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REGISTERED NUMBER: 01810802 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Chris Sterling Enterprises Limited

Chris Sterling Enterprises Limited (Registered number: 01810802)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chris Sterling Enterprises Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr C D Sterling
Mrs E J J Smith



SECRETARY: Mrs E J J Smith



REGISTERED OFFICE: 5A Hopton Road
Hopton Industrial Estate
Devizes
Wiltshire
SN10 2EU



REGISTERED NUMBER: 01810802 (England and Wales)



BANKERS: HSBC Bank plc
Unit 6
The Lock
Canal Walk
Swindon
Wiltshire
SN1 1LD

Chris Sterling Enterprises Limited (Registered number: 01810802)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,875,679 2,886,633

CURRENT ASSETS
Stocks 281,416 270,224
Debtors 5 3,425,622 3,452,062
Cash at bank and in hand 23,621 6,308
3,730,659 3,728,594
CREDITORS
Amounts falling due within one year 6 281,999 292,386
NET CURRENT ASSETS 3,448,660 3,436,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,324,339

6,322,841

PROVISIONS FOR LIABILITIES 2,519 2,173
NET ASSETS 6,321,820 6,320,668

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 154,566 154,566
Retained earnings 6,167,154 6,166,002
SHAREHOLDERS' FUNDS 6,321,820 6,320,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr C D Sterling - Director


Chris Sterling Enterprises Limited (Registered number: 01810802)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Chris Sterling Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net invoiced value of the sale of goods excluding applicable Value Added Tax. Revenue is recognised at the point of despatch when title passes to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on straight line basis
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land is not depreciated.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 5 ) .

Chris Sterling Enterprises Limited (Registered number: 01810802)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 2,964,610 38,571 33,083 32,359 3,068,623
Additions - 675 1,144 - 1,819
Disposals - - (50 ) - (50 )
At 31 May 2023 2,964,610 39,246 34,177 32,359 3,070,392
DEPRECIATION
At 1 June 2022 94,111 34,371 25,729 27,779 181,990
Charge for year 8,747 1,218 1,613 1,145 12,723
At 31 May 2023 102,858 35,589 27,342 28,924 194,713
NET BOOK VALUE
At 31 May 2023 2,861,752 3,657 6,835 3,435 2,875,679
At 31 May 2022 2,870,499 4,200 7,354 4,580 2,886,633

Included in cost of land and buildings is freehold land of £ 2,663,247 (2022 - £ 2,663,247 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 378,029 342,751
Other debtors 2,854,079 2,914,834
Tax recoverable 78,324 78,324
VAT recoverable 1,966 2,866
Prepayments and accrued income 113,224 113,287
3,425,622 3,452,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,072 54,964
Tax 2,147 -
Social security and other taxes 1,873 2,026
Directors' current accounts 222,106 221,703
Accruals and deferred income 13,801 13,693
281,999 292,386

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C D Sterling.