THE STELLAR COLLECTIVE LIMITED

THE STELLAR COLLECTIVE LIMITED

THE STELLAR COLLECTIVE LIMITED - Company Information

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THE STELLAR COLLECTIVE LIMITED

Company Registration Number:
11103163 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 08 December 2017

End date: 31 December 2018

THE STELLAR COLLECTIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

THE STELLAR COLLECTIVE LIMITED

Balance sheet

As at 31 December 2018


Notes
13 months to 31 December 2018


£
Fixed assets
Tangible assets: 3 1,212
Total fixed assets: 1,212
Current assets
Debtors: 4 23,458
Cash at bank and in hand: 35,684
Total current assets: 59,142
Creditors: amounts falling due within one year:   (30,260)
Net current assets (liabilities): 28,882
Total assets less current liabilities: 30,094
Provision for liabilities: (215)
Total net assets (liabilities): 29,879
Capital and reserves
Called up share capital: 100
Profit and loss account: 29,779
Shareholders funds: 29,879

The notes form part of these financial statements

THE STELLAR COLLECTIVE LIMITED

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 September 2019
and signed on behalf of the board by:

Name: P Bayley
Status: Director

The notes form part of these financial statements

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of work performed (excluding VAT) during the period.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.Office Equipment – 25% reducing balance basis.

Other accounting policies

Debtors and Creditors Receivable/Payable Within One YearDebtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.TaxationTaxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

13 months to 31 December 2018
Average number of employees during the period 2

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
Additions 1,499
At 31 December 2018 1,499
Depreciation
Charge for year 287
At 31 December 2018 287
Net book value
At 31 December 2018 1,212

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Debtors

Debtors include £2,554 owed to P Bayley and £1,702 owed to Mrs L R Smyth, being Directors and Shareholders in the Company. No interest was charged on these amounts and they represent the maximum sum owed. They have been repaid since the year end.