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REGISTERED NUMBER: SC436566 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STARKS ENGINEERING SERVICES LTD

STARKS ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC436566)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STARKS ENGINEERING SERVICES LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: Mr A Stark



REGISTERED OFFICE: 6 Miller Road
Ayr
Ayrshire
KA7 2AY



REGISTERED NUMBER: SC436566 (Scotland)



ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY



BANKERS: Santander
Customer Service Centre
Bootle
Merseyside
L30 4GB

STARKS ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC436566)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 387 554

CURRENT ASSETS
Debtors 4 46,164 20,730
Cash at bank 205 2,363
46,369 23,093
CREDITORS
Amounts falling due within one year 5 35,262 13,368
NET CURRENT ASSETS 11,107 9,725
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,494

10,279

CREDITORS
Amounts falling due after more than one
year

6

(9,908

)

(10,000

)

PROVISIONS FOR LIABILITIES (74 ) (105 )
NET ASSETS 1,512 174

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,412 74
SHAREHOLDERS' FUNDS 1,512 174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STARKS ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC436566)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2023


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 director and authorised for issue on 30 August 2024 and were signed by:





Mr A Stark - Director


STARKS ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC436566)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Starks Engineering Services Ltd is a private company, limited by shares , registered in Scotland. 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 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 represents grossed invoice sale of engineering services, including value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% 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.

Debtors
Debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence that the asset is impaired

Cash and cash equivalent
Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account

Creditors
Creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due

STARKS ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC436566)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 3,396 2,769 6,165
DEPRECIATION
At 1 December 2022 2,880 2,731 5,611
Charge for year 129 38 167
At 30 November 2023 3,009 2,769 5,778
NET BOOK VALUE
At 30 November 2023 387 - 387
At 30 November 2022 516 38 554

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,258 196
Directors' current accounts 43,906 20,534
46,164 20,730

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,500 3,000
Tax 22,098 5,867
Accrued expenses 4,664 4,501
35,262 13,368

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 9,908 10,000

The bank loan is repayable in installments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

STARKS ENGINEERING SERVICES LTD (REGISTERED NUMBER: SC436566)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr A Stark
Balance outstanding at start of year 20,534 6,430
Amounts advanced 103,727 33,972
Amounts repaid (80,355 ) (19,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,906 20,534