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REGISTERED NUMBER: SC057302 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Stark (Electrical Services) Limited

Stark (Electrical Services) Limited (Registered number: SC057302)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stark (Electrical Services) Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mr John Alistair Stark
Mrs Doreen Mary Chalmers Stark





Secretary: Mrs Doreen Mary Chalmers Stark





Registered office: 95-97 Glentanar Road
Balmore Industrial Estate
Glasgow
G22 7XS





Registered number: SC057302 (Scotland)





Accountants: Total Accounting Ltd.
10 Moncrieff Street
Paisley
PA3 2BE

Stark (Electrical Services) Limited (Registered number: SC057302)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
Current assets
Stocks 54,340 15,681
Debtors 4 8,716 8,241
Cash at bank and in hand 80,141 77,089
143,197 101,011
Creditors
Amounts falling due within one year 5 (23,435 ) (20,538 )
Net current assets 119,762 80,473
Total assets less current liabilities 119,762 80,473

Creditors
Amounts falling due after more than one year 6 (229,507 ) (160,740 )
Net liabilities (109,745 ) (80,267 )

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings (119,745 ) (90,267 )
(109,745 ) (80,267 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 9 July 2024 and were signed on its behalf by:





Mr John Alistair Stark - Director


Stark (Electrical Services) Limited (Registered number: SC057302)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. 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.

Stocks
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 items.

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.

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.

2. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

Stark (Electrical Services) Limited (Registered number: SC057302)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Tangible fixed assets
Motor
vehicles
£   
Cost
At 1 April 2023
and 31 March 2024 26,625
Depreciation
At 1 April 2023
and 31 March 2024 26,625
Net book value
At 31 March 2024 -
At 31 March 2023 -

4. Debtors: amounts falling due within one year
2024 2023
£    £   
VAT 617 1,994
Prepayments 8,099 6,247
8,716 8,241

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 7,955 7,160
Social security and other taxes 5,644 5,020
Pension contributions 1,596 1,461
Other creditors 2,500 2,500
Accruals 5,740 4,397
23,435 20,538

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Directors' loan accounts 229,507 160,740