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REGISTERED NUMBER: 09455341 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 FEBRUARY 2022 TO 24 FEBRUARY 2023

FOR

STERLING WELSH LIMITED

STERLING WELSH LIMITED (REGISTERED NUMBER: 09455341)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 FEBRUARY 2022 TO 24 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STERLING WELSH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 26 FEBRUARY 2022 TO 24 FEBRUARY 2023







DIRECTOR: D Rose





SECRETARY:





REGISTERED OFFICE: 159, Glanmor Road
Sketty
Swansea
SA2 ORN





REGISTERED NUMBER: 09455341 (England and Wales)





ACCOUNTANTS: Roger Byers & Co. Limited
Castle Buildings
23 Church Place
Neath
SA11 3LP

STERLING WELSH LIMITED (REGISTERED NUMBER: 09455341)

BALANCE SHEET
24 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 160,000 168,000
Tangible assets 5 4,432 4,871
164,432 172,871

CURRENT ASSETS
Debtors 6 506 506
Cash at bank 15,514 5,064
16,020 5,570
CREDITORS
Amounts falling due within one year 7 (132,738 ) (74,050 )
NET CURRENT LIABILITIES (116,718 ) (68,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,714

104,391

CREDITORS
Amounts falling due after more than one
year

8

(33,614

)

(43,750

)
NET ASSETS 14,100 60,641

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 200,000 200,000
Retained earnings (186,000 ) (139,459 )
SHAREHOLDERS' FUNDS 14,100 60,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 February 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.

STERLING WELSH LIMITED (REGISTERED NUMBER: 09455341)

BALANCE SHEET - continued
24 FEBRUARY 2023


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 10 March 2024 and were signed by:





D Rose - Director


STERLING WELSH LIMITED (REGISTERED NUMBER: 09455341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 FEBRUARY 2022 TO 24 FEBRUARY 2023


1. STATUTORY INFORMATION

Sterling Welsh 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

STERLING WELSH LIMITED (REGISTERED NUMBER: 09455341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 FEBRUARY 2022 TO 24 FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 26 February 2022
and 24 February 2023 200,000
AMORTISATION
At 26 February 2022 32,000
Charge for period 8,000
At 24 February 2023 40,000
NET BOOK VALUE
At 24 February 2023 160,000
At 25 February 2022 168,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 26 February 2022
and 24 February 2023 6,289
DEPRECIATION
At 26 February 2022 1,418
Charge for period 439
At 24 February 2023 1,857
NET BOOK VALUE
At 24 February 2023 4,432
At 25 February 2022 4,871

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 506 506

STERLING WELSH LIMITED (REGISTERED NUMBER: 09455341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 FEBRUARY 2022 TO 24 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,189 56,899
Trade creditors 1 900
Taxation and social security 2,291 4,291
Other creditors 97,257 11,960
132,738 74,050

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,614 43,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Revaluation
reserve
£   
At 26 February 2022
and 24 February 2023 200,000