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REGISTERED NUMBER: 02817957 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STARDOM LIMITED

STARDOM LIMITED (REGISTERED NUMBER: 02817957)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


STARDOM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr G McDermott
Mrs N McDermott





REGISTERED OFFICE: Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH





REGISTERED NUMBER: 02817957 (England and Wales)





ACCOUNTANTS: Poole Waterfield Limited
Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 913,700 703,305

CURRENT ASSETS
Debtors 5 2,439,730 2,974,957
Cash at bank 1,483,542 824,174
3,923,272 3,799,131
CREDITORS
Amounts falling due within one year 6 1,697,441 2,171,714
NET CURRENT ASSETS 2,225,831 1,627,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,139,531

2,330,722

CREDITORS
Amounts falling due after more than one
year

7

(24,000

)

(2,850

)

PROVISIONS FOR LIABILITIES 10 (176,970 ) (157,087 )
NET ASSETS 2,938,561 2,170,785

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 49 49
Retained earnings 2,938,461 2,170,685
SHAREHOLDERS' FUNDS 2,938,561 2,170,785

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.

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Mr G McDermott - Director


STARDOM LIMITED (REGISTERED NUMBER: 02817957)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Stardom 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 15% on cost
Plant and machinery - 20% on cost and 20% on reducing balance
Fixtures and fittings - 25% on reducing balance and 20% on cost
Motor vehicles - 20% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Work in progress
Work in progress is valued on an estimated proportion of work done at the balance sheet date and is included in debtors.

Software development costs
Software development costs are written off to the the Income Statements as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 121,117 589,500 26,333 518,102 1,255,052
Additions 17,363 264,233 3,285 414,435 699,316
Disposals - (220,500 ) - (196,430 ) (416,930 )
At 31 May 2024 138,480 633,233 29,618 736,107 1,537,438
DEPRECIATION
At 1 June 2023 71,921 258,062 14,583 207,181 551,747
Charge for year 16,755 64,970 3,595 133,292 218,612
Eliminated on disposal - (79,380 ) - (67,241 ) (146,621 )
At 31 May 2024 88,676 243,652 18,178 273,232 623,738
NET BOOK VALUE
At 31 May 2024 49,804 389,581 11,440 462,875 913,700
At 31 May 2023 49,196 331,438 11,750 310,921 703,305

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 220,500 137,395 357,895
Additions 258,000 - 258,000
Disposals (220,500 ) (33,500 ) (254,000 )
Transfer to ownership - (67,395 ) (67,395 )
At 31 May 2024 258,000 36,500 294,500
DEPRECIATION
At 1 June 2023 79,380 47,910 127,290
Charge for year 51,600 7,300 58,900
Eliminated on disposal (79,380 ) (16,348 ) (95,728 )
Transfer to ownership - (24,262 ) (24,262 )
At 31 May 2024 51,600 14,600 66,200
NET BOOK VALUE
At 31 May 2024 206,400 21,900 228,300
At 31 May 2023 141,120 89,485 230,605

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,128,011 2,360,540
Other debtors 311,719 614,417
2,439,730 2,974,957

Included in trade debtors is work in progress which are amounts recoverable on contracts outstanding at the year end date of £340,591 (2023 - £159,817)

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 8) 25,200 93,803
Trade creditors 818,007 1,243,993
Taxation and social security 257,209 144,661
Other creditors 597,025 689,257
1,697,441 2,171,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts (see note 8) 24,000 2,850

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.24 31.5.23
£    £   
Gross obligations repayable:
Within one year 27,015 96,701
Between one and five years 25,815 2,850
52,830 99,551

Finance charges repayable:
Within one year 1,815 2,898
Between one and five years 1,815 -
3,630 2,898

Net obligations repayable:
Within one year 25,200 93,803
Between one and five years 24,000 2,850
49,200 96,653

Non-cancellable operating leases
31.5.24 31.5.23
£    £   
Within one year 35,000 35,000
Between one and five years 46,667 81,667
81,667 116,667

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 49,200 96,653

STARDOM LIMITED (REGISTERED NUMBER: 02817957)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 176,970 157,087

Deferred
tax
£   
Balance at 1 June 2023 157,087
Provided during year 19,883
Balance at 31 May 2024 176,970