Star Resilianz Ltd. 08612713 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of the retail of outdoor clothing and equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 08612713 2023-01-01 2023-12-31 08612713 2023-12-31 08612713 core:CurrentFinancialInstruments 2023-12-31 08612713 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08612713 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 08612713 bus:SmallEntities 2023-01-01 2023-12-31 08612713 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08612713 bus:FilletedAccounts 2023-01-01 2023-12-31 08612713 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08612713 bus:RegisteredOffice 2023-01-01 2023-12-31 08612713 bus:Director2 2023-01-01 2023-12-31 08612713 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08612713 countries:EnglandWales 2023-01-01 2023-12-31 08612713 2022-01-01 2022-12-31 08612713 2022-12-31 08612713 core:CurrentFinancialInstruments 2022-12-31 08612713 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08612713 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 08612713

Star Resilianz Ltd.

trading as TRC Outdoors


Unaudited Financial Statements

for the Year Ended 31 December 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Star Resilianz Ltd. trading as TRC Outdoors

Contents

Company Information

1

Statement of Financial Position

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Star Resilianz Ltd. trading as TRC Outdoors

Company Information

Director

B O'Toole

Registered office

Pilgrim Court
Stede Hill
Harrietsham
Maidstone
Kent
ME17 1NP

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Star Resilianz Ltd. trading as TRC Outdoors

Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

28,831

17,416

Debtors

5

447

344

Cash at bank and in hand

 

11,297

8,620

 

40,575

26,380

Creditors: Amounts falling due within one year

6

(103,195)

(104,324)

Total assets less current liabilities

 

(62,620)

(77,944)

Creditors: Amounts falling due after more than one year

6

(2,398)

(3,647)

Net liabilities

 

(65,018)

(81,591)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(65,020)

(81,593)

Shareholders' deficit

 

(65,018)

(81,591)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

 

Star Resilianz Ltd. trading as TRC Outdoors

Statement of Financial Position as at 31 December 2023

Approved and authorised by the director on 3 September 2024
 

.........................................

B O'Toole

Director

Company registration number: 08612713

 

Star Resilianz Ltd. trading as TRC Outdoors

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pilgrim Court
Stede Hill
Harrietsham
Maidstone
Kent
ME17 1NP

The principal activity of the company is that of the retail of outdoor clothing and equipment.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

At 31 December 2023 the company had net liabilities amounting to £65,018. At this date an amount of £95,686 was due to a related party who has agreed not to call for repayment until the company has sufficient working capital.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when retail goods are despatched to customers.

 

Star Resilianz Ltd. trading as TRC Outdoors

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

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

The current income 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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

 

Star Resilianz Ltd. trading as TRC Outdoors

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Stocks

2023
£

2022
£

Stock

28,831

17,416

5

Debtors

2023
£

2022
£

Trade debtors

442

339

Other debtors

5

5

447

344

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Bank loans and overdrafts

1,277

1,249

Trade creditors

-

311

Taxation and social security

503

449

Other creditors

101,415

102,315

103,195

104,324

Creditors: amounts falling due after more than one year

2023
£

2022
£

Bank borrowings

2,398

3,647