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REGISTERED NUMBER: 08158115 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Starkers Ltd

Starkers Ltd (Registered number: 08158115)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Starkers Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J J Prebble
M R Pyne





REGISTERED OFFICE: The Mill Keats Lane
Earl Shilton
Leicester
Leicestershire
LE9 7DQ





REGISTERED NUMBER: 08158115 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Starkers Ltd (Registered number: 08158115)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,705 41,170

CURRENT ASSETS
Stocks 118,096 -
Debtors 5 281,679 322,319
Cash at bank and in hand 60,989 177,001
460,764 499,320
CREDITORS
Amounts falling due within one year 6 (221,309 ) (230,166 )
NET CURRENT ASSETS 239,455 269,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,160

310,324

CREDITORS
Amounts falling due after more than one
year

7

(10,760

)

(20,000

)

PROVISIONS FOR LIABILITIES (5,229 ) (7,890 )
NET ASSETS 249,171 282,434

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 249,165 282,428
SHAREHOLDERS' FUNDS 249,171 282,434

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.

Starkers Ltd (Registered number: 08158115)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





J J Prebble - Director


Starkers Ltd (Registered number: 08158115)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Starkers Ltd 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Starkers Ltd (Registered number: 08158115)

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 the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 19,152 10,273 45,535 22,157 97,117
Additions - - - 820 820
At 31 May 2024 19,152 10,273 45,535 22,977 97,937
DEPRECIATION
At 1 June 2023 9,576 6,532 18,563 21,276 55,947
Charge for year 4,788 1,518 9,107 872 16,285
At 31 May 2024 14,364 8,050 27,670 22,148 72,232
NET BOOK VALUE
At 31 May 2024 4,788 2,223 17,865 829 25,705
At 31 May 2023 9,576 3,741 26,972 881 41,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 264,654 283,980
Other debtors 17,025 38,339
281,679 322,319

Other debtors includes prepayments and accrued income of £1,835 (2023 - £23,363).

Starkers Ltd (Registered number: 08158115)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 5,552
Trade creditors 119,770 165,406
Taxation and social security 38,196 45,401
Other creditors 53,343 3,807
221,309 230,166

Other creditors includes accruals and deferred income of £1,800 (2023 - £1,894).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 10,760 20,000

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts - 5,552

Hire purchase liabilities are secured on the individual assets being so acquired.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is NIL (2023 - £865).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
J J Prebble
Balance outstanding at start of year - -
Amounts advanced 16,243 11,505
Amounts repaid (16,243 ) (11,505 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Starkers Ltd (Registered number: 08158115)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M R Pyne
Balance outstanding at start of year - -
Amounts advanced 8,668 -
Amounts repaid (8,668 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loans were repayable on demand and interest was charged at the official HMRC rate.