Registered number
09199425
Stargo Limited
Filleted Accounts
30 September 2024
Stargo Limited
Registered number: 09199425
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,102 3,280
Current assets
Debtors 4 144,762 101,786
Cash at bank and in hand 7,667 25,806
152,429 127,592
Creditors: amounts falling due within one year 5 (139,970) (79,529)
Net current assets 12,459 48,063
Total assets less current liabilities 16,561 51,343
Creditors: amounts falling due after more than one year 6 (40,667) (43,264)
Net (liabilities)/assets (24,106) 8,079
Capital and reserves
Called up share capital 100 100
Profit and loss account (24,206) 7,979
Shareholder's funds (24,106) 8,079
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Stephen Jomo Maphosa
Director
Approved by the board on 6 November 2024
Stargo Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 30 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 3,598 14,523 18,121
Additions 1,847 - 1,847
At 30 September 2024 5,445 14,523 19,968
Depreciation
At 1 October 2023 2,364 12,477 14,841
Charge for the year 616 409 1,025
At 30 September 2024 2,980 12,886 15,866
Net book value
At 30 September 2024 2,465 1,637 4,102
At 30 September 2023 1,234 2,046 3,280
4 Debtors 2024 2023
£ £
Trade debtors 97,862 (39,714)
Amounts owed by group undertakings and undertakings in which the company has a participating interest 44,500 141,500
Other debtors 2,400 -
144,762 101,786
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 72,210 60,757
Taxation and social security costs 77,999 21,773
Other creditors (10,239) (3,001)
139,970 79,529
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 40,667 43,264
7 Other information
Stargo Limited is a private company limited by shares and incorporated in England. Its registered office is:
174 Princes Park
Monor Royal Drive
N11 3FR
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