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REGISTERED NUMBER: 03504305 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Brightstar Shotblasting & Coatings
Limited

Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Brightstar Shotblasting & Coatings
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: F Handley
A J Handley





SECRETARY: H Handley





REGISTERED OFFICE: 49 Heather Lea Avenue
Sheffield
S17 3DL





REGISTERED NUMBER: 03504305 (England and Wales)





ACCOUNTANTS: Heather Lea Business Services
49 Heather Lea Avenue
Sheffield
S17 3DL

Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,816 103,174

CURRENT ASSETS
Stocks 3,500 8,000
Debtors 5 236,777 388,437
Cash at bank 55,539 13,881
295,816 410,318
CREDITORS
Amounts falling due within one year 6 291,957 422,016
NET CURRENT ASSETS/(LIABILITIES) 3,859 (11,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,675

91,476

CREDITORS
Amounts falling due after more than one
year

7

58,297

80,928
NET ASSETS 37,378 10,548

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 36,378 9,548
SHAREHOLDERS' FUNDS 37,378 10,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Balance Sheet - continued
31 May 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 10 February 2025 and were signed on its behalf by:




F Handley - Director



A J Handley - Director


Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Brightstar Shotblasting & Coatings 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 Income Statement, 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.

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.

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.

Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 211,763 8,947 26,883 15,979 263,572
Additions 6,850 - - - 6,850
At 31 May 2024 218,613 8,947 26,883 15,979 270,422
DEPRECIATION
At 1 June 2023 122,970 7,833 15,541 14,054 160,398
Charge for year 14,347 167 2,836 858 18,208
At 31 May 2024 137,317 8,000 18,377 14,912 178,606
NET BOOK VALUE
At 31 May 2024 81,296 947 8,506 1,067 91,816
At 31 May 2023 88,793 1,114 11,342 1,925 103,174

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 205,441 197,750
Amounts owed by participating interests - 151,265
Other debtors 31,336 39,422
236,777 388,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,000 -
Trade creditors 60,635 110,582
Amounts owed to group undertakings - 104,794
Taxation and social security 62,800 46,831
Other creditors 163,522 159,809
291,957 422,016

Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 38,188 49,786
Other creditors 20,109 31,142
58,297 80,928

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,188 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 June 2023 9,548
Profit for the year 26,830
At 31 May 2024 36,378

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
F Handley
Balance outstanding at start of year 15,397 15,024
Amounts advanced 663 373
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,060 15,397

Brightstar Shotblasting & Coatings
Limited (Registered number: 03504305)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A J Handley
Balance outstanding at start of year 967 (33 )
Amounts advanced 572 1,000
Amounts repaid (1,375 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 164 967

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F Handley.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brightstar Shotblasting & Coatings
Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brightstar Shotblasting & Coatings Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brightstar Shotblasting & Coatings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brightstar Shotblasting & Coatings Limited and state those matters that we have agreed to state to the Board of Directors of Brightstar Shotblasting & Coatings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brightstar Shotblasting & Coatings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brightstar Shotblasting & Coatings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brightstar Shotblasting & Coatings Limited. You consider that Brightstar Shotblasting & Coatings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brightstar Shotblasting & Coatings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Heather Lea Business Services
49 Heather Lea Avenue
Sheffield
S17 3DL


10 February 2025