Company registration number: 12723760
Unaudited financial statements
for the year ended 31 July 2024
for
Little Star Group Ltd
Pages for filing with the Registrar
Company registration number: 12723760
Little Star Group Ltd
Balance sheet
as at 31 July 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 65,222 71,733
65,222 71,733
Current assets
Stocks 45,250 40,100
Cash at bank and in hand 224 2,203
45,474 42,303
Creditors: amounts falling due within one
year
(82,804) (99,970)
Net current liabilities (37,330) (57,667)
Total assets less current liabilities 27,892 14,066
NET ASSETS 27,892 14,066
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,792 13,966
TOTAL EQUITY 27,892 14,066
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 12723760
Little Star Group Ltd
Balance sheet - continued
as at 31 July 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 10 July 2025 and signed on its behalf by:
Mrs L Nishanthan, Director Mr N Sivasothinathan, Director
10 July 2025 10 July 2025
2
Little Star Group Ltd
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
Little Star Group Ltd is a private company registered in England and Wales. Its registered number is 12723760. The company is limited by shares. Its registered office is Little Star Food & Wine, 37 South End, Croydon, Surrey, CR0 1BE.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixture & fittings - 8% reducing balance
Motor Vehicle - 10% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Little Star Group Ltd
Notes to the financial statements - continued
for the year ended 31 July 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 3 (2023 - 3).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2023 71,733
At 31 July 2024 71,733
Depreciation
Charge for year 6,511
At 31 July 2024 6,511
Net book value
At 31 July 2024 65,222
At 31 July 2023 71,733
4