Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3110217332023-06-01falseNo description of principal activity31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05439358 2023-06-01 2024-05-31 05439358 2022-06-01 2023-05-31 05439358 2024-05-31 05439358 2023-05-31 05439358 2022-06-01 05439358 c:Director1 2023-06-01 2024-05-31 05439358 c:Director4 2023-06-01 2024-05-31 05439358 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 05439358 d:Buildings d:LongLeaseholdAssets 2024-05-31 05439358 d:Buildings d:LongLeaseholdAssets 2023-05-31 05439358 d:MotorVehicles 2023-06-01 2024-05-31 05439358 d:MotorVehicles 2024-05-31 05439358 d:MotorVehicles 2023-05-31 05439358 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05439358 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 05439358 d:FurnitureFittings 2023-06-01 2024-05-31 05439358 d:FurnitureFittings 2024-05-31 05439358 d:FurnitureFittings 2023-05-31 05439358 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05439358 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 05439358 d:ComputerEquipment 2023-06-01 2024-05-31 05439358 d:ComputerEquipment 2024-05-31 05439358 d:ComputerEquipment 2023-05-31 05439358 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05439358 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 05439358 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 05439358 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 05439358 d:Goodwill 2023-06-01 2024-05-31 05439358 d:Goodwill 2024-05-31 05439358 d:Goodwill 2023-05-31 05439358 d:CurrentFinancialInstruments 2024-05-31 05439358 d:CurrentFinancialInstruments 2023-05-31 05439358 d:Non-currentFinancialInstruments 2024-05-31 05439358 d:Non-currentFinancialInstruments 2023-05-31 05439358 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 05439358 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05439358 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 05439358 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 05439358 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 05439358 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 05439358 d:ShareCapital 2024-05-31 05439358 d:ShareCapital 2023-05-31 05439358 d:RetainedEarningsAccumulatedLosses 2024-05-31 05439358 d:RetainedEarningsAccumulatedLosses 2023-05-31 05439358 c:FRS102 2023-06-01 2024-05-31 05439358 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05439358 c:FullAccounts 2023-06-01 2024-05-31 05439358 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05439358 d:WithinOneYear 2024-05-31 05439358 d:WithinOneYear 2023-05-31 05439358 d:BetweenOneFiveYears 2024-05-31 05439358 d:BetweenOneFiveYears 2023-05-31 05439358 2 2023-06-01 2024-05-31 05439358 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 05439358 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 05439358 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 05439358 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 05439358









STARCROWN SYSTEMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
STARCROWN SYSTEMS LIMITED
REGISTERED NUMBER: 05439358

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,735
10,103

Tangible assets
 5 
116,834
88,580

  
123,569
98,683

Current assets
  

Stocks
  
10,000
10,000

Debtors: amounts falling due within one year
 6 
60,052
7,238

Cash at bank and in hand
  
100,218
327,858

  
170,270
345,096

Creditors: amounts falling due within one year
 7 
(230,875)
(270,348)

Net current (liabilities)/assets
  
 
 
(60,605)
 
 
74,748

Total assets less current liabilities
  
62,964
173,431

Creditors: amounts falling due after more than one year
 8 
(17,660)
(54,004)

Provisions for liabilities
  

Deferred tax
 10 
(25,547)
(15,929)

Net assets
  
19,757
103,498


Capital and reserves
  

Called up share capital 
  
15,004
15,004

Profit and loss account
  
4,753
88,494

  
19,757
103,498


Page 1

 
STARCROWN SYSTEMS LIMITED
REGISTERED NUMBER: 05439358

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




................................................
Mrs N J Colchester
................................................
M J Colchester
Director
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
STARCROWN SYSTEMS LIMITED
 

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

1.


General information

Starcrown Systems Limited is a company limited by shares, incorporated in England and Wales, with a company registration number of 05439358. The address of the registered office is Hoveton Old Hall, Stone Lane, Ashmanhaugh, Norfolk, NR12 8YR.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to continue as a going concern. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
STARCROWN SYSTEMS LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
STARCROWN SYSTEMS LIMITED
 

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

2.Accounting policies (continued)

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
20
years

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the term of the lease
Fixtures and fittings
-
12.5%
reducing balance basis
Computer equipment
-
12.5%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 5

 
STARCROWN SYSTEMS LIMITED
 

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

2.Accounting policies (continued)

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2023 - 31).

Page 6

 
STARCROWN SYSTEMS LIMITED
 

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

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
67,356



At 31 May 2024

67,356



Amortisation


At 1 June 2023
57,253


Charge for the year on owned assets
3,368



At 31 May 2024

60,621



Net book value



At 31 May 2024
6,735



At 31 May 2023
10,103



Page 7

 
STARCROWN SYSTEMS LIMITED
 

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

5.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
128,375
-
146,499
1,656
276,530


Additions
-
28,260
19,704
2,313
50,277


Disposals
-
-
(2,250)
-
(2,250)



At 31 May 2024

128,375
28,260
163,953
3,969
324,557



Depreciation


At 1 June 2023
103,510
-
84,077
363
187,950


Charge for the year on owned assets
10,217
-
8,694
418
19,329


Charge for the year on financed assets
-
1,178
-
-
1,178


Disposals
-
-
(734)
-
(734)



At 31 May 2024

113,727
1,178
92,037
781
207,723



Net book value



At 31 May 2024
14,648
27,082
71,916
3,188
116,834



At 31 May 2023
24,865
-
62,422
1,293
88,580

Page 8

 
STARCROWN SYSTEMS LIMITED
 

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

6.


Debtors

2024
2023
£
£


Trade debtors
3,697
2,079

Other debtors
55,131
-

Prepayments and accrued income
1,224
5,159

60,052
7,238



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
25,900

Trade creditors
84,373
99,647

Corporation tax
47,449
56,605

Other taxation and social security
80,942
77,017

Obligations under hire purchase contracts
5,098
-

Other creditors
2,879
7,114

Accruals and deferred income
10,134
4,065

230,875
270,348



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
54,004

Net obligations under hire purchase contracts
17,660
-

17,660
54,004


Secured creditors
The total amount of creditors for which security has been given amounted to £22,758 (2023 - £79,904).

Page 9

 
STARCROWN SYSTEMS LIMITED
 

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

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
25,900


Amounts falling due 2-5 years

Bank loans
-
54,004


-
79,904



10.


Deferred taxation




2024
2023


£

£






At beginning of year
15,929
12,757


Charged to profit or loss
9,618
3,172



At end of year
25,547
15,929

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
25,547
15,929


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £9,667 (2023 - £7,967) . Contributions totalling £2,280 (2023 - £1,115) were payable to the fund at the balance sheet date and are included in creditors.

Page 10

 
STARCROWN SYSTEMS LIMITED
 

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

12.


Commitments under operating leases

At 31 May 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
45,000
45,000

Later than 1 year and not later than 5 years
26,250
71,250

71,250
116,250


Page 11