2023-08-01 10908864 2024-07-31 10908864 2023-08-01 2024-07-31 10908864 2023-07-31 10908864 2022-08-01 2023-07-31 10908864 uk-core:WithinOneYear 2023-07-31 10908864 uk-core:WithinOneYear 2024-07-31 10908864 uk-core:AfterOneYear 2023-07-31 10908864 uk-core:AfterOneYear 2024-07-31 10908864 uk-core:ShareCapital 2024-07-31 10908864 uk-core:ShareCapital 2023-07-31 10908864 uk-bus:Director1 2023-08-01 2024-07-31 10908864 uk-bus:Director2 2023-08-01 2024-07-31 10908864 uk-core:PlantMachinery 2023-08-01 2024-07-31 10908864 uk-core:CommercialMotorVehicles 2023-08-01 2024-07-31 10908864 uk-core:CommercialMotorVehicles 2023-07-31 10908864 uk-core:PlantMachinery 2023-07-31 10908864 uk-core:PlantMachinery 2024-07-31 10908864 uk-core:CommercialMotorVehicles 2024-07-31 10908864 uk-core:AfterOneYear uk-core:Secured 2024-07-31 10908864 uk-core:AfterOneYear uk-core:Secured 2023-07-31 iso4217:GBP xbrli:pure 10908864 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10908864 uk-bus:FRS102 2023-08-01 2024-07-31 10908864 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 10908864 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
5 Star North East Ltd
Registered Number:10908864
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
5 Star North East Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
10908864
As at 31 July 2024
5 Star North East Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
20,859
27,812
2
20,859
27,812
Current assets
Inventories
36,800
102,790
3
5,049
Cash and cash equivalents
16,193
118,983
41,849
Trade and other payables: amounts falling due within one year
(47,159)
(131,172)
4
(5,310)
(12,189)
Net current liabilities
Total assets less current liabilities
8,670
22,502
Trade and other payables: amounts falling due after more than one
year
(22,500)
(8,668)
5
2
Net assets
2
Capital and reserves
Called up share capital
2
2
2
2
Shareholders' funds
For the year ended 31 July 2024 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 July 2024 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.
Metin Yardim Director
Mr Mustafa Yardim Director
These financial statements were approved and authorised for issue by the Board on 12 November 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 July 2024
5 Star North East Ltd
Notes to the Financial Statements
Statutory Information
5 Star North East Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10908864.
Registered address:
248 Westgate Road
Newcastle upon Tyne
NE4 6AQ
The presentation currency is £ sterling.
1. Accounting policies
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.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
25% Straight line
25% Straight line
Motor Vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 August 2023
66,890
45,915
20,975
At 31 July 2024
20,975
45,915
66,890
Provision for depreciation and impairment
At 01 August 2023
39,078
18,103
20,975
Charge for year
6,953
6,953
-
At 31 July 2024
46,031
25,056
20,975
At 31 July 2024
Net book value
-
20,859
20,859
At 31 July 2023
-
27,812
27,812
2 of 3
5
For the year ended 31 July 2024
5 Star North East Ltd
Notes to the Financial Statements Continued
Property, plant and equipment, 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:
3. Inventories
2023
2024
£
£
Stocks
102,790
36,800
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
-
8,184
Taxation and social security
5,594
5,305
Other creditors
125,578
33,670
131,172
47,159
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
8,668
22,500
6. Average number of persons employed
During the year the average number of employees was 5 (2023 : 3)
3 of 3