Starfish 9 Ltd
trading as
for the Year Ended 31 March 2025
Starfish 9 Ltd
trading as Starfish Construction
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account and Statement of Retained Earnings |
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Balance Sheet |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Starfish 9 Ltd
trading as Starfish Construction
Company Information
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Directors |
J Jessimer T P Cadden K McCormack S McCluskey D Jessimer A D Beaumont J Fay R Morgan C Jessimer |
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Company secretary |
J Jessimer |
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Registered office |
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Auditors |
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Starfish 9 Ltd
trading as Starfish Construction
Strategic Report for the Year Ended 31 March 2025
The directors present their strategic report for the year ended 31 March 2025.
Principal activity
The principal activity of the company is that of construction, in particular: building facade remediation, roofing and cladding, internal fit-outs, licensed asbestos removal and civil engineering.
Fair review of the business
The company continues to trade in the construction industry specialising in cladding and roofing buildings There were no significant change in the nature of the activities during the year.
The directors consider the key performance indicators to be those that reflect the underlying trading performance of the company. This performance is reflected in these detailed financial statements and disclosed in more detail in this report. Our operations are controlled by our integrated management systems which are fully compliant with ISO 9001, 14001 and 45001. The company is continually monitored by external accreditation including :
- Lloyds Register of Quality Assurance
- Constructionline Gold
- Achilles UVDB
- Avetta
- CHAS
- Safe Contractor
- Joscar
The company reports a near 35% increase in turnover and encouraging profit margins continue to support our growth and expansion throughout the UK.
Starfish Construction has continued to perform at an exceptionally high level during the past year. The demands for our services of remediating, refurbishing and upgrading buildings is forecasted to continue to increase for the forseeable future. Our ability to safely and sustainably upgrade buildings to modern standards helps us to remain at the forefront of our industry.
Acting as Principal Contractors and Principal Designers in the remediation and upgrading of buildings helped us secure a healthy long term order book. Starfish Construction has the necessary design, managerial and financial resources to undertake these complex and challenging large scale projects. This is achieved through the hard work, commitment and ingenuity of our highly competent management team and skilled workforce.
Charitable Donations
During the year, the company made charitable donations totalling £6,500.
As part of our Strategic Growth Strategy, we have continued to invest heavily in the development of our people, IT systems, plant, machinery and buildings. Due to our healthy order book, we plan future substantial investments over the coming years.
The company is fully committed to the process of continual improvement, and we are constantly reviewing our markets, operations and service delivery methods.
Starfish 9 Ltd
trading as Starfish Construction
Strategic Report for the Year Ended 31 March 2025
The company has experienced significant growth of 35% during the year. This trend is expected to continue in the coming years.
Turnover £26.3m ( previous year £19.5m)
Profit before tax £8.5m ( previous year £4.7m)
The directors consider the company's performance excellent and remain committed to investing in our people, IT, plant, machinery and premises.
Principal risks and uncertainties
The company's operations expose it to a variety of risks including financial, safety, environmental and reputational. Starfish 9 Ltd uses a risk management system to control and limit the effects of these risks.
Credit risk:
The company is exposed to credit related losses in the event of non-performance by counterparties to financial instruments, but mitigates such risk through its policy of selecting only counterparties with high credit ratings or arranging beneficial credit terms.
Liquidity risk:
The company's operations are financed by a mixture of existing cash resource and working capital. Should the need arise, the shareholders will inject additional capital.
Cashflow risk:
The company has access to adequate facilities through its current banking relationships. Additional funding sources exist to fund planned expansion and capital expenditure plans.
Approved and authorised by the
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Starfish 9 Ltd
trading as Starfish Construction
Directors' Report for the Year Ended 31 March 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
Directors of the company
The directors who held office during the year were as follows:
The following director was appointed after the year end:
Information included in the Strategic Report
Despite the challenges the UK economy faces, Starfish Construction has performed exceptionally well during the past year. There has been an increase in demand for the services our company provides. The need for sustainable building remediation, refurbishments and upgrades is forecast to remain high for the forseeable future.
