Acorah Software Products - Accounts Production 16.1.300 false true true false 11 December 2023 31 December 2024 31 December 2024 15342946 O J Jones A Rasoli Unit F11 Wises Oast Business Centre, Wises Lane, Borden, Sittingbourne, Kent, ME9 8LR true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15342946 2023-12-10 15342946 2024-12-31 15342946 2023-12-11 2024-12-31 15342946 frs-core:CurrentFinancialInstruments 2024-12-31 15342946 frs-core:Non-currentFinancialInstruments 2024-12-31 15342946 frs-core:BetweenOneFiveYears 2024-12-31 15342946 frs-core:ComputerEquipment 2024-12-31 15342946 frs-core:ComputerEquipment 2023-12-11 2024-12-31 15342946 frs-core:ComputerEquipment 2023-12-10 15342946 frs-core:FurnitureFittings 2024-12-31 15342946 frs-core:FurnitureFittings 2023-12-11 2024-12-31 15342946 frs-core:FurnitureFittings 2023-12-10 15342946 frs-core:MotorVehicles 2024-12-31 15342946 frs-core:MotorVehicles 2023-12-11 2024-12-31 15342946 frs-core:MotorVehicles 2023-12-10 15342946 frs-core:PlantMachinery 2023-12-11 2024-12-31 15342946 frs-core:WithinOneYear 2024-12-31 15342946 frs-core:ShareCapital 2024-12-31 15342946 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15342946 frs-bus:PrivateLimitedCompanyLtd 2023-12-11 2024-12-31 15342946 frs-bus:FilletedAccounts 2023-12-11 2024-12-31 15342946 frs-bus:SmallEntities 2023-12-11 2024-12-31 15342946 frs-bus:AuditExempt-NoAccountantsReport 2023-12-11 2024-12-31 15342946 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-11 2024-12-31 15342946 1 2023-12-11 2024-12-31 15342946 frs-bus:Director1 2023-12-11 2024-12-31 15342946 frs-bus:Director2 2023-12-11 2024-12-31 15342946 frs-countries:EnglandWales 2023-12-11 2024-12-31
Registered number: 15342946
Starlite Home Improvements Ltd
Unaudited Financial Statements
For the Period 11 December 2023 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 15342946
31 December 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 52,363
52,363
CURRENT ASSETS
Stocks 5 2,714
Debtors 6 32,036
Cash at bank and in hand 11,023
45,773
Creditors: Amounts Falling Due Within One Year 7 (56,575 )
NET CURRENT ASSETS (LIABILITIES) (10,802 )
TOTAL ASSETS LESS CURRENT LIABILITIES 41,561
Creditors: Amounts Falling Due After More Than One Year 8 (40,948 )
NET ASSETS 613
CAPITAL AND RESERVES
Called up share capital 10 1
Profit and Loss Account 612
SHAREHOLDERS' FUNDS 613
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For the period ending 31 December 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.
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
O J Jones
Director
25 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Starlite Home Improvements Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15342946 . The registered office is Unit F11 Wises Oast Business Centre Wises Lane, Borden, Sittingbourne, Kent, ME9 8LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The company was incorporated on 11 December 2023 and commenced trading on 1 January 2024.
2.2. Going Concern Disclosure
As at the 31 December 2024 the company had net current liabilities totalling £10,813, but the directors have confirmed that they are willing and able to support the company meet it's debts as they fall due and as a result the company is a going concern.
2.3. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 25% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
Computer Equipment 3 years straight line
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
2.7. Financial Instruments
The company applies the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Basic financial assets and liabilities are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
2.8. Cash and cash equivalents
Cash and cash equivalents are basic financial assets 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 11 December 2023 - - - -
Additions 58,388 623 841 59,852
As at 31 December 2024 58,388 623 841 59,852
...CONTINUED
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Depreciation
As at 11 December 2023 - - - -
Provided during the period 7,175 73 241 7,489
As at 31 December 2024 7,175 73 241 7,489
Net Book Value
As at 31 December 2024 51,213 550 600 52,363
As at 11 December 2023 - - - -
5. Stocks
31 December 2024
£
Stock 2,714
6. Debtors
31 December 2024
£
Due within one year
Trade debtors 14,294
Prepayments and accrued income 9,496
Other debtors 8,245
Amounts owed by group undertakings 1
32,036
7. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Net obligations under finance lease and hire purchase contracts 6,501
Trade creditors 13,250
Other taxes and social security 4,885
VAT 25,232
Directors' loan accounts 6,707
56,575
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8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024
£
Net obligations under finance lease and hire purchase contracts 40,948
9. Obligations Under Finance Leases and Hire Purchase
31 December 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 6,501
Later than one year and not later than five years 40,948
47,449
47,449
10. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 1
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Starlite Group Holdings Ltd , as 100% shareholder and controlling party. Starlite Group Holdings Ltd was incorporated in England & Wales and it's registered office and principle place of business is Unit F11 Wises Oast Business Centre, Wises Lane, Borden, Sittingbourne, Kent, ME9 8LR
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