Company Registration No. 02602121 (England and Wales)
NEW STAR DOOR CONTROLS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
Star House
Star Hill
Rochester
Kent
ME1 1UX
NEW STAR DOOR CONTROLS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8
NEW STAR DOOR CONTROLS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
30,845
31,350
Current assets
Stocks
512,087
530,702
Debtors
4
199,531
207,629
Cash at bank and in hand
38,808
56,864
750,426
795,195
Creditors: amounts falling due within one year
5
(154,674)
(195,929)
Net current assets
595,752
599,266
Total assets less current liabilities
626,597
630,616
Provisions for liabilities
(7,711)
(5,957)
Net assets
618,886
624,659
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
618,686
624,459
Total equity
618,886
624,659

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

NEW STAR DOOR CONTROLS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 September 2024 and are signed on its behalf by:
Mr T C Staff
Director
Company registration number 02602121 (England and Wales)
NEW STAR DOOR CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

New Star Door Controls Limited is a private company limited by shares incorporated in England and Wales. The registered office is Star House, Star Hill, Rochester, Kent, ME1 1UX. The trading address is Unit 2, Block A, Lion Business Park, Dering Way, Gravesend, Kent, DA12 2DN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
-15% straight line
Plant and equipment
-15% straight line
Fixtures and fittings
-33% straight line
Motor vehicles
-25% straight line
Office equipment
-33% straight line
NEW STAR DOOR CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

NEW STAR DOOR CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

NEW STAR DOOR CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 6 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

NEW STAR DOOR CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
8
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Office equipment
Total
£
£
£
£
£
£
Cost
At 1 April 2023
25,198
66,952
16,210
1,600
28,858
138,818
Additions
-
0
7,918
-
0
-
0
2,327
10,245
At 31 March 2024
25,198
74,870
16,210
1,600
31,185
149,063
Depreciation and impairment
At 1 April 2023
21,084
49,100
15,236
667
21,382
107,468
Depreciation charged in the year
1,680
5,288
284
400
3,098
10,750
At 31 March 2024
22,764
54,387
15,520
1,067
24,480
118,218
Carrying amount
At 31 March 2024
2,434
20,483
690
533
6,705
30,845
At 31 March 2023
4,114
17,853
974
933
7,476
31,350
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
134,004
126,381
Other debtors
65,527
81,248
199,531
207,629
NEW STAR DOOR CONTROLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
96,693
153,451
Corporation tax
10,571
1,015
Other taxation and social security
34,201
29,157
Other creditors
8,765
6,272
Accruals and deferred income
4,444
6,034
154,674
195,929

Barclays Bank PLC holds security over the above sales financing account by way of a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

6
Operating lease commitments
Leases

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Within one year
42,321
42,321
Between two and five years
74,062
116,383
134,063
158,704
2024-03-312023-04-01false25 September 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr John H BullockMr Toby StaffMr J H Bullockfalsefalse026021212023-04-012024-03-31026021212024-03-31026021212023-03-3102602121core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-03-3102602121core:PlantMachinery2024-03-3102602121core:FurnitureFittings2024-03-3102602121core:MotorVehicles2024-03-3102602121core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-3102602121core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-03-3102602121core:PlantMachinery2023-03-3102602121core:FurnitureFittings2023-03-3102602121core:MotorVehicles2023-03-3102602121core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-3102602121core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3102602121core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3102602121core:CurrentFinancialInstruments2024-03-3102602121core:CurrentFinancialInstruments2023-03-3102602121core:ShareCapital2024-03-3102602121core:ShareCapital2023-03-3102602121core:RetainedEarningsAccumulatedLosses2024-03-3102602121core:RetainedEarningsAccumulatedLosses2023-03-3102602121bus:Director12023-04-012024-03-3102602121core:LandBuildingscore:LongLeaseholdAssets2023-04-012024-03-3102602121core:PlantMachinery2023-04-012024-03-3102602121core:FurnitureFittings2023-04-012024-03-3102602121core:MotorVehicles2023-04-012024-03-3102602121core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-012024-03-31026021212022-04-012023-03-3102602121core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-03-3102602121core:PlantMachinery2023-03-3102602121core:FurnitureFittings2023-03-3102602121core:MotorVehicles2023-03-3102602121core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-31026021212023-03-3102602121core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-04-012024-03-3102602121core:WithinOneYear2024-03-3102602121core:WithinOneYear2023-03-3102602121core:BetweenTwoFiveYears2024-03-3102602121core:BetweenTwoFiveYears2023-03-3102602121bus:PrivateLimitedCompanyLtd2023-04-012024-03-3102602121bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102602121bus:FRS1022023-04-012024-03-3102602121bus:AuditExemptWithAccountantsReport2023-04-012024-03-3102602121bus:Director22023-04-012024-03-3102602121bus:CompanySecretary12023-04-012024-03-3102602121bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP