Allstar Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00986731 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

ALLSTAR DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J S Harper

Mrs R V Harper

SECRETARY:

J S Harper

REGISTERED OFFICE:

195 Bromsgrove Road

Hunnington

HALESOWEN

West Midlands

B62 0JS

REGISTERED NUMBER:

00986731 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Chartered Accountants

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

FIXED ASSETS

Tangible assets

4

429

512

CURRENT ASSETS

Stocks

1,198,767

405,707

Debtors

5

5,087

2,139

Cash at bank

250,913

1,054,256

1,454,767

1,462,102

CREDITORS

Amounts falling due within one year

6

103,175

79,951

NET CURRENT ASSETS

1,351,592

1,382,151

TOTAL ASSETS LESS CURRENT LIABILITIES

1,352,021

1,382,663

CREDITORS

Amounts falling due after more than one year

7

(30,065

)

(30,065

)

PROVISIONS FOR LIABILITIES

(105

)

(105

)

NET ASSETS

1,321,851

1,352,493

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,321,551

1,352,193

SHAREHOLDERS' FUNDS

1,321,851

1,352,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 June 2019 and were signed on its behalf by:

J S Harper - Director

1.	STATUTORY INFORMATION

Allstar Developments Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

The company's property is held for long-term investment. Depreciation is not provided in respect of freehold

investment properties.

This policy represents a departure from the statutory accounting principles, which require depreciation to be

provided on all fixed assets. The directors consider that this policy is necessary in order that the financial

statements may give a true and fair view, because current values and changes in current values are of prime

importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many

factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be

separately identified or quantified.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2017

and 30 September 2018

6,857

2,015

8,872

DEPRECIATION

At 1 October 2017

6,377

1,983

8,360

Charge for year

72

11

83

At 30 September 2018

6,449

1,994

8,443

NET BOOK VALUE

At 30 September 2018

408

21

429

At 30 September 2017

480

32

512

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

5,087

2,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

(1

)

Taxation and social security

-

41,191

Other creditors

103,175

38,761

103,175

79,951

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

30,065

30,065

8.	RELATED PARTY DISCLOSURES