Company Registration No. 05080847 (England and Wales)
POWER STAR LTD
Filleted accounts
for the year ended 31 March 2023
POWER STAR LTD
Filleted accounts
Contents
POWER STAR LTD
Company Information
for the year ended 31 March 2023
Director
Jabran Ahmed SONI
Company Number
05080847 (England and Wales)
Registered Office
28 DEMMINGS INDUSTRIAL ESTATE
DEMMINGS ROAD
STOCKPORT CHEADLE
CHESHIRE
SK8 2PE
POWER STAR LTD
Statement of financial position
as at 31 March 2023
Tangible assets
22,095
7,745
Inventories
132,160
152,450
Cash at bank and in hand
75,377
115,884
Creditors: amounts falling due within one year
(95,755)
(121,444)
Net current assets
181,980
199,582
Total assets less current liabilities
204,075
207,327
Creditors: amounts falling due after more than one year
(38,615)
(44,825)
Provisions for liabilities
Deferred tax
(1,675)
(1,675)
Net assets
163,785
160,827
Called up share capital
100
100
Profit and loss account
163,685
160,727
Shareholders' funds
163,785
160,827
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 December 2023 and were signed on its behalf by
Jabran Ahmed SONI
Director
Company Registration No. 05080847
POWER STAR LTD
Notes to the Accounts
for the year ended 31 March 2023
POWER STAR LTD is a private company, limited by shares, registered in England and Wales, registration number 05080847. The registered office is 28 DEMMINGS INDUSTRIAL ESTATE, DEMMINGS ROAD, STOCKPORT CHEADLE, CHESHIRE, SK8 2PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
6,602
-
33,758
40,360
Additions
-
18,250
-
18,250
At 31 March 2023
6,602
18,250
33,758
58,610
At 1 April 2022
5,487
-
27,128
32,615
Charge for the year
167
2,738
995
3,900
At 31 March 2023
5,654
2,738
28,123
36,515
At 31 March 2023
948
15,512
5,635
22,095
At 31 March 2022
1,115
-
6,630
7,745
Amounts falling due within one year
Trade debtors
18,377
5,453
Amounts due from group undertakings etc.
20,321
24,571
Other debtors
31,500
22,668
POWER STAR LTD
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
28,162
38,861
Amounts owed to group undertakings and other participating interests
26,000
73,000
Taxes and social security
1,609
2,044
Other creditors
16,900
1,464
Loans from directors
10,072
-
7
Creditors: amounts falling due after more than one year
2023
2022
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Average number of employees
During the year the average number of employees was 2 (2022: 2).
