5 Star Cups Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06767739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

5 STAR CUPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S W Binns

SECRETARY:

Mrs L S Lever

REGISTERED OFFICE:

7 Carr Bank Lodge

Ramsbottom Lane

Ramsbottom

Bury

BL0 9DJ

REGISTERED NUMBER:

06767739 (England and Wales)

ACCOUNTANTS:

Steggles & Co

2A Peel Street

Farnworth

Bolton

BL4 8AA

BANKERS:

Royal Bank of Scotland plc

27 Bridge Street

Ramsbottom

Bury

Lancashire

BL0 9AD

FIXED ASSETS

Tangible assets

4

125,118

167,537

CURRENT ASSETS

Stocks

99,211

76,564

Debtors

5

558,281

397,021

Cash at bank and in hand

18,327

1,858

675,819

475,443

CREDITORS

Amounts falling due within one year

6

145,038

162,604

NET CURRENT ASSETS

530,781

312,839

TOTAL ASSETS LESS CURRENT LIABILITIES

655,899

480,376

PROVISIONS FOR LIABILITIES

15,589

22,742

NET ASSETS

640,310

457,634

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

640,210

457,534

SHAREHOLDERS' FUNDS

640,310

457,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 July 2018 and were signed by:

S W Binns - Director

1.	STATUTORY INFORMATION

5 Star Cups Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2016 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

424,189

DEPRECIATION

At 1 January 2017

256,652

Charge for year

42,419

At 31 December 2017

299,071

NET BOOK VALUE

At 31 December 2017

125,118

At 31 December 2016

167,537

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

213,505

337,407

Amounts owed by associates

327,608

48,888

Other debtors

17,168

10,726

558,281

397,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

13,398

12,212

Taxation and social security

66,686

82,042

Other creditors

64,954

68,350

145,038

162,604

7.	OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at year end of £116,234 (2016:

£17,698).

8.	RELATED PARTY DISCLOSURES

At 31 December 2017 the company owed £63,000 to a shareholder (2016: £63,000). No interest has been charged to

the company in respect of the loan which is repayable on demand and is classified in creditors due within one year.

During the year the company sold goods to the value of £215,739 (2016: £193,851) net of vat, in the normal course

of business, to Cooldelight Desserts Limited a company controlled by Mr S W Binns. The balance outstanding at

year end is included in Debtors due within one year.