Abbreviated Company Accounts - NEW STAR INTERNATIONAL CO. LIMITED

NEW STAR INTERNATIONAL CO. LIMITED - Company Information

02778428 NEW STAR INTERNATIONAL CO. LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 02778428 2014-02-01 2015-01-31 02778428 2015-01-31 02778428 2014-01-31 02778428 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 02778428 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 02778428

NEW STAR INTERNATIONAL CO. LIMITED

Abbreviated Accounts

31 January 2015

NEW STAR INTERNATIONAL CO. LIMITED Registered Number 02778428

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,659	5,029
		1,659	5,029
Current assets
Stocks		58,000	68,000
Debtors		15,992	18,606
Cash at bank and in hand		18,843	24,584
		92,835	111,190
Creditors: amounts falling due within one year		(59,594)	(72,356)
Net current assets (liabilities)		33,241	38,834
Total assets less current liabilities		34,900	43,863
Creditors: amounts falling due after more than one year		(28,467)	(28,467)
Total net assets (liabilities)		6,433	15,396
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		6,429	15,392
Shareholders' funds		6,433	15,396

For the year ending 31 January 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 August 2015

And signed on their behalf by:
MR H T YIP, Director

NEW STAR INTERNATIONAL CO. LIMITED Registered Number 02778428

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value Added Tax.

Tangible assets depreciation policy
Fixed assets
All fixed assets are initially recorded at cost.

Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows:

Fixtures & fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance

Other accounting policies
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

2Tangible fixed assets

	£
Cost
At 1 February 2014	55,937
Additions	-
Disposals	(35,235)
Revaluations	-
Transfers	-
At 31 January 2015	20,702
Depreciation
At 1 February 2014	50,908
Charge for the year	552
On disposals	(32,417)
At 31 January 2015	19,043
Net book values
At 31 January 2015	1,659
At 31 January 2014	5,029

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4