Registered number
12819679
Budget Star Limited
Filleted Accounts
31 August 2024
Budget Star Limited
Registered number: 12819679
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Stocks 26,164 28,298
Debtors 2 2,600 -
Cash at bank and in hand 17,588 125,786
46,352 154,084
Creditors: amounts falling due within one year 3 (33,588) (120,673)
Net current assets 12,764 33,411
Net assets 12,764 33,411
Capital and reserves
Profit and loss account 12,764 33,411
Shareholders' funds 12,764 33,411
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Waqar
Director
Approved by the board on 1 February 2025
Budget Star Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Average number of persons employed by the company 1 1
2 Debtors 2024 2023
£ £
Trade debtors 2,600 -
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 4,554 28,031
Other creditors 29,034 92,642
33,588 120,673
4 Other information
Budget Star Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Bridge Road
Saltley
Birmingham
B8 1TD
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