Company Registration No. 03966018 (England and Wales)
STAR AUTOS LIMITED
Unaudited accounts
for the year ended 28 February 2025
STAR AUTOS LIMITED
Unaudited accounts
Contents
STAR AUTOS LIMITED
Company Information
for the year ended 28 February 2025
Director
Mr Simon Peter Mills
Company Number
03966018 (England and Wales)
Registered Office
Unit 4, Pimhole Business Park
Pimhole Road
Bury
Lancashire
BL9 7ET
UK
Accountants
Eighty Twenty Business Limited
Bluebells
Grane Road
Haslingden
Lancashire
BB4 4AT
STAR AUTOS LIMITED
Statement of financial position
as at 28 February 2025
Tangible assets
1,141,184
1,269,334
Cash at bank and in hand
290,864
247,778
Creditors: amounts falling due within one year
(262,420)
(331,600)
Net current assets
268,989
184,464
Total assets less current liabilities
1,410,173
1,453,798
Creditors: amounts falling due after more than one year
(152,293)
(120,432)
Net assets
1,257,880
1,333,366
Called up share capital
6,000
6,000
Capital redemption reserve
(191,000)
(191,000)
Profit and loss account
1,442,880
1,518,366
Shareholders' funds
1,257,880
1,333,366
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2025 and were signed on its behalf by
Mr Simon Peter Mills
Director
Company Registration No. 03966018
STAR AUTOS LIMITED
Notes to the Accounts
for the year ended 28 February 2025
STAR AUTOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03966018. The registered office is Unit 4, Pimhole Business Park, Pimhole Road, Bury, Lancashire, BL9 7ET, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods and services is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
STAR AUTOS LIMITED
Notes to the Accounts
for the year ended 28 February 2025
4
Intangible fixed assets
Goodwill
At 28 February 2025
90,000
At 28 February 2025
90,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
1,707,605
247,803
75,850
2,031,258
Additions
12,150
127,255
-
139,405
Disposals
(118,000)
(71,995)
-
(189,995)
At 28 February 2025
1,601,755
303,063
75,850
1,980,668
At 1 March 2024
599,108
99,127
63,689
761,924
Charge for the year
120,544
37,169
3,040
160,753
On disposals
(37,172)
(46,021)
-
(83,193)
At 28 February 2025
682,480
90,275
66,729
839,484
At 28 February 2025
919,275
212,788
9,121
1,141,184
At 29 February 2024
1,108,497
148,676
12,161
1,269,334
Amounts falling due within one year
Trade debtors
235,945
248,986
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
118,414
100,436
Trade creditors
32,271
228,810
Taxes and social security
69,173
6,449
Loans from directors
(768)
(6,302)
STAR AUTOS LIMITED
Notes to the Accounts
for the year ended 28 February 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
152,293
120,432
Allotted, called up and fully paid:
3,600 Ordinary 'A' Shares of £1 each
3,600
3,600
2,400 Ordinary 'B' Shares of £1 each
2,400
2,400
10
Average number of employees
During the year the average number of employees was 11 (2024: 14).