Registered Number:04271859 |
For the year ended 31 October 2023
England and Wales
Report of the Directors and Financial Statements
For the year ended 31 October 2023
7 Star Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
7 Star Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
64,316
43,051
2
64,316
43,051
1,910,000
1,935,000
3
Trade and other receivables |
88,463
65,249
4
3,890
Cash and cash equivalents |
21,184
2,021,433
2,002,353
Trade and other payables: amounts falling due within one |
year |
(1,252,848)
(1,368,725)
5
749,505
652,708
Net current assets
Total assets less current liabilities |
717,024
792,556
Trade and other payables: amounts falling due after more |
than one year |
(396,192)
(316,121)
6
400,903
Net assets
396,364
100
100
400,803
396,264
400,903
396,364
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Miss Nancy Grover Director |
These financial statements were approved and authorised for issue by the Board on 22 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 October 2023
7 Star Ltd
Notes to the Financial Statements
Statutory Information
7 Star Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
04271859. |
Principal place of business: |
Unit 4 Swallowfield Way
Hayes
Middlesex
UB3 1AW
Top Floor 866-868
Uxbridge Road
Hayes
Middlesex
UB4 0RR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
2 of 4
For the year ended 31 October 2023
7 Star Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
193,010
74,708
92,046
26,256
41,948
-
41,948
-
26,256
133,994
74,708
234,958
Provision for depreciation and impairment |
149,959
63,406
61,194
25,359
Charge for year
20,683
2,260
18,199
224
170,642
65,666
79,393
25,583
673
54,601
9,042
64,316
897
30,852
11,302
43,051
2022
2023
1,935,000
1,910,000
4. Trade and other receivables |
2022
2023
25,802
61,380
39,447
27,083
88,463
65,249
The debtors above include the following amounts falling due after more than one year: |
6,000
6,000
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For the year ended 31 October 2023
7 Star Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
59,651
97,363
646,220
613,093
Taxation and social security |
62,848
117,784
600,006
424,608
1,368,725
1,252,848
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
311,921
391,992
4,200
4,200
316,121
396,192
7. Related party transactions |
During the year, the company has paid director's remunerations of £15,670 (£15,546 - 2022) and voted an equity |
dividends of £6,000 (£9,000 - 2022) to Miss. Nancy Grover. |
8. Average number of persons employed |
During the year the average number of employees was 10 (2022 : 12)
4 of 4