Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07054935 Mr Dominic Parker Mr Ben Parker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07054935 2023-12-31 07054935 2024-12-31 07054935 2024-01-01 2024-12-31 07054935 frs-core:CurrentFinancialInstruments 2024-12-31 07054935 frs-core:Non-currentFinancialInstruments 2024-12-31 07054935 frs-core:ComputerEquipment 2024-12-31 07054935 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07054935 frs-core:ComputerEquipment 2023-12-31 07054935 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07054935 frs-core:MotorVehicles 2024-12-31 07054935 frs-core:MotorVehicles 2024-01-01 2024-12-31 07054935 frs-core:MotorVehicles 2023-12-31 07054935 frs-core:PlantMachinery 2024-12-31 07054935 frs-core:PlantMachinery 2024-01-01 2024-12-31 07054935 frs-core:PlantMachinery 2023-12-31 07054935 frs-core:WithinOneYear 2024-12-31 07054935 frs-core:ShareCapital 2024-12-31 07054935 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07054935 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07054935 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07054935 frs-bus:SmallEntities 2024-01-01 2024-12-31 07054935 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07054935 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07054935 frs-bus:Director1 2024-01-01 2024-12-31 07054935 frs-bus:Director2 2024-01-01 2024-12-31 07054935 frs-countries:EnglandWales 2024-01-01 2024-12-31 07054935 2022-12-31 07054935 2023-12-31 07054935 2023-01-01 2023-12-31 07054935 frs-core:CurrentFinancialInstruments 2023-12-31 07054935 frs-core:Non-currentFinancialInstruments 2023-12-31 07054935 frs-core:BetweenOneFiveYears 2023-12-31 07054935 frs-core:PlantMachinery 2023-01-01 2023-12-31 07054935 frs-core:WithinOneYear 2023-12-31 07054935 frs-core:ShareCapital 2023-12-31 07054935 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07054935
Starling Global Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
H.J. Hedges-Quinn & Co Ltd
ACCA
The Old Astra Cinema
The Street
Great Bricett
Suffolk
IP7 7DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07054935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,800 48,700
43,800 48,700
CURRENT ASSETS
Debtors 5 1,692 6,931
Cash at bank and in hand 39,412 44,246
41,104 51,177
Creditors: Amounts Falling Due Within One Year 6 (24,152 ) (43,528 )
NET CURRENT ASSETS (LIABILITIES) 16,952 7,649
TOTAL ASSETS LESS CURRENT LIABILITIES 60,752 56,349
Creditors: Amounts Falling Due After More Than One Year 7 (10,000 ) (15,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,322 ) (9,253 )
NET ASSETS 42,430 31,763
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 42,428 31,761
SHAREHOLDERS' FUNDS 42,430 31,763
Page 1
Page 2
For the year 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
Mr Dominic Parker
Director
Mr Ben Parker
Director
03/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Starling Global Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07054935 . The registered office is The Old Astra Cinema The Street, Great Bricett, Ipswich, Suffolk, IP7 7DN.
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.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration - 1
Sales, marketing and distribution 2 2
2 3
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 96,331 16,583 2,873 115,787
Additions 5,238 7,050 737 13,025
Disposals (3,050 ) (16,583 ) - (19,633 )
As at 31 December 2024 98,519 7,050 3,610 109,179
Depreciation
As at 1 January 2024 50,890 13,884 2,313 67,087
Provided during the period 12,604 1,763 577 14,944
Disposals (2,768 ) (13,884 ) - (16,652 )
As at 31 December 2024 60,726 1,763 2,890 65,379
Net Book Value
As at 31 December 2024 37,793 5,287 720 43,800
As at 1 January 2024 45,441 2,699 560 48,700
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 3,937 5,250
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,418 648
Prepayments and accrued income 140 267
Other debtors 134 -
Corporation tax recoverable assets - 3,222
VAT - 2,794
1,692 6,931
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 333 2,000
Trade creditors 489 11,161
Corporation tax 1,227 -
VAT 1,105 -
Other creditors 474 10,893
Accruals and deferred income 700 750
Directors' loan accounts 19,824 18,724
24,152 43,528
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 333
Other loans 10,000 15,000
10,000 15,333
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 333 2,000
Later than one year and not later than five years - 333
333 2,333
333 2,333
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5