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REGISTERED NUMBER: 08906046 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

North Star Digital Limited

North Star Digital Limited (Registered number: 08906046)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


North Star Digital Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Kay
V J Wignall





REGISTERED OFFICE: M.01 Tomorrow
Blue
MediaCityUK
M50 2AB





REGISTERED NUMBER: 08906046 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

North Star Digital Limited (Registered number: 08906046)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,150 43,552
32,150 43,552

CURRENT ASSETS
Debtors 6 126,651 89,989
Cash at bank 220,623 186,790
347,274 276,779
CREDITORS
Amounts falling due within one year 7 148,961 104,100
NET CURRENT ASSETS 198,313 172,679
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,463

216,231

CREDITORS
Amounts falling due after more than one year 8 (94,602 ) (121,718 )

PROVISIONS FOR LIABILITIES (8,038 ) (10,888 )
NET ASSETS 127,823 83,625

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 127,723 83,525
127,823 83,625

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.

North Star Digital Limited (Registered number: 08906046)

Statement of Financial Position - continued
31 March 2024


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 August 2024 and were signed on its behalf by:




V J Wignall - Director



J Kay - Director


North Star Digital Limited (Registered number: 08906046)

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

1. STATUTORY INFORMATION

North Star Digital 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 statement 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of four 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 and 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

North Star Digital Limited (Registered number: 08906046)

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

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,900
AMORTISATION
At 1 April 2023
and 31 March 2024 10,900
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

North Star Digital Limited (Registered number: 08906046)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 68,818
Additions 4,824
Disposals (7,109 )
At 31 March 2024 66,533
DEPRECIATION
At 1 April 2023 25,266
Charge for year 11,546
Eliminated on disposal (2,429 )
At 31 March 2024 34,383
NET BOOK VALUE
At 31 March 2024 32,150
At 31 March 2023 43,552

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 60,196 23,789
Amounts owed by associates 8,814 8,814
Other debtors 57,641 57,386
126,651 89,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,154 7,154
Trade creditors 55,216 43,849
Amounts owed to associates 1,443 -
Taxation and social security 53,545 22,395
Other creditors 31,603 30,702
148,961 104,100

North Star Digital Limited (Registered number: 08906046)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 28,851 35,149
Other creditors 65,751 86,569
94,602 121,718

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023 the following amounts were owed by the directors to the company:
- Director 1 = £22,185
- Director 2 = £17,912
No formal repayment terms have been agreed.

10. RELATED PARTY DISCLOSURES

Mr J Kay and Miss V Wignall, directors of the company, are also directors and shareholders in The Creative Wedding Agency Limited and NSD Property Limited.

The company has made / (received) loans to / (from) these entities, all of which were interest free and repayable on demand.

At the balance sheet date, the following balances were due from / (to) the following related parties :-

- The Creative Wedding Agency Limited - 2024 : (£1,442)

- NSD Property Limited - 2024 : £8,813