| Registered number: 01265005 | ||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||
| Prepared By: | ||||||||
| Berry Kearsley Stockwell Ltd | ||||||||
| Accountants | ||||||||
| Sterling House | ||||||||
| 31-32 High Street | ||||||||
| Wellingborough | ||||||||
| Northants | ||||||||
| NN8 4HL | ||||||||
| Starlyne Feeds Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Northants | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 01265005 | ||||||||
| ACCOUNTANTS | ||||||||
| Berry Kearsley Stockwell Ltd | ||||||||
| Accountants | ||||||||
| Sterling House | ||||||||
| 31-32 High Street | ||||||||
| Wellingborough | ||||||||
| Northants | ||||||||
| NN8 4HL | ||||||||
| Starlyne Feeds Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30/09/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 5 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Starlyne Feeds Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| Investment Assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 316,285 | 355,695 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT LIABILITIES | ( | (218,352) | ||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 10,080 | 20,968 | |||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 10 | |||||||||
| Revaluation reserve | 1e,11 | 149,326 | 149,326 | |||||||
| Profit and loss account | 75,899 | 62,071 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Starlyne Feeds Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| ............................. | ||||||||||
| Mr T J Nevett | ||||||||||
| Director | ||||||||||
| Starlyne Feeds Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Land And Buildings | straight line 2% | |||||||
| Commercial Vehicles | reducing balance 25% | |||||||
| Fixtures and Fittings | reducing balance 15% | |||||||
| Equipment | reducing balance 15% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Investments | ||||||||
| Fixed asset investments are shown at cost less amounts written off. | ||||||||
| Provisions are made for permanent fluctuations in value. | ||||||||
| 1e. Revaluation Reserve | ||||||||
| Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11). | ||||||||
| Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. | ||||||||
| Starlyne Feeds Limited | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||||||||
| Land And | Commercial | Fixtures | ||||||||||
| Buildings | Vehicles | and Fittings | Equipment | Total | ||||||||
| £ | £ | £ | £ | £ | ||||||||
| Cost | ||||||||||||
| At 01/10/2023 | 200,000 | 218,701 | 65,248 | 52,944 | 536,893 | |||||||
| Additions | - | 11,110 | - | 2,092 | 13,202 | |||||||
| Disposals | - | (73,809) | - | - | (73,809) | |||||||
| At 30/09/2024 | 200,000 | 156,002 | 65,248 | 55,036 | 476,286 | |||||||
| Depreciation | ||||||||||||
| At 01/10/2023 | 28,000 | 135,127 | 63,635 | 44,280 | 271,042 | |||||||
| Disposals | - | (54,417) | - | - | (54,417) | |||||||
| For the year | 4,000 | 21,672 | 242 | 1,430 | 27,344 | |||||||
| At 30/09/2024 | 32,000 | 102,382 | 63,877 | 45,710 | 243,969 | |||||||
| Net Book Amounts | ||||||||||||
| At 30/09/2024 | 232,317 | |||||||||||
| At 30/09/2023 | 265,851 | |||||||||||
| Included within the net book value of £232,317 is £43,512 (2023:£63,414) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £12,252 (2023: £21,138). | ||||||||||||
| 3. FINANCIAL ASSETS | |||||||||
| Shares in group companies | |||||||||
| and participating interests | Total | ||||||||
| £ | £ | ||||||||
| Cost | |||||||||
| At 01/10/2023 | 423,250 | 423,250 | |||||||
| At 30/09/2024 | 423,250 | 423,250 | |||||||
| Amortisation | |||||||||
| At 01/10/2023 | 200,000 | 200,000 | |||||||
| At 30/09/2024 | 200,000 | 200,000 | |||||||
| Net Book Amounts | |||||||||
| At 30/09/2024 | 223,250 | 223,250 | |||||||
| At 30/09/2023 | 223,250 | 223,250 | |||||||
| The investment held in shares of group companies relates to Findstock Ltd and Macmin Ltd. Both are unquoted companies. The net book value of the investments are £50,000 and £173,250 respectively. The value of the net shareholders funds of Findstock Ltd at 30th September 2024 is £40,602, and the value of the net shareholders funds of Macmin Ltd is £135,097. | |||||||||
| Starlyne Feeds Limited | ||||||||
| 4. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 189,350 | 224,236 | ||||||
| VAT | 2,461 | 3,965 | ||||||
| Prepayments | 2,761 | 2,775 | ||||||
| 194,572 | 230,976 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 16,098 | 6,675 | ||||||
| PAYE control | 5,254 | 8,007 | ||||||
| Directors current account | 150 | 108 | ||||||
| Bank loans and overdrafts | 17,318 | 49,678 | ||||||
| Amounts owed to factoring company | 72,121 | 92,573 | ||||||
| Loans | 40,275 | 41,639 | ||||||
| Hire purchase | 8,356 | 22,284 | ||||||
| Trade creditors | 121,208 | 142,945 | ||||||
| Accruals | 9,219 | 10,361 | ||||||
| Amounts due to group companies | 212,986 | 199,777 | ||||||
| 502,985 | 574,047 | |||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Loans >1yr | 6,701 | 16,667 | ||||||
| Hire purchase >1yr | 3,379 | 4,301 | ||||||
| 10,080 | 20,968 | |||||||
| Starlyne Feeds Limited | ||||||||
| 8. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 15 | |||||
| 9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 13,562 | 18,384 | ||||||
| 13,562 | 18,384 | |||||||
| 10. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 19600 | 19600 | |||||||
| 200 | 200 | |||||||
| 200 | 200 | |||||||
| 20,000 | 20,000 | |||||||
| 11. REVALUATION RESERVE | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Revaluation reserve | 149,326 | 149,326 | ||||||
| 149,326 | 149,326 | |||||||
| 12. CONTROLLING PARTY | ||||||||
| The Ultimate Controlling Party is Starlyne Feeds Ltd. | ||||||||
| 13. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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