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
Sweetstar Trading Limited
Company Information
for the year ended 31 May 2024
Directors
Mr Ilir Havolli
Mr Enes 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
Sweetstar Trading Limited
Statement of financial position
as at 31 May 2024
Tangible assets
5,528
5,181
Cash at bank and in hand
71,251
127,972
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)
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
Sweetstar Trading Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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 have been valued at the lower of cost and estimated selling price.
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.
Sweetstar Trading Limited
Notes to the Accounts
for the year ended 31 May 2024
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
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
At 31 May 2024
4,425
1
1,102
5,528
At 31 May 2023
3,408
356
1,417
5,181
Amounts falling due within one year
Accrued income and prepayments
8,938
8,990
Other debtors
28,060
28,287
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,009
14,420
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)
7
Creditors: amounts falling due after more than one year
2024
2023
Sweetstar Trading Limited
Notes to the Accounts
for the year ended 31 May 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan
(1,469)
22,533
-
21,064
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).