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Registered number: 6701252
Star Motors (Leicester) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6701252
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,090 24,089
22,090 24,089
CURRENT ASSETS
Stocks 11,525 19,262
Debtors 5 25,241 9,176
Cash at bank and in hand 7,781 15,310
44,547 43,748
Creditors: Amounts Falling Due Within One Year 6 (55,180 ) (46,582 )
NET CURRENT ASSETS (LIABILITIES) (10,633 ) (2,834 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,457 21,255
Creditors: Amounts Falling Due After More Than One Year 7 (31,378 ) (42,416 )
NET LIABILITIES (19,921 ) (21,161 )
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account (20,021 ) (21,261 )
SHAREHOLDERS' FUNDS (19,921) (21,161)
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Naiyeem Bhaiyat
Director
30 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Star Motors (Leicester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6701252 . The registered office is 6 Broadway Road, Leicester, LE5 5TA.
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. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 15% reducing balance
2.5. 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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 48,701
Additions 1,899
As at 30 November 2024 50,600
Depreciation
As at 1 December 2023 24,612
Provided during the period 3,898
As at 30 November 2024 28,510
Net Book Value
As at 30 November 2024 22,090
As at 1 December 2023 24,089
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,152 8,176
Other debtors 5,089 1,000
25,241 9,176
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,981 34,464
Bank loans and overdrafts 4,068 4,068
Other taxes and social security 5,349 5,546
Other creditors 3,782 2,504
55,180 46,582
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,463 17,719
Other creditors 16,915 24,697
31,378 42,416
Page 5