General Information
CINQUE STELLA LTD is a private company, limited by shares, registered in , registration number 11260512, registration address 58 Grand Drive, London, SW20 9DY.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
3 years Straight Line
|
| Motor Vehicles |
5 years Straight Line
|
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
2,200 |
|
13,651 |
|
15,851 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
2,200 |
|
13,651 |
|
15,851 |
| Depreciation |
| At 01 April 2024 |
1,821 |
|
3,868 |
|
5,689 |
| Charge for year |
379 |
|
2,730 |
|
3,109 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
2,200 |
|
6,598 |
|
8,798 |
| Net book values |
| Closing balance as at 31 March 2025 |
- |
|
7,053 |
|
7,053 |
| Opening balance as at 01 April 2024 |
379 |
|
9,783 |
|
10,162 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
(1) |
|
0 |
| Corporation Tax |
6,880 |
|
4,339 |
| PAYE & Social Security |
0 |
|
73 |
| Accrued Expenses |
300 |
|
0 |
| Wages & Salaries Control Account |
1,270 |
|
0 |
| Directors' Current Accounts |
55 |
|
1,189 |
|
8,504 |
|
5,601 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
7,318 |
|
15,000 |
|
7,318 |
|
15,000 |
|
2
|