Steller Ltd ABBREVIATED ACCOUNTS COVER
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Company No. 08149423
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Steller Ltd ABBREVIATED BALANCE SHEET
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at
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Company No.
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Notes
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2015
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2014
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£
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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Debtors
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Cash at bank and in hand
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Creditors: Amounts falling due within one year
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(
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(
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Net current (liabilities)/assets
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(
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Total assets less current liabilities
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(
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Net (liabilities)/assets
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(
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Capital and reserves
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Called up share capital
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3
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Profit and loss account
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(
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Shareholder's funds
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(
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Approved by the board on 27 April 2016
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And signed on its behalf by:
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D.J. Macmillan
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Director
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27 April 2016
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Steller Ltd NOTES TO THE ABBREVIATED ACCOUNTS
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for the year ended 31 July 2015
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1
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Accounting policies
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Basis of preparation
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Going concern
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As at the balance sheet date, the company's liabilities exceeded its assets by £963 The company meets its day to day working capital requirements from sales receipts and loans from directors. The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the directors continuing support by providing interest free loans. The directors believe the financial statement should be prepared on the going concern basis.
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Turnover
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Tangible fixed assets and depreciation
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
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Furniture, fittings and equipment
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Foreign currencies
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Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. |
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2
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Fixed assets
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Tangible fixed assets
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Total
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£
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£
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Cost or revaluation
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At 1 August 2014
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694
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At 31 July 2015
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694
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Amortisation
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At 1 August 2014
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303
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Charge for the year
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98
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At 31 July 2015
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401
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Net book values
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At 31 July 2015
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293
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At 31 July 2014
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391
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3
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Share Capital
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Nominal value
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2015
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2015
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2014
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£
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Number
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£
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£
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Allotted, called up and fully paid:
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100
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100
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4
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Advances and credits to directors
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Included within Other debtors are the following loans to directors:
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Director
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Description
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At 1 August 2014
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Advanced
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Repaid
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At 31 July 2015
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£
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£
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£
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£
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-
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(
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-
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-
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(
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-
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