Company Registration No. 14219374 (England and Wales)
Starlight Oil Heating Services Ltd
Unaudited accounts
for the year ended 31 July 2024
Starlight Oil Heating Services Ltd
Unaudited accounts
Contents
Starlight Oil Heating Services Ltd
Company Information
for the year ended 31 July 2024
Directors
Karl Martin
Louise Claire Thacker
Company Number
14219374 (England and Wales)
Registered Office
25 Cleveland
Bradville
Milton Keynes
MK13 7AZ
England
Starlight Oil Heating Services Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
8,000
9,000
Tangible assets
27,811
12,468
Cash at bank and in hand
41,858
44,423
Creditors: amounts falling due within one year
(46,603)
(73,977)
Net current assets/(liabilities)
2,474
(19,545)
Total assets less current liabilities
38,285
1,923
Creditors: amounts falling due after more than one year
(11,510)
-
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
21,378
1,823
Shareholders' funds
21,478
1,923
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Karl Martin
Director
Company Registration No. 14219374
Starlight Oil Heating Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
Starlight Oil Heating Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 14219374. The registered office is 25 Cleveland, Bradville, Milton Keynes, MK13 7AZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Starlight Oil Heating Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
15,000
624
15,624
Disposals
(15,000)
-
(15,000)
At 31 July 2024
29,463
624
30,087
At 1 August 2023
3,000
156
3,156
Charge for the year
3,964
156
4,120
On disposals
(5,000)
-
(5,000)
At 31 July 2024
1,964
312
2,276
At 31 July 2024
27,499
312
27,811
At 31 July 2023
12,000
468
12,468
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Starlight Oil Heating Services Ltd
Notes to the Accounts
for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,598
-
Trade creditors
15,994
29,328
Taxes and social security
4,090
8,042
Loans from directors
19,453
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,510
-
9
Deferred taxation
2024
2023
Accelerated capital allowances
5,297
-
Charged to the profit and loss account
5,297
-
Provision at end of year
5,297
-
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).