Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01truetruefalseNo description of principal activity22true 11202569 2023-03-01 2024-02-29 11202569 2022-03-01 2023-02-28 11202569 2024-02-29 11202569 2023-02-28 11202569 c:Director1 2023-03-01 2024-02-29 11202569 d:CurrentFinancialInstruments 2024-02-29 11202569 d:CurrentFinancialInstruments 2023-02-28 11202569 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11202569 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11202569 d:ShareCapital 2024-02-29 11202569 d:ShareCapital 2023-02-28 11202569 c:EntityHasNeverTraded 2023-03-01 2024-02-29 11202569 c:FRS102 2023-03-01 2024-02-29 11202569 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11202569 c:FullAccounts 2023-03-01 2024-02-29 11202569 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11202569 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 11202569









SOULSTAR IMPORTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
SOULSTAR IMPORTS LIMITED
REGISTERED NUMBER: 11202569

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
100
100

Cash at bank and in hand
 5 
-
127

  
100
227

Creditors: amounts falling due within one year
 6 
-
(127)

Net current assets
  
 
 
100
 
 
100

Total assets less current liabilities
  
100
100

  

Net assets
  
100
100


Capital and reserves
  

Called up share capital 
  
100
100

  
100
100


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 November 2024.


C S Bajaj
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
SOULSTAR IMPORTS LIMITED
REGISTERED NUMBER: 11202569
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024


Page 2

 
SOULSTAR IMPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Soulstar Imports Limited is a private limited company incorporated and domiciled in England.  Its registered office is situated at Cromwell House, 68 West Gate, Mansfield, Nottinghamshire NG18 1RR.  Its principal place of business is The James Darby Building, Lowmoor Business Park, Kirkby-in-Ashfield, Nottinghamshire NG17 7LA.
The company has not yet commenced trading.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

 
2.2

Going concern

The company relies on other companies controlled by the directors for financial support.  No indications have been given that suggest this support will be withdrawn in the foreseeable future.
At the date of approval of the financial statements, there remains a degree of uncertainty over the full economic impact of cost of living and wider geopolitical issues. The directors understand that the company may be affected to some degree by general economic factors in the UK and continue to monitor the position closely, however believe that the company will continue at its current level of activity, subject to the continued support from the other companies controlled by the directors.
The directors believe it is appropriate to adopt the going concern basis of preparation of the financial statements.

Page 3

 
SOULSTAR IMPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the company's Balance sheet 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

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

Page 4

 
SOULSTAR IMPORTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Other debtors
100
100



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
127



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
-
127

Accruals and deferred income
-
-

-
127



7.


Related party transactions

Payments have been made on behalf of the company during the year by other companies under common control of the directors of this company. £nil (2023 - £127) is outstanding at the balance sheet date in respect of these transactions, included within other creditors falling due within one year.

 
Page 5