Coverstar Experiences Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08589807 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

COVERSTAR EXPERIENCES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M W Croft

REGISTERED OFFICE:

24a Arrad Street

Liverpool

Merseyside

L7 7BP

REGISTERED NUMBER:

08589807 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank

Leicester

LE87 2BB

FIXED ASSETS

Intangible assets

4

1,500

Tangible assets

5

4,788

6,261

6,288

7,761

CURRENT ASSETS

Stocks

6

2,725

2,800

Debtors

7

10,896

7,632

Cash at bank and in hand

48,063

51,996

61,684

62,428

CREDITORS

Amounts falling due within one year

8

16,335

14,070

NET CURRENT ASSETS

45,349

48,358

TOTAL ASSETS LESS CURRENT
LIABILITIES

51,637

56,119

PROVISIONS FOR LIABILITIES

9

910

-

NET ASSETS

50,727

56,119

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

50,726

56,118

SHAREHOLDERS' FUNDS

50,727

56,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th September 2025 and were signed by:

M W Croft - Director

1.	STATUTORY INFORMATION

Coverstar Experiences Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 0, is being amortised evenly over its estimated useful life of nil 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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 Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

1,500

NET BOOK VALUE

At 31st March 2025

1,500

At 31st March 2024

1,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1st April 2024

18,960

-

1,688

20,648

Additions

-

124

-

124

At 31st March 2025

18,960

124

1,688

20,772

DEPRECIATION

At 1st April 2024

13,898

-

489

14,387

Charge for year

1,266

31

300

1,597

At 31st March 2025

15,164

31

789

15,984

NET BOOK VALUE

At 31st March 2025

3,796

93

899

4,788

At 31st March 2024

5,062

-

1,199

6,261

6.

STOCKS

31.3.25

31.3.24

£

Stocks

2,725

2,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts Owed By Related Party

10,896

7,632

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

-

568

Tax

2,360

4,990

Social security and other taxes

400

VAT

2,500

2,231

Directors' current accounts

5,123

4,081

Accrued expenses

5,952

1,800

16,335

14,070

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

910

-

Deferred

tax

£

Movement in the year due to

Changes in tax allowances

910

Balance at 31st March 2025

910

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

1

11.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

Contracted but not provided for in the

financial statements

-

12.	ULTIMATE CONTROLLING PARTY

The controlling party is M W Croft.