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Company Registration No. 01989796 (England and Wales)
Sweetstar Trading Limited Unaudited accounts for the year ended 31 May 2024
Sweetstar Trading Limited Unaudited accounts Contents
Page
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Sweetstar Trading Limited Company Information for the year ended 31 May 2024
Directors
Mr Ilir Havolli Mr Enes Havolli
Secretary
Mr Ilir Havolli
Company Number
01989796 (England and Wales)
Registered Office
2a Phillimore Gardens London W8 7QB
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Sweetstar Trading Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,528 
5,181 
Current assets
Inventories
10,000 
10,000 
Debtors
40,261 
37,277 
Cash at bank and in hand
71,251 
127,972 
121,512 
175,249 
Creditors: amounts falling due within one year
(92,783)
(107,236)
Net current assets
28,729 
68,013 
Total assets less current liabilities
34,257 
73,194 
Creditors: amounts falling due after more than one year
(10,025)
(19,284)
Provisions for liabilities
Deferred tax
(1,382)
(1,295)
Net assets
22,850 
52,615 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,750 
52,515 
Shareholders' funds
22,850 
52,615 
For the year ending 31 May 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 7 February 2025 and were signed on its behalf by
Mr Ilir Havolli Director Company Registration No. 01989796
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Sweetstar Trading Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Sweetstar Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 01989796. The registered office is 2a Phillimore Gardens, London, W8 7QB.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
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:
Plant & machinery
over 4 years
Fixtures & fittings
over 4 years
Computer equipment
over 4 years
Other tangible fixed assets
over 4 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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Sweetstar Trading Limited Notes to the Accounts for the year ended 31 May 2024
Deferred taxation
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.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
37,290 
16,741 
11,155 
65,186 
Additions
2,855 
- 
424 
3,279 
At 31 May 2024
40,145 
16,741 
11,579 
68,465 
Depreciation
At 1 June 2023
33,882 
16,385 
9,738 
60,005 
Charge for the year
1,838 
355 
739 
2,932 
At 31 May 2024
35,720 
16,740 
10,477 
62,937 
Net book value
At 31 May 2024
4,425 
1 
1,102 
5,528 
At 31 May 2023
3,408 
356 
1,417 
5,181 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,263 
- 
Accrued income and prepayments
8,938 
8,990 
Other debtors
28,060 
28,287 
40,261 
37,277 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,009 
14,420 
VAT
42,545 
41,319 
Trade creditors
31,994 
32,626 
Taxes and social security
45,342 
59,256 
Other creditors
18,120 
119 
Loans from directors
(62,879)
(41,774)
Accruals
7,652 
1,270 
92,783 
107,236 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,025 
19,284 
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Sweetstar Trading Limited Notes to the Accounts for the year ended 31 May 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Ilir Havolli
Interest free loan
(1,469)
22,533 
- 
21,064 
Mr Enes Havolli
Interest free loan
43,243 
- 
1,428 
41,815 
41,774 
22,533 
1,428 
62,879 
9
Average number of employees
During the year the average number of employees was 20 (2023: 19).
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