ONE HUNDRED STARS TRADING LIMITED

ONE HUNDRED STARS TRADING LIMITED

ONE HUNDRED STARS TRADING LIMITED - Company Information

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ONE HUNDRED STARS TRADING LIMITED

Company Registration Number:
08912969 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

ONE HUNDRED STARS TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

ONE HUNDRED STARS TRADING LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 977 0
Total fixed assets: 977 0
Current assets
Stocks: 88,000 115,000
Debtors: 4 64,247 7,423
Cash at bank and in hand: 275,164 158,467
Total current assets: 427,411 280,890
Creditors: amounts falling due within one year: 5 (101,360) (116,513)
Net current assets (liabilities): 326,051 164,377
Total assets less current liabilities: 327,028 164,377
Provision for liabilities: (195)
Total net assets (liabilities): 326,833 164,377
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 326,831 164,375
Shareholders funds: 326,833 164,377

The notes form part of these financial statements

ONE HUNDRED STARS TRADING LIMITED

Balance sheet statements

For the year ending 31 August 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 May 2018
and signed on behalf of the board by:

Name: Ms H Stevenson
Status: Director

The notes form part of these financial statements

ONE HUNDRED STARS TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at 25% on reducing balance in order to write off each asset over its estimated useful life.

ONE HUNDRED STARS TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Employees

2017 2016
Average number of employees during the period 3 2

ONE HUNDRED STARS TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Tangible Assets

Total
Cost £
At 01 September 2016 0
Additions 1,303
At 31 August 2017 1,303
Depreciation
At 01 September 2016 0
Charge for year 326
At 31 August 2017 326
Net book value
At 31 August 2017 977
At 31 August 2016 0

ONE HUNDRED STARS TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

4. Debtors

Trade debtors £61,041 (2016 £7,423). Other debtors £3,206 (2016 £nil).

ONE HUNDRED STARS TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

5. Creditors: amounts falling due within one year note

Trade creditors £29,020 (2016 £34,149). Taxation and social security £59,957 (2016 £51,852). Other creditors £12,383 (2016 £30,512).

ONE HUNDRED STARS TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

6. Related party transactions

Name of the related party: Rona Stevenson
Relationship:
Director
Description of the Transaction: During the year, dividends of £17,000 (2016 £29,000) were paid to Ms Stevenson.At the year end, £4,144 (2016 £13,309) was owed to Ms Stevenson by the company.
£
Balance at 01 September 2016 13,309
Balance at 31 August 2017 4,144
Name of the related party: Heather Stevenson
Relationship:
Director
Description of the Transaction: During the year, dividends of £17,000 (2016 £29,000) were paid to Ms Stevenson.At the year end, £4,144 (2016 £13,309) was owed to Ms Stevenson by the company.
£
Balance at 01 September 2016 13,309
Balance at 31 August 2017 4,144