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

REGISTERED NUMBER: 08454119 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Allstar Psychics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Mustard

I Ellis

B Mustard

T G Kernachan

M Rothwell

SECRETARY:

I Ellis

REGISTERED OFFICE:

1 Commercial Court

Briggate

LEEDS

West Yorkshire

LS1 6ER

REGISTERED NUMBER:

08454119 (England and Wales)

BANKERS:

Handelsbanken

5th Floor

3 The Embankment

Sovereign Street

LEEDS

LS1 4BJ

FIXED ASSETS

Tangible assets

4

16,160

18,950

Investments

5

85

85

16,245

19,035

CURRENT ASSETS

Debtors

6

249,665

208,671

Cash at bank and in hand

43,424

21,811

293,089

230,482

CREDITORS

Amounts falling due within one year

7

177,560

153,965

NET CURRENT ASSETS

115,529

76,517

TOTAL ASSETS LESS CURRENT LIABILITIES

131,774

95,552

CAPITAL AND RESERVES

Called up share capital

161

161

Retained earnings

131,613

95,391

SHAREHOLDERS' FUNDS

131,774

95,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 15 October 2020 and were signed on its behalf by:

J L Mustard - Director

I Ellis - Director

1.	STATUTORY INFORMATION

Allstar Psychics 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.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it

relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which

they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2019 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

36,978

Additions

2,596

At 31 March 2020

39,574

DEPRECIATION

At 1 April 2019

18,028

Charge for year

5,386

At 31 March 2020

23,414

NET BOOK VALUE

At 31 March 2020

16,160

At 31 March 2019

18,950

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2019

and 31 March 2020

85

NET BOOK VALUE

At 31 March 2020

85

At 31 March 2019

85

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

230,668

195,158

Other debtors

18,997

13,513

249,665

208,671

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

77,839

122,234

Taxation and social security

91,786

25,465

Other creditors

7,935

6,266

177,560

153,965