1 November 2023 v2025.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC2562202023-11-012024-10-31SC2562202024-10-31SC2562202023-10-31SC256220core:WithinOneYear2024-10-31SC256220core:WithinOneYear2023-10-31SC256220core:AfterOneYear2023-10-31SC256220core:ShareCapital2024-10-31SC256220core:ShareCapital2023-10-31SC256220core:RetainedEarningsAccumulatedLosses2024-10-31SC256220core:RetainedEarningsAccumulatedLosses2023-10-31SC256220bus:Director12023-11-012024-10-31SC256220bus:Director22023-11-012024-10-31SC256220bus:RegisteredOffice2023-11-012024-10-31SC256220core:PlantMachinery2023-11-012024-10-31SC256220core:FurnitureFittings2023-11-012024-10-31SC256220core:MotorVehicles2023-11-012024-10-31SC2562202022-11-012023-10-31SC256220core:LandBuildings2023-11-01SC256220core:PlantMachinery2023-11-01SC2562202023-11-01SC256220core:LandBuildings2024-10-31SC256220core:PlantMachinery2024-10-31SC256220core:LandBuildings2023-10-31SC256220core:PlantMachinery2023-10-31SC25622012023-11-012024-10-31SC256220countries:Scotland2023-11-012024-10-31SC256220bus:AuditExemptWithAccountantsReport2023-11-012024-10-31SC256220bus:PrivateLimitedCompanyLtd2023-11-012024-10-31SC256220bus:SmallEntities2023-11-012024-10-31SC256220bus:FullAccounts2023-11-012024-10-31
Company registration number:
SC256220
Five Star (International) Ltd
Unaudited Filleted Financial Statements for the year ended
31 October 2024
Five Star (International) Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Five Star (International) Ltd
Year ended
31 October 2024
As described on the statement of financial position, the Board of Directors of
Five Star (International) Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 October 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB
United Kingdom
Date:
29 July 2025
Five Star (International) Ltd
Statement of Financial Position
31 October 2024
20242023
Note££
Fixed assets    
Tangible assets 5
96,144
 
104,847
 
Current assets    
Debtors 6
51,712
 
38,937
 
Cash at bank and in hand
51,448
 
41,258
 
103,160
 
80,195
 
Creditors: amounts falling due within one year 7
(84,074
)
(66,512
)
Net current assets
19,086
 
13,683
 
Total assets less current liabilities 115,230   118,530  
Creditors: amounts falling due after more than one year 8 -  
(19,054
)
Provisions for liabilities
(4,913
)
(6,621
)
Net assets
110,317
 
92,855
 
Capital and reserves    
Called up share capital
135
 
135
 
Profit and loss account
110,182
 
92,720
 
Shareholders funds
110,317
 
92,855
 
For the year ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
29 July 2025
, and are signed on behalf of the board by:
T Saksida
D Doherty
DirectorDirector
Company registration number:
SC256220
Five Star (International) Ltd
Notes to the Financial Statements
Year ended
31 October 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
299 West George Street
,
1st Floor
,
Glasgow
,
G2 4LF
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received for supplied supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings-
Plant and machinery
15% straight line
Fixtures and fittings
15% straight line
Motor vehicles
15% straight line

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
12
(2023:
15.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 November 2023
70,000
 
182,593
 
252,593
 
Additions -  
286
 
286
 
At
31 October 2024
70,000
 
182,879
 
252,879
 
Depreciation      
At
1 November 2023
-  
147,746
 
147,746
 
Charge -  
8,989
 
8,989
 
At
31 October 2024
-  
156,735
 
156,735
 
Carrying amount      
At
31 October 2024
70,000
 
26,144
 
96,144
 
At 31 October 2023
70,000
 
34,847
 
104,847
 

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
31,462
 
21,162
 
Other debtors
20,250
 
17,775
 
51,712
 
38,937
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
9,915
 
5,556
 
Taxation and social security
27,494
 
56,902
 
Other creditors
46,665
 
4,054
 
84,074
 
66,512
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts -  
19,054