REGISTERED NUMBER: 04278853 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Starbang Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C D Maunder

SECRETARY:

Miss N S Jones

REGISTERED OFFICE:

Unit 4 St John's Court

Upper Fforest Way

Llansamlet

Swansea

West Glamorgan

SA6 8QQ

REGISTERED NUMBER:

04278853 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

85,210

88,214

85,210

88,214

CURRENT ASSETS

Stocks

12,000

12,000

Debtors

6

326,289

322,586

Prepayments and accrued income

7,261

4,886

Cash at bank

258,564

227,182

604,114

566,654

CREDITORS

Amounts falling due within one year

7

141,594

158,139

NET CURRENT ASSETS

462,520

408,515

TOTAL ASSETS LESS CURRENT LIABILITIES

547,730

496,729

CREDITORS

Amounts falling due after more than one year

8

(31,368

)

(46,174

)

PROVISIONS FOR LIABILITIES

10

(16,190

)

(16,760

)

NET ASSETS

500,172

433,795

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

500,170

433,793

SHAREHOLDERS' FUNDS

500,172

433,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2025 and were signed by:

C D Maunder - Director

1.	STATUTORY INFORMATION

Starbang Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

60,000

AMORTISATION

At 1 February 2024

and 31 January 2025

60,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

186,860

74,582

261,442

Additions

16,995

8,000

24,995

Disposals

-

(15,300

)

(15,300

)

At 31 January 2025

203,855

67,282

271,137

DEPRECIATION

At 1 February 2024

140,136

33,092

173,228

Charge for year

12,743

10,745

23,488

Eliminated on disposal

-

(10,789

)

(10,789

)

At 31 January 2025

152,879

33,048

185,927

NET BOOK VALUE

At 31 January 2025

50,976

34,234

85,210

At 31 January 2024

46,724

41,490

88,214

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

22,872

30,617

Other debtors

303,417

291,969

326,289

322,586

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

19,811

17,874

Trade creditors

48,602

53,093

Corporation tax

19,707

20,407

Social security and other taxes

3,958

3,597

VAT

24,819

9,076

Other creditors

3,279

21,674

Directors' current accounts

21,418

32,418

141,594

158,139

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

19,811

17,874

Bank loans - 2-5 years

11,557

28,300

31,368

46,174

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

51,179

64,048

10.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

16,190

16,760

Deferred

tax

£

Balance at 1 February 2024

16,760

Credit to Income Statement during year

(570

)

Balance at 31 January 2025

16,190

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C D Maunder.