Company Registration No. 04546377 (England and Wales)
Star Bikes Limited
Unaudited accounts
for the year ended 30 September 2024
Star Bikes Limited
Unaudited accounts
Contents
Star Bikes Limited
Company Information
for the year ended 30 September 2024
Company Number
04546377 (England and Wales)
Registered Office
204 WILLERBY ROAD
HULL
EAST YORKSHIRE
HU5 5JW
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Star Bikes Limited
Statement of financial position
as at 30 September 2024
Tangible assets
6,547
8,184
Cash at bank and in hand
-
14,078
Creditors: amounts falling due within one year
(66,720)
(76,402)
Net current assets
27,789
34,782
Total assets less current liabilities
34,336
42,966
Creditors: amounts falling due after more than one year
(19,713)
(23,588)
Called up share capital
100
100
Profit and loss account
14,523
19,278
Shareholders' funds
14,623
19,378
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 7 February 2025 and were signed on its behalf by
Mr R Irwin
Director
Company Registration No. 04546377
Star Bikes Limited
Notes to the Accounts
for the year ended 30 September 2024
Star Bikes Limited is a private company, limited by shares, registered in England and Wales, registration number 04546377. The registered office is 204 WILLERBY ROAD, HULL, EAST YORKSHIRE, HU5 5JW.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
15% on reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Star Bikes Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
At 30 September 2024
20,057
At 30 September 2024
13,510
At 30 September 2024
6,547
At 30 September 2023
8,184
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,744
-
Taxes and social security
-
1,642
Other creditors
60,976
71,580
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
19,713
23,588
The company is under the control of Mr R Irwin, the sole director and shareholder of the company.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).