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Company Registration No. 08843707 (England and Wales)
Sterling Executive Recruitment Limited Unaudited accounts for the year ended 31 January 2023
Sterling Executive Recruitment Limited Unaudited accounts Contents
Page
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Sterling Executive Recruitment Limited Company Information for the year ended 31 January 2023
Directors
Daryl Stickland Emma Stickland
Company Number
08843707 (England and Wales)
Registered Office
Chalfont St Peter Buckinghamshire SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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Sterling Executive Recruitment Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
70 
1,303 
Creditors: amounts falling due within one year
(4,881)
(3,303)
Net current liabilities
(4,811)
(2,000)
Total assets less current liabilities
(4,811)
(2,000)
Creditors: amounts falling due after more than one year
(2,026)
(2,984)
Net liabilities
(6,837)
(4,984)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(6,847)
(4,994)
Shareholders' funds
(6,837)
(4,984)
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by
Daryl Stickland Director Company Registration No. 08843707
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Sterling Executive Recruitment Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Sterling Executive Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 08843707. The registered office is Chalfont St Peter, Buckinghamshire, SL9 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum of cost
Computer equipment
20% per annum of cost
Other tangible fixed assets
20% per annum of cost
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
5,205 
At 31 January 2023
5,205 
Depreciation
At 1 February 2022
5,205 
At 31 January 2023
5,205 
Net book value
At 31 January 2023
- 
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Sterling Executive Recruitment Limited Notes to the Accounts for the year ended 31 January 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
936 
936 
Loans from directors
3,450 
1,752 
Accruals
495 
615 
4,881 
3,303 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £936 (2022 £936). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,026 
2,984 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £2,026 (2022 £2,984). The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Loans to directors
At 31 January 2023, the company owed the directors £3,450 (2022 - £1,752). This was an interest bearing loan repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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