Registered number
SC447896
Star News (Fife) Ltd
Filleted Accounts
31 May 2025

Star News (Fife) Ltd
Registered number: | SC447896
Balance Sheet
as at 31 May 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 2,346 |  |  | 3,116
Current assets
Stocks |  |  | 27,500 |  |  | 27,500
Debtors | 4 |  | 170,000 |  |  | 170,000
Cash at bank and in hand |  |  | 4,282 |  |  | 13,058
|  |  | 201,782 |  |  | 210,558
Creditors: amounts falling due within one year | 5 |  | (26,133) |  |  | (10,763)
Net current assets |  |  |  | 175,649 |  |  | 199,795
Total assets less current liabilities |  |  |  | 177,995 |  |  | 202,911
Creditors: amounts falling due after more than one year | 6 |  |  | (109,748) |  |  | (135,768)
Provisions for liabilities |  |  |  | (446) |  |  | (592)
Net assets |  |  |  | 67,801 |  |  | 66,551
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 67,799 |  |  | 66,549
Shareholder's funds |  |  |  | 67,801 |  |  | 66,551
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Mukhtar
Director
Approved by the board on 30 January 2025

Star News (Fife) Ltd
Notes to the Accounts
for the year ended 31 May 2025
1 | Accounting policies
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | 15% by Reducing Balance
| Equipment, fixtures & fittings | 20% by Reducing Balance
| Motor Vehicles | 25% by Reducing Balance
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 2 |  | 2
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 June 2024 | 1,201 |  | 21,943 |  | 23,144
| At 31 May 2025 | 1,201 |  | 21,943 |  | 23,144
| Depreciation
| At 1 June 2024 | 1,020 |  | 19,008 |  | 20,028
| Charge for the year | 36 |  | 734 |  | 770
| At 31 May 2025 | 1,056 |  | 19,742 |  | 20,798
| Net book value
| At 31 May 2025 | 145 |  | 2,201 |  | 2,346
| At 31 May 2024 | 181 |  | 2,935 |  | 3,116
4 | Debtors | 2025 |  | 2024
£ | £
| Platinum Properties |  |  |  |  | 170,000 |  | 170,000
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 21,843 |  | 6,169
| Taxation and social security costs | 4,291 |  | 4,595
| Other creditors | (1) |  | (1)
|  |  |  |  |  | 26,133 |  | 10,763
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 10,700 |  | 20,700
| Funding Circle | 13,521 |  | 28,271
| Director's account | 85,527 |  | 86,797
|  |  |  |  |  | 109,748 |  | 135,768
7 | Other information
| Star News (Fife) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
| 6 Almondbank
| Glenrothes
| Fife
| KY7 4US

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