Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05333802 Mr Jon Gittins Mrs Sarah Gittins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05333802 2023-01-31 05333802 2024-01-31 05333802 2023-02-01 2024-01-31 05333802 frs-core:CurrentFinancialInstruments 2024-01-31 05333802 frs-core:Non-currentFinancialInstruments 2024-01-31 05333802 frs-core:ComputerEquipment 2024-01-31 05333802 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05333802 frs-core:ComputerEquipment 2023-01-31 05333802 frs-core:FurnitureFittings 2024-01-31 05333802 frs-core:FurnitureFittings 2023-02-01 2024-01-31 05333802 frs-core:FurnitureFittings 2023-01-31 05333802 frs-core:MotorVehicles 2024-01-31 05333802 frs-core:MotorVehicles 2023-02-01 2024-01-31 05333802 frs-core:MotorVehicles 2023-01-31 05333802 frs-core:ShareCapital 2024-01-31 05333802 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05333802 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05333802 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05333802 frs-bus:SmallEntities 2023-02-01 2024-01-31 05333802 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05333802 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05333802 frs-bus:Director1 2023-02-01 2024-01-31 05333802 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05333802 frs-countries:EnglandWales 2023-02-01 2024-01-31 05333802 2022-01-31 05333802 2023-01-31 05333802 2022-02-01 2023-01-31 05333802 frs-core:CurrentFinancialInstruments 2023-01-31 05333802 frs-core:Non-currentFinancialInstruments 2023-01-31 05333802 frs-core:ShareCapital 2023-01-31 05333802 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05333802
STAR IN A CAR LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05333802
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,246 142,517
113,246 142,517
CURRENT ASSETS
Debtors 5 34,354 74,718
Cash at bank and in hand 68,296 89,064
102,650 163,782
Creditors: Amounts Falling Due Within One Year 6 (10,308 ) (46,748 )
NET CURRENT ASSETS (LIABILITIES) 92,342 117,034
TOTAL ASSETS LESS CURRENT LIABILITIES 205,588 259,551
Creditors: Amounts Falling Due After More Than One Year 7 - (45,000 )
NET ASSETS 205,588 214,551
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 205,488 214,451
SHAREHOLDERS' FUNDS 205,588 214,551
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For the year ending 31 January 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 Jon Gittins
Director
17/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
1. STAR IN A CAR LTD is a private company, limited by shares, incorporated in England & Wales, registered number 05333802 . The registered office is 9 Beechfield, Grasscroft, Oldham, OL4 4EN.
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.
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.
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.
Revenue recognition
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 377,276 745 14,762 392,783
Additions 7,525 - 1,058 8,583
As at 31 January 2024 384,801 745 15,820 401,366
Depreciation
As at 1 February 2023 237,830 745 11,691 250,266
Provided during the period 36,743 - 1,111 37,854
As at 31 January 2024 274,573 745 12,802 288,120
Net Book Value
As at 31 January 2024 110,228 - 3,018 113,246
As at 1 February 2023 139,446 - 3,071 142,517
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,605 50,983
Prepayments and accrued income 749 7,902
VAT - 15,833
34,354 74,718
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Corporation tax 3,298 44,963
VAT 3,891 -
Accruals and deferred income 3,120 1,785
10,308 46,748
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Car loan - 45,000
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 55,627 71,476
11. Related Party Transactions
The company was under the control of the director throughout the current and previous year. Mr Gittins is the managing director and sole shareholder of the company. During the year the company paid Mr Gittins £1,500 (PY:£1,500)as a contribution towards the cost of operating the business from his private premises.
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