Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 05333710 Mr N E Levett-Scrivener Mrs R J Levett-Scrivener Mr A E Levett-Scrivener Mrs R J Levett-Scrivener iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05333710 2024-02-29 05333710 2025-02-28 05333710 2024-03-01 2025-02-28 05333710 frs-core:CurrentFinancialInstruments 2025-02-28 05333710 frs-core:Non-currentFinancialInstruments 2025-02-28 05333710 frs-core:BetweenOneFiveYears 2025-02-28 05333710 frs-core:FurnitureFittings 2025-02-28 05333710 frs-core:FurnitureFittings 2024-03-01 2025-02-28 05333710 frs-core:FurnitureFittings 2024-02-29 05333710 frs-core:NetGoodwill 2025-02-28 05333710 frs-core:NetGoodwill 2024-03-01 2025-02-28 05333710 frs-core:NetGoodwill 2024-02-29 05333710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-02-28 05333710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05333710 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 05333710 frs-core:MotorVehicles 2025-02-28 05333710 frs-core:MotorVehicles 2024-03-01 2025-02-28 05333710 frs-core:MotorVehicles 2024-02-29 05333710 frs-core:PlantMachinery 2025-02-28 05333710 frs-core:PlantMachinery 2024-03-01 2025-02-28 05333710 frs-core:PlantMachinery 2024-02-29 05333710 frs-core:WithinOneYear 2025-02-28 05333710 frs-core:ShareCapital 2025-02-28 05333710 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05333710 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05333710 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 05333710 frs-bus:SmallEntities 2024-03-01 2025-02-28 05333710 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05333710 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05333710 frs-bus:Director1 2024-03-01 2025-02-28 05333710 frs-bus:Director2 2024-03-01 2025-02-28 05333710 frs-bus:Director3 2024-03-01 2025-02-28 05333710 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 05333710 frs-countries:EnglandWales 2024-03-01 2025-02-28 05333710 2023-02-28 05333710 2024-02-29 05333710 2023-03-01 2024-02-29 05333710 frs-core:CurrentFinancialInstruments 2024-02-29 05333710 frs-core:Non-currentFinancialInstruments 2024-02-29 05333710 frs-core:BetweenOneFiveYears 2024-02-29 05333710 frs-core:WithinOneYear 2024-02-29 05333710 frs-core:ShareCapital 2024-02-29 05333710 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 05333710
Shooting Star Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
Report of the Accountant to the directors of Shooting Star Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
13/05/2025
Van Dijk Accountants
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
Page 1
Page 2
Balance Sheet
Registered number: 05333710
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 250,642 222,234
250,642 222,234
CURRENT ASSETS
Stocks 6 745,903 780,507
Debtors 7 577,177 931,604
Investments 8 104,309 129,276
Cash at bank and in hand 148,599 197,672
1,575,988 2,039,059
Creditors: Amounts Falling Due Within One Year 9 (506,981 ) (1,048,738 )
NET CURRENT ASSETS (LIABILITIES) 1,069,007 990,321
TOTAL ASSETS LESS CURRENT LIABILITIES 1,319,649 1,212,555
Creditors: Amounts Falling Due After More Than One Year 10 (52,917 ) (107,498 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (28,846 ) (23,086 )
NET ASSETS 1,237,886 1,081,971
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 1,237,786 1,081,871
SHAREHOLDERS' FUNDS 1,237,886 1,081,971
Page 2
Page 3
For the year ending 28 February 2025 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 N E Levett-Scrivener
Director
Mrs R J Levett-Scrivener
Director
13/05/2025
The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Shooting Star Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05333710 . The registered office is Wood Farm, Green Road, Sibton, Suffolk, IP17 2ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years, this has been fully amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 2% on cost
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Page 4
Page 5
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 5
Page 6
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 160,000
As at 28 February 2025 160,000
Amortisation
As at 1 March 2024 160,000
As at 28 February 2025 160,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2024 112,896 216,152 85,422 20,140 434,610
Additions - 34,483 56,873 4,449 95,805
Disposals - - (37,503 ) - (37,503 )
As at 28 February 2025 112,896 250,635 104,792 24,589 492,912
Depreciation
As at 1 March 2024 12,166 150,418 31,991 17,801 212,376
Provided during the period 2,258 22,898 8,587 996 34,739
Disposals - - (4,845 ) - (4,845 )
As at 28 February 2025 14,424 173,316 35,733 18,797 242,270
Net Book Value
As at 28 February 2025 98,472 77,319 69,059 5,792 250,642
As at 1 March 2024 100,730 65,734 53,431 2,339 222,234
Page 6
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6. Stocks
2025 2024
£ £
Stock 745,903 780,507
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 435,658 309,131
Prepayments and accrued income 141,519 81,990
Other debtors - 540,483
577,177 931,604
8. Current Asset Investments
2025 2024
£ £
Unlisted investments 104,309 129,276
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,498 25,642
Trade creditors 216,532 395,325
Bank loans and overdrafts 81,815 205,660
Corporation tax 69,423 106,359
Other taxes and social security 600 600
VAT 22,861 12,830
Other creditors 58,867 -
Accruals and deferred income 3,900 4,400
Directors' loan accounts 40,485 297,922
506,981 1,048,738
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 7,083 11,664
Bank loans 45,834 95,834
52,917 107,498
Page 7
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,498 25,642
Later than one year and not later than five years 7,083 11,664
19,581 37,306
19,581 37,306
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 75,000 75,000
Page 8