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Registered number: 12016089
Astarte Collective Ibiza Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
LK & Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12016089
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,056 1,745
Tangible Assets 5 3,774 4,269
5,830 6,014
CURRENT ASSETS
Stocks 6 26,391 21,901
Cash at bank and in hand 100 1,048
26,491 22,949
Creditors: Amounts Falling Due Within One Year 7 (70,552 ) (54,514 )
NET CURRENT ASSETS (LIABILITIES) (44,061 ) (31,565 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,231 ) (25,551 )
NET LIABILITIES (38,231 ) (25,551 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (38,241 ) (25,561 )
SHAREHOLDERS' FUNDS (38,231) (25,551)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
G Badrudin
Director
25/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Astarte Collective Ibiza Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12016089 . The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 June 2023 2,200
Additions 927
As at 31 May 2024 3,127
Amortisation
As at 1 June 2023 455
Provided during the period 616
As at 31 May 2024 1,071
Net Book Value
As at 31 May 2024 2,056
As at 1 June 2023 1,745
Page 3
Page 4
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 June 2023 4,492
Additions 494
As at 31 May 2024 4,986
Depreciation
As at 1 June 2023 223
Provided during the period 989
As at 31 May 2024 1,212
Net Book Value
As at 31 May 2024 3,774
As at 1 June 2023 4,269
6. Stocks
2024 2023
£ £
Stock 26,391 21,901
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 120 206
Other loans 42,670 42,670
Other creditors 27,762 11,638
70,552 54,514
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4