Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09820306 Mr Kamlesh Lakhani Mr Amish Lakhani Mrs Shardaben Lakhani true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09820306 2024-01-31 09820306 2025-01-31 09820306 2024-02-01 2025-01-31 09820306 frs-core:CurrentFinancialInstruments 2025-01-31 09820306 frs-core:Non-currentFinancialInstruments 2025-01-31 09820306 frs-core:MotorVehicles 2025-01-31 09820306 frs-core:MotorVehicles 2024-02-01 2025-01-31 09820306 frs-core:MotorVehicles 2024-01-31 09820306 frs-core:PlantMachinery 2025-01-31 09820306 frs-core:PlantMachinery 2024-02-01 2025-01-31 09820306 frs-core:PlantMachinery 2024-01-31 09820306 frs-core:ShareCapital 2025-01-31 09820306 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09820306 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09820306 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09820306 frs-bus:SmallEntities 2024-02-01 2025-01-31 09820306 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09820306 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09820306 1 2024-02-01 2025-01-31 09820306 frs-bus:Director1 2024-02-01 2025-01-31 09820306 frs-bus:Director2 2024-02-01 2025-01-31 09820306 frs-bus:Director3 2024-02-01 2025-01-31 09820306 frs-core:CurrentFinancialInstruments 1 2025-01-31 09820306 frs-countries:EnglandWales 2024-02-01 2025-01-31 09820306 2023-01-31 09820306 2024-01-31 09820306 2023-02-01 2024-01-31 09820306 frs-core:CurrentFinancialInstruments 2024-01-31 09820306 frs-core:Non-currentFinancialInstruments 2024-01-31 09820306 frs-core:ShareCapital 2024-01-31 09820306 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09820306 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 09820306
Star Dairies Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09820306
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 248,717 157,225
248,717 157,225
CURRENT ASSETS
Stocks 5 90,500 85,696
Debtors 6 686,499 502,485
Cash at bank and in hand 1,506,812 840,054
2,283,811 1,428,235
Creditors: Amounts Falling Due Within One Year 7 (688,669 ) (589,407 )
NET CURRENT ASSETS (LIABILITIES) 1,595,142 838,828
TOTAL ASSETS LESS CURRENT LIABILITIES 1,843,859 996,053
Creditors: Amounts Falling Due After More Than One Year 8 (16,305 ) (13,468 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (62,179 ) (39,306 )
NET ASSETS 1,765,375 943,279
CAPITAL AND RESERVES
Called up share capital 9 200 100
Profit and Loss Account 1,765,175 943,179
SHAREHOLDERS' FUNDS 1,765,375 943,279
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For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 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 Amish Lakhani
Director
20 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Star Dairies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09820306 . The registered office is 21 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ.
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. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 10% Straight Line
Motor Vehicles 20% Straight Line
2.4. 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.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
During the year the company received a government grant of £2,500 (2024:£ nil). The grant was recognised in the P&L account as other income.
The company has elected to apply the performance model, under FRS 102, as the grant does not
impose any specified future performance-related conditions.
2.8. 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.
2.9. 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.
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2.10. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2024: 27)
31 27
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 354,389 32,280 386,669
Additions 122,263 23,244 145,507
As at 31 January 2025 476,652 55,524 532,176
Depreciation
As at 1 February 2024 203,964 25,480 229,444
Provided during the period 47,666 6,349 54,015
As at 31 January 2025 251,630 31,829 283,459
Net Book Value
As at 31 January 2025 225,022 23,695 248,717
As at 1 February 2024 150,425 6,800 157,225
5. Stocks
2025 2024
£ £
Stock 90,500 85,696
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 656,962 487,926
Prepayments and accrued income 9,414 9,523
Other debtors 4,209 330
Other taxes and social security costs 15,914 4,706
686,499 502,485
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 349,236 337,063
Bank loans and overdrafts 15,691 10,648
Other taxes and social security 273,399 165,731
Other creditors 42,842 67,467
Accruals and deferred income 7,501 8,498
688,669 589,407
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 16,305 13,468
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 100
10. Related Party Transactions
Kamlesh Lakhani, director - loan account as at 31 January 2025 was (£4,209) (2024: £1,078 CR) and is included within other debtors/other creditors. The loan is free of interest and repayable on demand.
Hardik Patel, former shareholder - loan account as at 31 January 2025 was nil (2024: £20,496).
The loan is free of interest and repayable on demand.
Amish Lakhani, director and shareholder - loan account as at 31 January 2025 was £506 (2024: £19,125).
The loan is free of interest and repayable on demand.
11. Ultimate Controlling Party
Mr K Lakhani, Mrs S Lakhani and Mr A Lakhani are the ultimate controlling party by virtue of their joint beneficial
ownership of 100% of the issued ordinary share capital of the company.
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