Our ability to act in a Principal Contractor and Principal Designer role has had a positive impact on our long term order book. The size and complexity of the projects we have safely completed during the past year continues on an upward trajectory. This has been achieved through our hard work and commitment of our highly competent management team and skilled trade persons.
Future developments
Starfish 9 Ltd
trading as Starfish Construction
Directors' Report for the Year Ended 31 March 2025
Outlook
Our strong management and leadership have been able to create a compelling vision, as to the future direction of the company. Disciplined financial stewardship has allowed us to further strengthen our Balance Sheet and enhance our liquidity position.
Starfish Construction is well positioned for sustained growth, with a healthy order book, a robust balance sheet, and excellent liquidity, ensuring a bright and prosperous future. Our Strategic Development Plan for 2025 and 2026 includes further expansion of our service offering to our clients.
The company will continue to monitor market conditions closely to support long-term growth.
The company remains fully committed to the process of continual improvement.
Future Investments
Our compiled 5 year Strategic Development Plan includes both geographical expansion through the establishment of new Operational Hubs and developing our service offering to our clients.
Research and development
Starfish Constructions continues to invest heavily in land, buildings, new technology and the training and development of our people.
We deploy the latest technology in our work. The company undertakes on-going Research and Development activities to conquer the challenges of the Built Environment.
We are fully committed to technology which is sustainable and helps the UK meet our Net Zero Targets.
Going concern
These financial statements have been prepared on a going concern basis as the company continues to be profitable, has good cashflow, a healthy order book and sufficient resources to service those orders.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Clients 1st Accountancy Limited as auditors of the company is to be proposed at the forthcoming Annual General Meeting.
Approved and authorised by the
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Starfish 9 Ltd
trading as Starfish Construction
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Starfish 9 Ltd
trading as Starfish Construction
Independent Auditor's Report to the Members of Starfish 9 Ltd
Opinion
We have audited the financial statements of Starfish 9 Ltd (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account and Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Starfish 9 Ltd
trading as Starfish Construction
Independent Auditor's Report to the Members of Starfish 9 Ltd
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 6], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Starfish 9 Ltd
trading as Starfish Construction
Independent Auditor's Report to the Members of Starfish 9 Ltd
With regards to the detection and responding to fraud, we made enquiries of those charged with corporate governance and executive management as to whether there was any knowledge of actual, suspected or alleged fraud. We undertook discussions amongst the audit engagement team with respect to how and where fraud might occur in the financial statements and what the likely indicator would be.
We assessed the susceptibility of how the company is complying with those frameworks by making enquiries of those charged with governance and executive management. We collaborated our enquiries through correspondence with third partes where relevant and available.
We assessed the internal control environment to mitigate risks of fraud and non compliance with laws and regulations. In addition, we evaluated compliance with laws and regulations and made enquiries of any non compliances.
As a result of the procedures noted above we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud to be timing of recognition of income, posting of unusual journals and management override on controls.
