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REGISTERED NUMBER: SC572604 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STELAR TRAVEL LIMITED

STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STELAR TRAVEL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTOR: J A Barr





REGISTERED OFFICE: 252 Main Street
Stenhousemuir
Larbert
FK5 3JP





REGISTERED NUMBER: SC572604 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 50

CURRENT ASSETS
Debtors 5 4,184 4,255
Cash at bank and in hand 102,638 120,971
106,822 125,226
CREDITORS
Amounts falling due within one year 6 47,315 66,039
NET CURRENT ASSETS 59,507 59,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,507

59,237

CREDITORS
Amounts falling due after more than one
year

7

(2,488

)

(9,226

)

PROVISIONS FOR LIABILITIES 10 - (9 )
NET ASSETS 57,019 50,002

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 27,019 20,002
57,019 50,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)

BALANCE SHEET - continued
31 December 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 director and authorised for issue on 12 May 2025 and were signed by:





J A Barr - Director


STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Stelar Travel Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue on business travel is recognised on a booking basis when tickets are issued and revenue on tours is recognised when the final balances are due.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% per annum on cost
Computer equipment - 15% per annum on cost

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 8,429 1,410 9,839
DEPRECIATION
At 1 January 2024 8,429 1,360 9,789
Charge for year - 50 50
At 31 December 2024 8,429 1,410 9,839
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - 50 50

STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,030 3,101
Other debtors 1,154 1,154
4,184 4,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,738 6,738
Trade creditors 141 -
Taxation and social security 2,048 708
Other creditors 38,388 58,593
47,315 66,039

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,488 9,226

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 3,570 4,760
Between one and five years - 3,570
3,570 8,330

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 9,226 15,964

The bank hold a floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 9

STELAR TRAVEL LIMITED (REGISTERED NUMBER: SC572604)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 9
Credit to Statement of Income and Retained Earnings during year (9 )
Balance at 31 December 2024 -

11. RELATED PARTY DISCLOSURES

Included in "Other creditors" is amount of £8,623 (2023 - £8,623) due to the director from the company. The loan is interest free and repayable on demand.