| Star-Images Enterprises Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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The accounts are prepared in sterling, which is the functioonal currency of the company. Monetary amounts in these accounts are rounded to the nearest £. |
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Turnover |
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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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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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: |
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Freehold buildings |
1% on cost and over 5 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
25% on reducing balance |
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Computers and office equipment |
25% on reducing balance |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Stocks |
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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. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Leased assets |
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A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Cash at bank and in hand |
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Cash at bank and in hand includes cash and short-term highly liquidinvestments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
13 |
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12 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
| £ |
£ |
£ |
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Cost |
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At 1 October 2024 |
155,235 |
|
111,655 |
|
266,890 |
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At 30 September 2025 |
155,235 |
|
111,655 |
|
266,890 |
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Depreciation |
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At 1 October 2024 |
79,534 |
|
106,312 |
|
185,846 |
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Charge for the year |
1,552 |
|
1,336 |
|
2,888 |
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At 30 September 2025 |
81,086 |
|
107,648 |
|
188,734 |
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Net book value |
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At 30 September 2025 |
74,149 |
|
4,007 |
|
78,156 |
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At 30 September 2024 |
75,701 |
|
5,343 |
|
81,044 |
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| 4 |
Investments |
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| Other |
| investments |
| £ |
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Cost |
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At 1 October 2024 |
334 |
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At 30 September 2025 |
334 |
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| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
94,600 |
|
61,144 |
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Other debtors |
101,057 |
|
94,215 |
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195,657 |
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155,359 |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Bank loans and overdrafts |
5,352 |
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3,443 |
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Trade creditors |
435,650 |
|
475,006 |
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Taxation and social security costs |
407,557 |
|
316,131 |
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Other creditors |
1,429,544 |
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1,117,677 |
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2,278,103 |
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1,912,257 |
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| 7 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
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Total future minimum payments under non-cancellable operating leases |
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458,250 |
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174,867 |
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| 8 |
Other information |
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Star-Images Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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35d Newington Green |
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London |
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N16 9PR |