2023-07-01 08105208 2024-06-30 08105208 2023-07-01 2024-06-30 08105208 2023-06-30 08105208 2022-07-01 2023-06-30 08105208 uk-core:WithinOneYear 2023-06-30 08105208 uk-core:WithinOneYear 2024-06-30 08105208 uk-core:ShareCapital 2024-06-30 08105208 uk-core:ShareCapital 2023-06-30 08105208 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 08105208 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 08105208 uk-bus:Director1 2023-07-01 2024-06-30 08105208 uk-core:Buildings 2023-07-01 2024-06-30 08105208 uk-core:FurnitureFittings 2023-07-01 2024-06-30 08105208 uk-core:FurnitureFittings 2023-06-30 08105208 uk-core:Buildings 2023-06-30 08105208 uk-core:Buildings 2024-06-30 08105208 uk-core:FurnitureFittings 2024-06-30 iso4217:GBP xbrli:pure 08105208 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08105208 uk-bus:FRS102 2023-07-01 2024-06-30 08105208 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 08105208 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
LEGACY K-STAR LIMITED
Registered Number:08105208
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
08105208
As at 30 June 2024
LEGACY K-STAR LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,873
3,380
2
2,873
3,380
Current assets
Trade and other receivables
5,924
5,849
3
56,448
Cash and cash equivalents
100,579
106,428
62,372
Trade and other payables: amounts falling due within one
year
(36,374)
(38,828)
4
25,998
67,600
Net current assets
Total assets less current liabilities
70,473
29,378
(654)
(676)
Provisions for liabilities
69,819
Net assets
28,702
Capital and reserves
Called up share capital
2
2
Retained earnings
69,817
28,700
69,819
28,702
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Steven Logan Director
These financial statements were approved and authorised for issue by the Board on 13 March 2025 and were signed by:
The notes form part of these financial statements
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3
For the year ended 30 June 2024
LEGACY K-STAR LIMITED
Notes to the Financial Statements
Statutory Information
LEGACY K-STAR LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08105208.
Principal place of business:
2nd Floor , Shawton House
790/792 Hagley Road West
Quinton , Birmingham
B68 0PJ
Registered address:
c/o KLM Associates
Jaguar House
Cecil Street
Birmingham
B19 3ST
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold costs
Period of Lease Straight line
15% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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4
For the year ended 30 June 2024
LEGACY K-STAR LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Leasehold
costs
£
£
£
Cost or
valuation
At 01 July 2023
10,573
7,745
2,828
At 30 June 2024
2,828
7,745
10,573
Provision for depreciation and impairment
At 01 July 2023
7,193
4,365
2,828
Charge for year
507
507
-
At 30 June 2024
7,700
4,872
2,828
At 30 June 2024
Net book value
-
2,873
2,873
At 30 June 2023
-
3,380
3,380
3. Trade and other receivables
2023
2024
£
£
Prepayments and accrued income
5,849
5,910
Taxation and social security
-
14
5,924
5,849
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
32,271
21,146
Accruals and deferred income
1,570
10,765
Directors' loan accounts
3,222
3,082
Other creditors
1,765
1,381
38,828
36,374
5. Related party transactions
The ultimate controlling parties during the year were Steven Logan and Damien Trainor , directors , whom control
the company by virtue of each owning 50% of the share capital.
Consultancy fees have been paid to Logan Management Consultancy Ltd , a company wholly owned by Steven
Logan.
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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5
For the year ended 30 June 2024
LEGACY K-STAR LIMITED
Notes to the Financial Statements Continued
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