Registration number: 04131266

Star Uretech Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Star Uretech Ltd

(Registration number: 04131266)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	193,851	162,435
Current assets
Stocks	6	667,310	402,778
Debtors	7	438,580	461,315
Cash at bank and in hand		67,809	132,963
		1,173,699	997,056
Creditors: Amounts falling due within one year	8	(297,609)	(280,807)
Net current assets		876,090	716,249
Total assets less current liabilities		1,069,941	878,684
Provisions for liabilities		(28,505)	(21,438)
Net assets		1,041,436	857,246
Capital and reserves
Called up share capital	9	200,004	200,004
Retained earnings		841,432	657,242
Shareholders' funds		1,041,436	857,246

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors' report have not been delivered in accordance with the special provisions applicable to companies subject to the small company regime.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... Mr M Almond Director

Star Uretech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 14-15
Longridge Road
Preston
Lancashire
PR2 5BB

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with financial reporting standard 102 section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime)

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Star Uretech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	10% Straight line
Fixtures and fittings	15% Reducing balance
Computer equipment	33% Straight line
Plant and machinery	15% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks, patents and licenses	The directors review the measurement of intangible assets on a regular basis and adjust the amortisation policy as appropriate

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Star Uretech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee Benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Star Uretech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2023 - 17).

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 January 2024	89,032	89,032
At 31 December 2024	89,032	89,032
Amortisation
At 1 January 2024	89,032	89,032
At 31 December 2024	89,032	89,032
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	-	-

Star Uretech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Improvements to property £	Fixtures and fittings £	Plant and machinery £	Computer equipment £
Cost or valuation
At 1 January 2024	65,740	43,276	255,720	41,669
Additions	-	8,197	54,983	6,589
At 31 December 2024	65,740	51,473	310,703	48,258
Depreciation
At 1 January 2024	7,832	20,056	175,316	40,766
Charge for the year	6,574	4,340	26,014	1,425
At 31 December 2024	14,406	24,396	201,330	42,191
Carrying amount
At 31 December 2024	51,334	27,077	109,373	6,067
At 31 December 2023	57,908	23,220	80,404	903

	Total £
Cost or valuation
At 1 January 2024	406,405
Additions	69,769
At 31 December 2024	476,174
Depreciation
At 1 January 2024	243,970
Charge for the year	38,353
At 31 December 2024	282,323
Carrying amount
At 31 December 2024	193,851
At 31 December 2023	162,435

6

Stocks

	2024 £	2023 £
Other inventories	667,310	402,778

Star Uretech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

	2024 £	2023 £
Trade debtors	321,489	363,502
Prepayments	83,837	64,560
Other debtors	33,254	33,253
	438,580	461,315

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Trade creditors	136,109	199,077
Taxation and social security	120,580	71,713
Accruals and deferred income	40,714	5,054
Other creditors	206	4,963
	297,609	280,807

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £1 each	200,000	200,000	200,000	200,000
Ordinary B share of £1 each	1	1	1	1
Ordinary C share of £1 each	1	1	1	1
Ordinary D share of £1 each	1	1	1	1
Ordinary E share of £1 each	1	1	1	1
	200,004	200,004	200,004	200,004

10	Off-balance sheet arrangements

Employee share option scheme
On 1 February 2018, the company entered into an Enterprise Management Incentive Scheme. It granted share options on 11,111 ordinary shares to two directors exercisable before expiry of ten years at an exercise price of £1 per share.