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REGISTERED NUMBER: 10336684 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Star Linen UK Ltd

Star Linen UK Ltd (Registered number: 10336684)






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


Star Linen UK Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S C Broadhurst
D Jamieson





REGISTERED OFFICE: Unit 1 Withey Dyffryn Court
Alder Avenue
Dyffryn Business Park, Ystrad Mynach
Hengoed
Wales
CF82 7TT





REGISTERED NUMBER: 10336684 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Star Linen UK Ltd (Registered number: 10336684)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 73,445 80,930
Investments 5 35 35
73,480 80,965

CURRENT ASSETS
Stocks 1,595,202 1,746,670
Debtors 6 741,887 498,333
Cash at bank 619,633 245,375
2,956,722 2,490,378
CREDITORS
Amounts falling due within one year 7 1,164,581 713,013
NET CURRENT ASSETS 1,792,141 1,777,365
TOTAL ASSETS LESS CURRENT LIABILITIES 1,865,621 1,858,330

CREDITORS
Amounts falling due after more than one
year

8

5,302

90,052
NET ASSETS 1,860,319 1,768,278

CAPITAL AND RESERVES
Called up share capital 2,185,384 2,185,384
Retained earnings (325,065 ) (417,106 )
1,860,319 1,768,278

Star Linen UK Ltd (Registered number: 10336684)

Balance Sheet - continued
31 December 2024


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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





S C Broadhurst - Director


Star Linen UK Ltd (Registered number: 10336684)

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

1. STATUTORY INFORMATION

Star Linen UK 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.

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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 20% on cost and 10% on cost
Fixtures and fittings- 33% on cost and 10% on cost
Computer equipment- 33% on cost and 20% on cost

Government grants
Government grants have been recognised on an accruals basis and have been recognised in the same period in which the related expense has been incurred.

Investments in associates
Investments in associates are recognised at cost.

Star Linen UK Ltd (Registered number: 10336684)

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

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 16 (2023 - 15 ) .

Star Linen UK Ltd (Registered number: 10336684)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 59,659 87,681 33,714 181,054
Additions - 6,514 7,129 13,643
At 31 December 2024 59,659 94,195 40,843 194,697
DEPRECIATION
At 1 January 2024 39,819 36,449 23,856 100,124
Charge for year 6,171 8,858 6,099 21,128
At 31 December 2024 45,990 45,307 29,955 121,252
NET BOOK VALUE
At 31 December 2024 13,669 48,888 10,888 73,445
At 31 December 2023 19,840 51,232 9,858 80,930

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2024
and 31 December 2024 35
NET BOOK VALUE
At 31 December 2024 35
At 31 December 2023 35

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 618,392 337,104
Other debtors 123,495 161,229
741,887 498,333

Star Linen UK Ltd (Registered number: 10336684)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,531 10,781
Trade creditors 379,149 284,081
Taxation and social security 97,787 35,207
Other creditors 677,114 382,944
1,164,581 713,013

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 5,302 15,052
Other creditors - 75,000
5,302 90,052

Included in bank loans in notes 7 and 8 is a combined balance of £15,833 (2023 - £25,833) which is guaranteed by the government and unsecured.

9. PENSION COMMITMENTS

At the year end contributions of £1,783 (2023 - £1,730) to defined contribution pension schemes were outstanding.

10. OTHER FINANCIAL COMMITMENTS

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £689,506 (2023 - £291,640).

Star Linen UK Ltd (Registered number: 10336684)

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

11. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management

Other related
parties


Total
2024 £ £ £
At start of period 80,000 75,000 155,000
Advanced - - -
Repaid (80,000 ) (75,000 ) (155,000 )
At end of period - - -


Key
management

Other related
parties


Total
2023 £ £ £
At start of the period - 275,000 275,000
Advanced 100,000 - 100,000
Repaid (20,000 ) (200,000 ) (220,000 )
At end of period 80,000 75,000 155,000

Loans from key management are interest free and repayable on demand.

Loans from other related parties are interest free and repayable on demand.