Registered number
07966082
Start Investments Ltd
Filleted Accounts
28 February 2025
Start Investments Ltd
Registered number: 07966082
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 391 587
Current assets
Debtors 4 13,196 26,553
Cash at bank and in hand 151,679 85,725
164,875 112,278
Creditors: amounts falling due within one year 5 (66,443) (16,440)
Net current assets 98,432 95,838
Total assets less current liabilities 98,823 96,425
Creditors: amounts falling due after more than one year 6 (14,814) (24,953)
Net assets 84,009 71,472
Capital and reserves
Called up share capital 100 100
Profit and loss account 83,909 71,372
Shareholder's funds 84,009 71,472
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A J Goldfinch
Director
Approved by the board on 14 July 2025
Start Investments Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment Straight line 25%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 March 2024 783
At 28 February 2025 783
Depreciation
At 1 March 2024 196
Charge for the year 196
At 28 February 2025 392
Net book value
At 28 February 2025 391
At 29 February 2024 587
4 Debtors 2025 2024
£ £
Trade debtors - 16,125
Prepayment 1,501 -
Loan 8,500 7,500
Other loans 1,224 -
Other debtors 1,971 2,928
13,196 26,553
5 Creditors: amounts falling due within one year 2025 2024
£ £
Refundable deposit 63,570 5,400
Corporation tax & other taxes 2,873 10,260
Other creditors - 780
66,443 16,440
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bounce back loan 14,814 24,953
7 Other information
Start Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3rd Floor
207 Regent street
London
England
W1B 3HH
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