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REGISTERED NUMBER: 05007848 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 JANUARY 2023

FOR

STERLING ACCOUNTANCY (BIRMINGHAM)
LIMITED

STERLING ACCOUNTANCY (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 05007848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STERLING ACCOUNTANCY (BIRMINGHAM)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 JANUARY 2023







Director: A Hussain





Secretary: Mrs S Hussain





Registered office: 21 Thornby Avenue
Solihull
West Midlands
B91 2BJ





Registered number: 05007848 (England and Wales)





Accountants: Sturgess Hutchinson
Chartered Certified Accountants
21 New Walk
Leicester
LE1 6TE

STERLING ACCOUNTANCY (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 05007848)

BALANCE SHEET
5 JANUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 9,142 16,980

Current assets
Debtors 5 153,838 165,639
Cash at bank 158,451 161,457
312,289 327,096
Creditors
Amounts falling due within one year 6 30,353 40,469
Net current assets 281,936 286,627
Total assets less current liabilities 291,078 303,607

Provisions for liabilities 1,610 3,071
Net assets 289,468 300,536

Capital and reserves
Called up share capital 2 2
Retained earnings 289,466 300,534
Shareholders' funds 289,468 300,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 January 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 19 September 2023 and were signed by:





A Hussain - Director


STERLING ACCOUNTANCY (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 05007848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 JANUARY 2023

1. Statutory information

Sterling Accountancy (Birmingham) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Fixtures, fittings and equipt - 20% on reducing balance

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.

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 2 (2022 - 2 ) .

STERLING ACCOUNTANCY (BIRMINGHAM)
LIMITED (REGISTERED NUMBER: 05007848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 JANUARY 2023

4. Tangible fixed assets
Fixtures,
fittings
and
equipt
£   
Cost
At 6 January 2022 52,408
Additions 3,828
Disposals (42,789 )
At 5 January 2023 13,447
Depreciation
At 6 January 2022 35,428
Charge for year 2,286
Eliminated on disposal (33,409 )
At 5 January 2023 4,305
Net book value
At 5 January 2023 9,142
At 5 January 2022 16,980

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Directors' current accounts 137,588 149,389
Tax 16,250 16,250
153,838 165,639

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Corporation tax 23,260 34,825
Other taxes and
social security costs 5,193 3,724
Other creditors 1,900 1,920
30,353 40,469

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 5 January 2023 and 5 January 2022:

2023 2022
£    £   
A Hussain
Balance outstanding at start of year 149,390 212,017
Amounts advanced 179,065 104,054
Amounts repaid (190,866 ) (166,681 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 137,589 149,390