Star Engineering Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05607391 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

STAR ENGINEERING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Antley

M S Ball

R A Ball

P J Antley

Mrs J L Allison

REGISTERED OFFICE:

Star House

Pentre Industrial Park

Chester Road

Sandycroft

Flintshire

CH5 2DQ

REGISTERED NUMBER:

05607391 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

Chartered Accountants

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

2

80,626

116,936

CURRENT ASSETS

Stocks

95,328

114,491

Debtors

213,476

188,810

Cash at bank and in hand

136,587

28,336

445,391

331,637

CREDITORS

Amounts falling due within one year

3

309,820

275,920

NET CURRENT ASSETS

135,571

55,717

TOTAL ASSETS LESS CURRENT LIABILITIES

216,197

172,653

CREDITORS

Amounts falling due after more than one year

3

(32,849

)

(52,088

)

PROVISIONS FOR LIABILITIES

(6,886

)

(10,873

)

NET ASSETS

176,462

109,692

CAPITAL AND RESERVES

Called up share capital

4

110

110

Capital redemption reserve

1

1

Profit and loss account

176,351

109,581

SHAREHOLDERS' FUNDS

176,462

109,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 February 2015 and were signed on its behalf by:

M S Ball - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the value of goods supplied and services provided during the year, exclusive

of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful

lives. Those held under finance leases are depreciated over their estimated useful lives or the

lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

180,065

Additions

3,990

At 31 August 2014

184,055

DEPRECIATION

At 1 September 2013

63,129

Charge for year

40,300

At 31 August 2014

103,429

NET BOOK VALUE

At 31 August 2014

80,626

At 31 August 2013

116,936

3.

CREDITORS

Creditors include an amount of £ 39,476 (2013 - £ 47,823 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary B shares

£1

10

10

110

110