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REGISTERED NUMBER: 04199249















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

STARLING AEROSPACE LIMITED

STARLING AEROSPACE LIMITED (REGISTERED NUMBER: 04199249)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STARLING AEROSPACE LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Ms C Wigg
S Swift





REGISTERED OFFICE: Stewart House
Brook Way
Leatherhead
KT22 7NA





REGISTERED NUMBER: 04199249





ACCOUNTANTS: The Hughes Consultancy
1 Golden Court
Richmond
Surrey
TW9 1EU

STARLING AEROSPACE LIMITED (REGISTERED NUMBER: 04199249)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,086 141,757

CURRENT ASSETS
Stocks 180,000 245,000
Debtors 5 665,208 486,526
Prepayments and accrued income 66,061 47,403
Cash at bank 48,762 57,828
960,031 836,757
CREDITORS
Amounts falling due within one year 6 651,566 490,773
NET CURRENT ASSETS 308,465 345,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,551

487,741

CREDITORS
Amounts falling due after more than one
year

7

34,054

262,500
NET ASSETS 462,497 225,241

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 462,397 225,141
SHAREHOLDERS' FUNDS 462,497 225,241

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

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

STARLING AEROSPACE LIMITED (REGISTERED NUMBER: 04199249)

BALANCE SHEET - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by:





Ms C Wigg - Director


STARLING AEROSPACE LIMITED (REGISTERED NUMBER: 04199249)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Starling Aerospace Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 10% on cost
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 23 ) .

STARLING AEROSPACE LIMITED (REGISTERED NUMBER: 04199249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 40,000 492,196 532,196
Additions - 113,843 113,843
Disposals - (4,306 ) (4,306 )
At 30 April 2024 40,000 601,733 641,733
DEPRECIATION
At 1 May 2023 40,000 350,439 390,439
Charge for year - 67,514 67,514
Eliminated on disposal - (4,306 ) (4,306 )
At 30 April 2024 40,000 413,647 453,647
NET BOOK VALUE
At 30 April 2024 - 188,086 188,086
At 30 April 2023 - 141,757 141,757

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 665,208 372,090
Other debtors - 114,436
665,208 486,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,189 30,000
Trade creditors 215,678 160,823
Taxation and social security 209,849 132,237
Other creditors 196,850 167,713
651,566 490,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 34,054 62,500
Other creditors - 200,000
34,054 262,500

STARLING AEROSPACE LIMITED (REGISTERED NUMBER: 04199249)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

8. RELATED PARTY DISCLOSURES

During the year, Mr S Swift, a Director of the Company, invested personal funds into the Company to assist with trading operations. The amount the Company owed to Mr S Swift as at 30 April 2024 was £86,083 (2023 : £330,471 )