IRIS Accounts Production v24.1.0.578 SC619870 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6198702023-02-28SC6198702024-02-29SC6198702023-03-012024-02-29SC6198702022-02-28SC6198702022-03-012023-02-28SC6198702023-02-28SC619870ns15:Scotland2023-03-012024-02-29SC619870ns14:PoundSterling2023-03-012024-02-29SC619870ns10:Director12023-03-012024-02-29SC619870ns10:PrivateLimitedCompanyLtd2023-03-012024-02-29SC619870ns10:SmallEntities2023-03-012024-02-29SC619870ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-29SC619870ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-29SC619870ns10:FullAccounts2023-03-012024-02-29SC619870ns10:Director22023-03-012024-02-29SC619870ns10:Director32023-03-012024-02-29SC619870ns10:Director42023-03-012024-02-29SC619870ns10:RegisteredOffice2023-03-012024-02-29SC619870ns5:CurrentFinancialInstruments2024-02-29SC619870ns5:CurrentFinancialInstruments2023-02-28SC619870ns5:Non-currentFinancialInstruments2024-02-29SC619870ns5:Non-currentFinancialInstruments2023-02-28SC619870ns5:ShareCapital2024-02-29SC619870ns5:ShareCapital2023-02-28SC619870ns5:RetainedEarningsAccumulatedLosses2024-02-29SC619870ns5:RetainedEarningsAccumulatedLosses2023-02-28SC619870ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-29SC619870ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: SC619870 (Scotland)


















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

1 Star Events Limited

1 Star Events Limited (Registered number: SC619870)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


1 Star Events Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: S T Donnelly
M Guidi
M D Macleod
J Mcnamara





REGISTERED OFFICE: Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP





REGISTERED NUMBER: SC619870 (Scotland)





ACCOUNTANTS: Macleod Fulton
Scottcourt House
West Princes Street
Helensburgh
Argyll & Bute
G84 8BP

1 Star Events Limited (Registered number: SC619870)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,447 2,201
Cash at bank 59,575 70,667
61,022 72,868
CREDITORS
Amounts falling due within one year 5 49,117 54,265
NET CURRENT ASSETS 11,905 18,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,905

18,603

CREDITORS
Amounts falling due after more than one
year

6

11,879

17,721
NET ASSETS 26 882

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 21 877
26 882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 8 July 2024 and were signed on its behalf by:




M Guidi - Director


1 Star Events Limited (Registered number: SC619870)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

1 Star Events Limited is a private company, limited by shares , registered in Scotland. 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 1,447 2,201

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 1,979 -
Taxation and social security 32,327 35,539
Other creditors 8,811 12,726
49,117 54,265

1 Star Events Limited (Registered number: SC619870)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 11,879 17,721

7. CONTINGENT LIABILITIES

As at 29 February 2024 the company had no contingent liabilities (2023 - £nil).

8. CAPITAL COMMITMENTS

As at 29 February 2024 the company had no capital commitments (2023 - £nil).

9. RELATED PARTY DISCLOSURES

As at 29 February 2024 included within other creditors is a balance due to the directors, amounting to £5,657 (2023 - £1,996). The balance has no fixed repayment date and no interest is charged thereon.