Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false42022-12-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC638890 2022-12-01 2023-11-30 SC638890 2021-12-01 2022-11-30 SC638890 2023-11-30 SC638890 2022-11-30 SC638890 c:Director1 2022-12-01 2023-11-30 SC638890 c:RegisteredOffice 2022-12-01 2023-11-30 SC638890 d:PlantMachinery 2022-12-01 2023-11-30 SC638890 d:PlantMachinery 2023-11-30 SC638890 d:PlantMachinery 2022-11-30 SC638890 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC638890 d:MotorVehicles 2022-12-01 2023-11-30 SC638890 d:MotorVehicles 2023-11-30 SC638890 d:MotorVehicles 2022-11-30 SC638890 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC638890 d:FurnitureFittings 2022-12-01 2023-11-30 SC638890 d:FurnitureFittings 2023-11-30 SC638890 d:FurnitureFittings 2022-11-30 SC638890 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC638890 d:OfficeEquipment 2022-12-01 2023-11-30 SC638890 d:OfficeEquipment 2023-11-30 SC638890 d:OfficeEquipment 2022-11-30 SC638890 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC638890 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 SC638890 d:CurrentFinancialInstruments 2023-11-30 SC638890 d:CurrentFinancialInstruments 2022-11-30 SC638890 d:Non-currentFinancialInstruments 2023-11-30 SC638890 d:Non-currentFinancialInstruments 2022-11-30 SC638890 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC638890 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 SC638890 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 SC638890 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 SC638890 d:ShareCapital 2023-11-30 SC638890 d:ShareCapital 2022-11-30 SC638890 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC638890 d:RetainedEarningsAccumulatedLosses 2022-11-30 SC638890 c:OrdinaryShareClass1 2022-12-01 2023-11-30 SC638890 c:OrdinaryShareClass1 2023-11-30 SC638890 c:OrdinaryShareClass1 2022-11-30 SC638890 c:FRS102 2022-12-01 2023-11-30 SC638890 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 SC638890 c:FullAccounts 2022-12-01 2023-11-30 SC638890 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 SC638890 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC638890










STAR TRAVEL COACHES LTD
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
STAR TRAVEL COACHES LTD
 

COMPANY INFORMATION


Director
Mr S R Gilfillan 




Registered number
SC638890



Registered office
120 Lochgelly Road

Cowdenbeath

Scotland

KY4 9HD




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
STAR TRAVEL COACHES LTD
REGISTERED NUMBER: SC638890

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
36,699
50,314

  
36,699
50,314

Current assets
  

Debtors Within One Year
 5 
7,930
2,640

Bank and cash balances
  
113,689
207,296

  
121,619
209,936

Creditors: amounts falling due within one year
 6 
(24,206)
(68,130)

Net current assets
  
 
 
97,413
 
 
141,806

Total assets less current liabilities
  
134,112
192,120

Creditors: amounts falling due after more than one year
 7 
(125,364)
(106,431)

Provisions for liabilities
  

Deferred tax
  
-
(1,628)

  
 
 
-
 
 
(1,628)

Net assets
  
8,748
84,061


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
8,648
83,961

  
8,748
84,061

Page 1

 
STAR TRAVEL COACHES LTD
REGISTERED NUMBER: SC638890

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr S R Gilfillan
Director

Date: 19 August 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
STAR TRAVEL COACHES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number SC638890. The registered office is 120 Lochgelly Road, Cowdenbeath, Scotland, KY4 9HD.
The financial statements are presented in Sterling, which is the functional currency of the Company, and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
STAR TRAVEL COACHES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

During the year the business was in receipt of the following revenue grants in relation to the COVID-19 pandemic:
Coronavirus Job Rentention Scheme (CJRS) which is recognised when receivable.
Business Support Fund which is recognised in full when received.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Page 4

 
STAR TRAVEL COACHES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 4).

Page 5

 
STAR TRAVEL COACHES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
12,298
45,394
1,271
270
59,233



At 30 November 2023

12,298
45,394
1,271
270
59,233



Depreciation


At 1 December 2022
6,576
1,493
661
189
8,919


Charge for the period on owned assets
2,460
10,975
153
27
13,615



At 30 November 2023

9,036
12,468
814
216
22,534



Net book value



At 30 November 2023
3,262
32,926
457
54
36,699



At 30 November 2022
5,722
43,901
610
81
50,314


5.


Debtors

2023
2022
£
£


Trade debtors
774
2,640

Tax recoverable
6,673
-

Deferred taxation
483
-

7,930
2,640


Page 6

 
STAR TRAVEL COACHES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,400
6,400

Other taxation and social security
451
43,712

Other creditors
15,600
15,600

Accruals and deferred income
1,755
2,418

24,206
68,130



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,497
21,897

Other creditors
109,867
84,534

125,364
106,431



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 7