Registered number
06586719
Little Stars (Deeside) Limited
Filleted Accounts
31 August 2024
Little Stars (Deeside) Limited
Registered number: 06586719
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 26,250 28,125
Tangible assets 4 105,024 110,112
131,274 138,237
Current assets
Debtors 5 27,473 27,568
Cash at bank and in hand 95,024 123,409
122,497 150,977
Creditors: amounts falling due within one year 6 (16,113) (10,332)
Net current assets 106,384 140,645
Total assets less current liabilities 237,658 278,882
Creditors: amounts falling due after more than one year 7 (10,708) (17,787)
Net assets 226,950 261,095
Capital and reserves
Called up share capital 18 18
Profit and loss account 226,932 261,077
Shareholders' funds 226,950 261,095
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ellen Lloyd-Wilson
Director
Approved by the board on 24 January 2025
Little Stars (Deeside) Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Property refurbishments over 50 years
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. . Current tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 33 33
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 37,500
At 31 August 2024 37,500
Amortisation
At 1 September 2023 9,375
Provided during the year 1,875
At 31 August 2024 11,250
Net book value
At 31 August 2024 26,250
At 31 August 2023 28,125
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 112,490 36,120 1,500 150,110
Additions - 299 - 299
Disposals - - (1,500) (1,500)
At 31 August 2024 112,490 36,419 - 148,909
Depreciation
At 1 September 2023 11,249 28,374 375 39,998
Charge for the year 2,250 2,012 - 4,262
On disposals - - (375) (375)
At 31 August 2024 13,499 30,386 - 43,885
Net book value
At 31 August 2024 98,991 6,033 - 105,024
At 31 August 2023 101,241 7,746 1,125 110,112
5 Debtors 2024 2023
£ £
Other debtors 27,473 27,568
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,359 7,359
Trade creditors - 96
Taxation and social security costs 7,854 1,680
Other creditors 900 1,197
16,113 10,332
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,708 17,787
8 Other information
Little Stars (Deeside) Limited is a private company limited by shares and incorporated in England. Its registered office is:
69 Third Avenue
Deeside Industrial Park
Deeside
Clwyd
CH5 2LA
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