Registered number
04403129
STERLING MEDIA LIMITED
Filleted Accounts
For the year ended 31 March 2023
STERLING MEDIA LIMITED
Registered number: 04403129
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 38,597 43,837
Current assets
Debtors 4 741,740 747,121
Cash at bank and in hand 466,608 524,822
1,208,348 1,271,943
Creditors: amounts falling due within one year 5 (116,188) (171,788)
Net current assets 1,092,160 1,100,155
Total assets less current liabilities 1,130,757 1,143,992
Creditors: amounts falling due after more than one year 6 - (100,000)
Net assets 1,130,757 1,043,992
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,130,747 1,043,982
Shareholders' funds 1,130,757 1,043,992
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Tajinder Mudhar
Director
Approved by the board on 22 January 2024
STERLING MEDIA LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 15% Reducing balance method
Plant & machinery 25% Reducing balance method
Furniture & Fixtures 15% Reducing balance method
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Office equipment Plant & machinery Furniture & Fixtures Total
£ £ £ £
Cost
At 1 April 2022 6,666 50,268 83,316 140,250
Additions 1,570 - - 1,570
At 31 March 2023 8,236 50,268 83,316 141,820
Depreciation
At 1 April 2022 1,000 48,554 46,859 96,413
Charge for the year 1,085 257 5,468 6,810
At 31 March 2023 2,085 48,811 52,327 103,223
Net book value
At 31 March 2023 6,151 1,457 30,989 38,597
At 31 March 2022 5,666 1,714 36,457 43,837
4 Debtors 2023 2022
£ £
Trade debtors 29,138 22,984
Other debtors 712,602 724,137
741,740 747,121
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 3,963
Trade creditors 3,018 45,083
Taxation and social security costs 113,170 122,742
116,188 171,788
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 100,000
7 Controlling party
The company is under the control of T Mudhar by virtue of her shareholding.
8 Other information
STERLING MEDIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
429-433 Pinner Road
Pinner Road
Harrow
England
HA1 4HN
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