Accounts filed on 30-06-2016

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			Company registration number:03213774
		STARTEAM (GB) LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 30 June 2016

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STARTEAM (GB) LIMITED
BALANCE SHEET
AS AT 30 June 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Investments					1				1
Tangible assets		2			260,645				267,007
					260,646				267,008
CURRENT ASSETS
Debtors			223,638				221,058
Cash at bank and in hand			204,251				235,267
			427,889				456,325
CREDITORS
Amounts falling due within one year			(75,888)				(73,752)
NET CURRENT ASSETS					352,001				382,573
TOTAL ASSETS LESS
CURRENT LIABILITIES					612,647				649,581
NET ASSETS					612,647				649,581
CAPITAL AND RESERVES
Called-up equity share capital		4			50,000				50,000
Profit and loss account					562,647				599,581
SHAREHOLDERS FUNDS					612,647				649,581
For the year ending 30 June 2016 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
G Martelli
25 January 2017
The annexed notes form part of these financial statements.

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STARTEAM (GB) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Investments

Investments which have been classified as fixed assets are included at cost less any reductions in the value of those investments which are considered to be permanent.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Plant and machinery 20% per annum reducing balance

Fixtures and fittings 20% per annum reducing balance

Land and buildings 2% per annum of cost Property improvements 10% per annum of cost

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

Group accounts

Consolidated accounts have not been prepared by virtue of the group, as headed by the company, qualifying as a small group in accordance with Sections 382 and 383 of the Companies Act 2006.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			363,637
	Additions			169
	At end of period			363,806
	Depreciation
	At start of period			96,630
	Provided during the period			6,531
	At end of period			103,161
	Net Book Value
	At start of period			267,007
	At end of period			260,645

3.	Debtors
	Debtors include £70,594 (2015 £71,794) In respect of amounts due after more than one year.
	Included in other debtors due within one year is a loan of £2,406 (2015 £2,406) to G Martelli, the director. The maximum amount outstanding during the year was £2,406.

4.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				50,000	50,000
	Total issued share capital				50,000	50,000
5.	Ultimate controlling party
	The company is under the control of the Martelli family.