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REGISTERED NUMBER: 07829781 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

STAR HAT SOLUTIONS LIMITED

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAR HAT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R Asenov
J R Cwajna
T D R McLachlan
W T M Newton
C D Ward





REGISTERED OFFICE: 37-39 Southgate Street
Winchester
England
SO23 9EH





REGISTERED NUMBER: 07829781 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,276 16,276
Tangible assets 5 6,499 4,238
22,775 20,514

CURRENT ASSETS
Debtors 6 244,362 262,807
Cash at bank 102,091 171,229
346,453 434,036
CREDITORS
Amounts falling due within one year 7 102,506 144,362
NET CURRENT ASSETS 243,947 289,674
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,722

310,188

CREDITORS
Amounts falling due after more than
one year

8

19,098

40,703
NET ASSETS 247,624 269,485

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 124,750 124,750
Retained earnings 121,874 143,735
247,624 269,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

BALANCE SHEET - continued
30 APRIL 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 28 August 2024 and were signed on its behalf by:





C D Ward - Director


STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Star Hat Solutions 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 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 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 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.

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 are confident that future investment will be forthcoming to fund the company's software development activities.They consider that the use of the going concern basis in the preparation of these accounts is appropriate.

Judgments in applying accounting policies and key sources of estimation unc
The directors do apply their judgements in assessing the need for provisions, in particular those in relation to bad and doubtful debts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 16,276
NET BOOK VALUE
At 30 April 2024 16,276
At 30 April 2023 16,276

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 850 9,661 10,511
Additions - 6,236 6,236
At 30 April 2024 850 15,897 16,747
DEPRECIATION
At 1 May 2023 - 6,273 6,273
Charge for year - 3,975 3,975
At 30 April 2024 - 10,248 10,248
NET BOOK VALUE
At 30 April 2024 850 5,649 6,499
At 30 April 2023 850 3,388 4,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,324 116,824
Other debtors 124,038 145,983
244,362 262,807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,197 -
Trade creditors 1,360 1,303
Taxation and social security 79,211 75,893
Other creditors 15,738 67,166
102,506 144,362

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 19,098 40,703

9. RELATED PARTY DISCLOSURES

Throughout the year the following sums were owed by the directors: C Ward £251, W Newton £251. These amounts were still outstanding at the year end and included in sundry debtors.

STAR HAT SOLUTIONS LIMITED (REGISTERED NUMBER: 07829781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


10. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £27,539 (April 2023 -£13,653) . Contributions totalling £4,370 (April 2023 - £4,974) were payable to the fund at the reporting 36date and are included in creditors.

11. COMMITMENTS UNDER OPERATING LEASES

The Company had no commitments under non-cancellable operating leases at the reporting date.