Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08229317 Mr Paul Drake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08229317 2023-08-31 08229317 2024-08-31 08229317 2023-09-01 2024-08-31 08229317 frs-core:CurrentFinancialInstruments 2024-08-31 08229317 frs-core:Non-currentFinancialInstruments 2024-08-31 08229317 frs-core:ComputerEquipment 2024-08-31 08229317 frs-core:ComputerEquipment 2023-09-01 2024-08-31 08229317 frs-core:ComputerEquipment 2023-08-31 08229317 frs-core:FurnitureFittings 2024-08-31 08229317 frs-core:FurnitureFittings 2023-09-01 2024-08-31 08229317 frs-core:FurnitureFittings 2023-08-31 08229317 frs-core:ShareCapital 2024-08-31 08229317 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08229317 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08229317 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08229317 frs-bus:SmallEntities 2023-09-01 2024-08-31 08229317 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08229317 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08229317 frs-bus:Director1 2023-09-01 2024-08-31 08229317 frs-countries:EnglandWales 2023-09-01 2024-08-31 08229317 2022-08-31 08229317 2023-08-31 08229317 2022-09-01 2023-08-31 08229317 frs-core:CurrentFinancialInstruments 2023-08-31 08229317 frs-core:Non-currentFinancialInstruments 2023-08-31 08229317 frs-core:ShareCapital 2023-08-31 08229317 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 08229317
Whitestar Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Michael Paul Accountants Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Whitestar Systems Ltd for the year ended 31 August 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Whitestar Systems Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Whitestar Systems Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Whitestar Systems Ltd and state those matters that we have agreed to state to the director of Whitestar Systems Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitestar Systems Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Whitestar Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Whitestar Systems Ltd . You consider that Whitestar Systems Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Whitestar Systems Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23/09/2024
Michael Paul Accountants Limited
A member of the Association of Chartered Certified Accountants
Studio 2, Lamport Manor
Old Road, Lamport
Northampton
Northamptonshire
NN6 9HF
Page 1
Page 2
Balance Sheet
Registered number: 08229317
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9 203
9 203
CURRENT ASSETS
Debtors 5 1,165 692
Cash at bank and in hand 5,096 2,263
6,261 2,955
Creditors: Amounts Falling Due Within One Year 6 (78,990 ) (71,359 )
NET CURRENT ASSETS (LIABILITIES) (72,729 ) (68,404 )
TOTAL ASSETS LESS CURRENT LIABILITIES (72,720 ) (68,201 )
Creditors: Amounts Falling Due After More Than One Year 7 (889 ) (1,947 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2 ) (39 )
NET LIABILITIES (73,611 ) (70,187 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (73,612 ) (70,188 )
SHAREHOLDERS' FUNDS (73,611) (70,187)
Page 2
Page 3
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Drake
Director
23/09/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Whitestar Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08229317 . The registered office is 4 Redhill Crescent, Wollaston, Wellingborough, NN29 7SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The company is supported by a director's loan of £76,678 and the going concern basis is considered appropriate.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. 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 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.
...CONTINUED
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2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 1,000 4,821 5,821
As at 31 August 2024 1,000 4,821 5,821
Depreciation
As at 1 September 2023 830 4,788 5,618
Provided during the period 170 24 194
As at 31 August 2024 1,000 4,812 5,812
Net Book Value
As at 31 August 2024 - 9 9
As at 1 September 2023 170 33 203
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 974 320
Other debtors 191 372
1,165 692
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 146 145
Bank loans and overdrafts 1,086 1,114
Other creditors 77,758 70,100
78,990 71,359
Page 5
Page 6
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 889 1,947
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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