IRIS Accounts Production v24.3.0.553 09419413 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094194132023-03-31094194132024-03-31094194132023-04-012024-03-31094194132022-03-31094194132022-04-012023-03-31094194132023-03-3109419413ns15:EnglandWales2023-04-012024-03-3109419413ns14:PoundSterling2023-04-012024-03-3109419413ns10:Director12023-04-012024-03-3109419413ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109419413ns10:SmallEntities2023-04-012024-03-3109419413ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109419413ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109419413ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109419413ns10:FullAccounts2023-04-012024-03-310941941312023-04-012024-03-3109419413ns10:Director22023-04-012024-03-3109419413ns10:CompanySecretary12023-04-012024-03-3109419413ns10:RegisteredOffice2023-04-012024-03-3109419413ns5:CurrentFinancialInstruments2024-03-3109419413ns5:CurrentFinancialInstruments2023-03-3109419413ns5:Non-currentFinancialInstruments2024-03-3109419413ns5:Non-currentFinancialInstruments2023-03-3109419413ns5:ShareCapital2024-03-3109419413ns5:ShareCapital2023-03-3109419413ns5:RetainedEarningsAccumulatedLosses2024-03-3109419413ns5:RetainedEarningsAccumulatedLosses2023-03-3109419413ns5:NetGoodwill2023-04-012024-03-3109419413ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109419413ns5:PlantMachinery2023-04-012024-03-3109419413ns5:NetGoodwill2023-03-3109419413ns5:NetGoodwill2024-03-3109419413ns5:NetGoodwill2023-03-3109419413ns5:LandBuildings2023-03-3109419413ns5:PlantMachinery2023-03-3109419413ns5:LandBuildings2023-04-012024-03-3109419413ns5:LandBuildings2024-03-3109419413ns5:PlantMachinery2024-03-3109419413ns5:LandBuildings2023-03-3109419413ns5:PlantMachinery2023-03-3109419413ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109419413ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 09419413 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Starwarz Limited

Starwarz Limited (Registered number: 09419413)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Starwarz Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H A Asher
E C Asher





SECRETARY: E C Asher





REGISTERED OFFICE: The Bircham Centre
The Market Place
Reepham
Norwich
Norfolk
NR10 4JJ





REGISTERED NUMBER: 09419413 (England and Wales)





ACCOUNTANTS: Boldero & Co.
The Bircham Centre
The Market Place
Reepham
Norwich
Norfolk
NR10 4JJ

Starwarz Limited (Registered number: 09419413)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 487,500 525,000
Tangible assets 5 705,493 714,006
1,192,993 1,239,006

CURRENT ASSETS
Stocks 34,865 10,790
Debtors 6 4,791 15,596
Cash at bank and in hand 193,096 140,010
232,752 166,396
CREDITORS
Amounts falling due within one year 7 245,534 226,477
NET CURRENT LIABILITIES (12,782 ) (60,081 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,211

1,178,925

CREDITORS
Amounts falling due after more than one
year

8

618,952

628,022
NET ASSETS 561,259 550,903

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 561,159 550,803
SHAREHOLDERS' FUNDS 561,259 550,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Starwarz Limited (Registered number: 09419413)

Balance Sheet - continued
31 March 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 3 October 2024 and were signed on its behalf by:





H A Asher - Director


Starwarz Limited (Registered number: 09419413)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Starwarz 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

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.

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 reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Starwarz Limited (Registered number: 09419413)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 750,000
AMORTISATION
At 1 April 2023 225,000
Charge for year 37,500
At 31 March 2024 262,500
NET BOOK VALUE
At 31 March 2024 487,500
At 31 March 2023 525,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 632,017 284,933 916,950
Additions - 9,855 9,855
At 31 March 2024 632,017 294,788 926,805
DEPRECIATION
At 1 April 2023 - 202,944 202,944
Charge for year - 18,368 18,368
At 31 March 2024 - 221,312 221,312
NET BOOK VALUE
At 31 March 2024 632,017 73,476 705,493
At 31 March 2023 632,017 81,989 714,006

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,791 15,596

Starwarz Limited (Registered number: 09419413)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 85,242 61,516
Taxation and social security 53,133 64,515
Other creditors 107,159 100,446
245,534 226,477

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 479,307 527,291
Other creditors 139,645 100,731
618,952 628,022

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 479,307 527,291