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REGISTERED NUMBER: 01084912 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Starrant Limited

Starrant Limited (Registered number: 01084912)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Starrant Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P J Dillon
S W Dillon





SECRETARY: C J Wallace





REGISTERED OFFICE: Sadler House
Lichfield Road
Brownhills
Walsall
West Midlands
WS8 6LH





REGISTERED NUMBER: 01084912 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Starrant Limited (Registered number: 01084912)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196,765 171,796

CURRENT ASSETS
Stocks 93,000 92,667
Debtors 5 1,714,738 1,500,055
Cash at bank and in hand 529 174,858
1,808,267 1,767,580
CREDITORS
Amounts falling due within one year 6 1,080,754 1,017,370
NET CURRENT ASSETS 727,513 750,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,278

922,006

CREDITORS
Amounts falling due after more than one
year

7

(579,545

)

(641,037

)

PROVISIONS FOR LIABILITIES (48,658 ) (23,967 )
NET ASSETS 296,075 257,002

CAPITAL AND RESERVES
Called up share capital 11 18,853 18,853
Capital redemption reserve 6,249 6,249
Retained earnings 270,973 231,900
SHAREHOLDERS' FUNDS 296,075 257,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Starrant Limited (Registered number: 01084912)

Balance Sheet - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





P J Dillon - Director


Starrant Limited (Registered number: 01084912)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Starrant Limited is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about Starrant Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoices. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 35% on reducing balance and 30% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Starrant Limited (Registered number: 01084912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 July 2023 25,996 55,999 262,082 344,077
Additions - 1,045 104,168 105,213
Disposals - - (39,767 ) (39,767 )
At 30 June 2024 25,996 57,044 326,483 409,523
DEPRECIATION
At 1 July 2023 24,038 53,927 94,316 172,281
Charge for year 560 212 72,192 72,964
Eliminated on disposal - - (32,487 ) (32,487 )
At 30 June 2024 24,598 54,139 134,021 212,758
NET BOOK VALUE
At 30 June 2024 1,398 2,905 192,462 196,765
At 30 June 2023 1,958 2,072 167,766 171,796

Starrant Limited (Registered number: 01084912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 172,496
Additions 89,168
Disposals (20,500 )
Reclassification/transfer 58,266
At 30 June 2024 299,430
DEPRECIATION
At 1 July 2023 68,982
Charge for year 69,280
Eliminated on disposal (15,034 )
Reclassification/transfer 554
At 30 June 2024 123,782
NET BOOK VALUE
At 30 June 2024 175,648
At 30 June 2023 103,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 740,476 752,742
Amounts owed by group undertakings 928,154 714,607
Other debtors 46,108 32,706
1,714,738 1,500,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 85,781 38,000
Hire purchase contracts (see note 9) 64,582 53,185
Trade creditors 765,604 642,973
Taxation and social security 47,202 33,066
Other creditors 117,585 250,146
1,080,754 1,017,370

Starrant Limited (Registered number: 01084912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 34,834 72,834
Hire purchase contracts (see note 9) 99,711 103,203
Other creditors 445,000 465,000
579,545 641,037

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 47,781 -
Bank loans 38,000 38,000
85,781 38,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 34,834 72,834

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 64,582 53,185
Between one and five years 99,711 103,203
164,293 156,388


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 47,781 -
Bank loans 72,834 110,834
Hire purchase contracts 164,293 156,388
284,908 267,222

Starrant Limited (Registered number: 01084912)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
18,752 Ordinary shares £1 18,752 18,752
100 Ordinary B shares £1 100 100
1 Ordinary C shares £1 1 1
18,853 18,853