| Stellar Precision Components Ltd |
| Registered Number:11514957 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
Stellar Precision Components Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Stellar Precision Components Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
631,744
528,814
2
631,744
528,814
3,499
6,810
3
| Trade and other receivables |
141,898
126,688
4
294,965
| Cash and cash equivalents |
177,825
311,323
440,362
| Trade and other payables: amounts falling due within one |
| year |
(237,022)
(179,379)
5
203,340
131,944
Net current assets
| Total assets less current liabilities |
763,688
732,154
| Trade and other payables: amounts falling due after more |
| than one year |
(198,136)
(208,410)
6
(229)
(229)
| Provisions for liabilities |
555,049
Net assets
533,789
100
100
554,949
533,689
555,049
533,789
Shareholders' funds
| For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 August 2024
Stellar Precision Components Ltd
Statement of Financial Position Continued
| Mr Glenn Nicholas Poleykett Director |
| These financial statements were approved and authorised for issue by the Board on 28 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 August 2024
Stellar Precision Components Ltd
Notes to the Financial Statements
Statutory Information
| Stellar Precision Components Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 11514957. |
Unit 14 Ash Industrial Estate
Flex Meadow
Harlow
Essex
CM19 5TJ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Furniture and Fittings
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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For the year ended 31 August 2024
Stellar Precision Components Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
650,440
1,350
6,966
642,124
150,565
-
420
150,145
792,269
7,386
1,350
801,005
| Provision for depreciation and impairment |
121,626
958
1,747
118,921
Charge for year
47,635
98
1,128
46,409
169,261
1,056
2,875
165,330
626,939
4,511
294
631,744
523,203
5,219
392
528,814
2023
2024
6,810
3,499
| 4. Trade and other receivables |
2023
2024
107,283
110,287
19,405
31,611
141,898
126,688
| The debtors above include the following amounts falling due after more than one year: |
15,000
22,500
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For the year ended 31 August 2024
Stellar Precision Components Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
37,891
46,945
| Taxation and social security |
9,539
50,938
131,949
139,139
179,379
237,022
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
-
2,723
| Bank loans and overdraft (secured) |
33,593
38,915
174,817
156,498
208,410
198,136
| 7. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
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