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Unaudited Financial Statements for the Year Ended 31 March 2019 |
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100Starlings Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2019 |
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for |
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100Starlings Limited |
100Starlings Limited (Registered number: 09479495) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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100Starlings Limited |
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Company Information |
for the Year Ended 31 March 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Devonshire House |
582 Honeypot Lane |
Stanmore |
Middlesex |
HA7 1JS |
100Starlings Limited (Registered number: 09479495) |
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Statement of Financial Position |
31 March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
100Starlings Limited (Registered number: 09479495) |
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Statement of Financial Position - continued |
31 March 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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100Starlings Limited (Registered number: 09479495) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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100Starlings Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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100Starlings Limited (Registered number: 09479495) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 |
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Additions |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Other creditors |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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During the year ended 31 March 2019, 100Starlings Ltd owed £1,054 to its Directors. This amount is reflected in |
their respective director's loan accounts in credit balances, which is shown in other creditors under creditors due |
within one year. Please be advised that both the directors have agreed to provide this loan on an interest free |
basis and the loan is repayable on demand. |
100Starlings Limited (Registered number: 09479495) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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9. | RELATED PARTY DISCLOSURES |
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Contractor Fees paid to Bluesprite Ltd & ChaosCafe Ltd: |
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During the year ended 31 March 2019, Bluesprite Ltd provided services to the related company, 100Starlings |
Ltd. Bluesprite Ltd charged 100Starlings Ltd £39,801 for providing this service. The outstanding balance as at |
31 March 2019 was £6,428. This service was provided on commercial terms and was charged at fair value, being |
an arm's length transactions. |
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During the year ended 31 March 2019, ChaosCafe Ltd provided services to the related company, 100Starlings |
Ltd. ChaosCafe Ltd charged 100Starlings Ltd £95,000 for providing this service. The outstanding balance as at |
31 March 2019 was £60,000. This service was provided on commercial terms and was charged at fair value, |
being an arm's length transactions. |