Allstar Psychics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08454119 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Allstar Psychics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Mustard

I Ellis

B Mustard

SECRETARY:

I Ellis

REGISTERED OFFICE:

1 Commercial Court

Briggate

LEEDS

West Yorkshire

LS1 6ER

REGISTERED NUMBER:

08454119 (England and Wales)

BANKERS:

Handelsbanken

5th Floor

3 The Embankment

Sovereign Street

LEEDS

LS1 4BJ

SOLICITORS:

Walker Morris

Kings Court

12 King Street

LEEDS

LS1 2HL

FIXED ASSETS

Tangible assets

4

15,193

15,595

Investments

5

85

1

15,278

15,596

CURRENT ASSETS

Debtors

6

290,517

349,994

Cash at bank

81,855

23,090

372,372

373,084

CREDITORS

Amounts falling due within one year

7

303,484

320,913

NET CURRENT ASSETS

68,888

52,171

TOTAL ASSETS LESS CURRENT LIABILITIES

84,166

67,767

CAPITAL AND RESERVES

Called up share capital

161

161

Retained earnings

84,005

67,606

SHAREHOLDERS' FUNDS

84,166

67,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 5 November 2018 and were signed on its behalf by:

J L Mustard - Director

I Ellis - Director

1.	STATUTORY INFORMATION

Allstar Psychics 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

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

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

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

22,242

Additions

4,662

At 31 March 2018

26,904

DEPRECIATION

At 1 April 2017

6,647

Charge for year

5,064

At 31 March 2018

11,711

NET BOOK VALUE

At 31 March 2018

15,193

At 31 March 2017

15,595

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

1

Additions

84

At 31 March 2018

85

NET BOOK VALUE

At 31 March 2018

85

At 31 March 2017

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

276,071

339,054

Other debtors

14,446

10,940

290,517

349,994

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

137,147

213,742

Taxation and social security

166,022

95,543

Other creditors

315

11,628

303,484

320,913