Abbreviated Company Accounts - STAR ENGINEERING LIMITED
Abbreviated Company Accounts - STAR ENGINEERING LIMITED
Registered Number 05607391
STAR ENGINEERING LIMITED
Abbreviated Accounts
31 August 2015
STAR ENGINEERING LIMITED Registered Number 05607391
Abbreviated Balance Sheet as at 31 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 August 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
And signed on their behalf by:
STAR ENGINEERING LIMITED Registered Number 05607391
Notes to the Abbreviated Accounts for the period ended 31 August 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold 25% Straight Line
Plant and machinery 25% Straight Line
Computer equipment 25% Straight Line
Fixtures, fittings & equipment 25% Straight Line
Motor vehicles 25% Straight Line
Other accounting policies
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
£ | |
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Cost | |
At 1 September 2014 |
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Additions |
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Disposals |
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Revaluations |
( |
Transfers |
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At 31 August 2015 |
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Depreciation | |
At 1 September 2014 |
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Charge for the year |
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On disposals |
( |
At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 154,136 |
At 31 August 2014 | 80,626 |