overdrafts - 14,733
Corporation tax 11,533 15,094
Other taxes and social security 24,413 1,841
VAT 32,273 5,748
Net wages - 2,273
Other creditors - (3 )
68,221 45,187
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,408 -
Other loans 61,127 -
72,535 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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