There are inherent limitations on the audit procedures above and the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would be to become aware of it. Also the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
t/a P Grimley & Company
172 Kelvinhaugh Street
Glasgow
G3 8PR
Starfish 9 Ltd
trading as Starfish Construction
Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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|
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Administrative expenses |
( |
( |
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Other operating income |
|
- |
|
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Operating profit |
|
|
|
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Other interest receivable and similar income |
|
- |
|
|
Interest payable and similar charges |
( |
( |
|
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(20,484) |
(23,536) |
||
|
Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Retained earnings brought forward |
8,572,984 |
4,968,475 |
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Dividends paid |
( |
- |
|
|
Retained earnings carried forward |
14,213,952 |
8,572,982 |
Starfish 9 Ltd
trading as Starfish Construction
(Registration number: SC358097)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
|||
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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|
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Creditors: Amounts falling due after more than one year |
( |
( |
|
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Provisions for liabilities |
( |
( |
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Net assets |
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|
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Capital and reserves |
|||
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Called up share capital |
20,000 |
20,000 |
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Retained earnings |
14,213,952 |
8,572,982 |
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Shareholders' funds |
14,233,952 |
8,592,982 |
Approved and authorised by the
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Starfish 9 Ltd
trading as Starfish Construction
Statement of Cash Flows for the Year Ended 31 March 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Loss/(profit) on disposal of tangible assets |
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( |
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Finance income |
( |
- |
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Finance costs |
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Income tax expense |
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||
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Working capital adjustments |
|||
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Increase in stocks |
( |
( |
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Increase in trade debtors |
( |
( |
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(Decrease)/increase in trade creditors |
( |
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- |
- |
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Cash generated from operations |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
|||
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Interest received |
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- |
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
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Net cash flows from investing activities |
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( |
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Cash flows from financing activities |
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Interest paid |
( |
( |
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Proceeds from bank borrowing draw downs |
- |
( |
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Payments to finance lease creditors |
( |
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Dividends paid |
( |
- |
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Net cash flows from financing activities |
( |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at 1 April |
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Cash and cash equivalents at 31 March |
12,714,427 |
8,253,079 |
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Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Going concern
The financial statements have been prepared on a going concern basis.
Judgements
The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: |
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future, and by their nature, will rarely equal the related actual outcome.
The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:
The company has made estimates when accounting for various provisions such as work in progress and stock provisions. These estimates are a reflection of what the company believes to be realistic at that given time.
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Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
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2 |
Accounting policies (continued) |
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.
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:
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Asset class |
Depreciation method and rate |
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Land and buildings |
2% straight line on buildings |
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Plant and machinery |
20% reducing balance |
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Motor vehicles |
20% reducing balance |
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Fixtures and fittings |
20% reducing balance |
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.
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
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2 |
Accounting policies (continued) |
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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
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2 |
Accounting policies (continued) |
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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.
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
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Sale of goods |
|
|
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Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Government grants |
|
- |
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
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Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
- |
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
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Interest expense on other finance liabilities |
- |
|
|
|
|
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
|
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Other employee expense |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Production |
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Administration and support |
|
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Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
734,537 |
792,746 |
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
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Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
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UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
|
|
2,010,124 |
1,102,558 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Tangible assets |
|
Land and buildings |
Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||||
|
At 1 April 2024 |
|
|
|
|
|
|
Additions |
- |
|
- |
|
|
|
Disposals |
( |
- |
( |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 April 2024 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
- |
- |
- |
( |
( |
|
At 31 March 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 March 2025 |
|
|
|
|
|
|
At 31 March 2024 |
|
|
|
|
|
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
12 |
Tangible assets (continued) |
Included within the net book value of land and buildings above is £897,236 (2024 - £1,286,249) in respect of freehold land and buildings.
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Stocks |
|
2025 |
2024 |
|
|
Work in progress |
|
|
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash at bank |
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
- |
|
|
Social security and other taxes |
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Income tax liability |
2,008,733 |
1,096,681 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 April 2024 |
|
|
|
Increase (decrease) through business combinations |
( |
( |
|
At 31 March 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
20,000 |
|
20,000 |
Starfish 9 Ltd
trading as Starfish Construction
Notes to the Financial Statements for the Year Ended 31 March 2025
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
Current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
Bank borrowings represent a mortgage over the freehold property at 10 Jervison Street, and their bankers hold a charge over the property along with a bond and floating charge. The bank mortgage was repaid during the year.
|
Related party transactions |
During the year ended 31st March 2025, the company had no transactions with Starfish Construction Group Limited in which J Jessimer and C Jessimer are directors, and had no balance due (2024 £nil) to or from that company.
|
Transactions with directors |
|
2025 |
At 1 April 2024 |
Advances to director |
Repayments by director |
At 31 March 2025 |
|
J Jessimer |
||||
|
Directors loan account |
|
|
( |
( |
|
2024 |
At 1 April 2023 |
Advances to director |
At 31 March 2024 |
|
J Jessimer |
|||
|
Directors loan account |
|
|
|