Acorah Software Products - Accounts Production 14.5.501 false true true 31 December 2022 20 January 2022 false 15 March 2024 No description of principal activity 1 January 2023 31 December 2023 31 December 2023 13862089 Mr Bradley Moore Mrs Jean Moore Sterling Computers Corporation (US) true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13862089 2022-12-31 13862089 2023-12-31 13862089 2023-01-01 2023-12-31 13862089 frs-core:CurrentFinancialInstruments 2023-12-31 13862089 frs-core:ShareCapital 2023-12-31 13862089 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13862089 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13862089 frs-bus:FullAccounts 2023-01-01 2023-12-31 13862089 frs-bus:SmallEntities 2023-01-01 2023-12-31 13862089 frs-bus:Audited 2023-01-01 2023-12-31 13862089 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13862089 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-01-01 2023-12-31 13862089 1 2023-01-01 2023-12-31 13862089 frs-bus:Director1 2023-01-01 2023-12-31 13862089 frs-bus:Director2 2023-01-01 2023-12-31 13862089 frs-countries:EnglandWales 2023-01-01 2023-12-31 13862089 2022-01-19 13862089 2022-12-31 13862089 2022-01-20 2022-12-31 13862089 frs-core:CurrentFinancialInstruments 2022-12-31 13862089 frs-core:ShareCapital 2022-12-31 13862089 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13862089
Sterling Computers Corporation (UK) Ltd
Directors' Report and
Financial Statements
For The Year Ended 31 December 2023
Directors' Report and Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Independent Auditor's Report 3—5
Profit and Loss Account 6
Balance Sheet 7
Notes to the Financial Statements 8—10
Page 1
Company Information
Directors Mr Bradley Moore
Mrs Jean Moore
Company Number 13862089
Registered Office 5 The Green
Richmond
Surrey
TW9 1PL
Accountants Orsa Saiwai Limited
5 The Green
Richmond
TW9 1PL
Auditors Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
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Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2023.
Directors
The directors who held office during the year were as follows:
Mr Bradley Moore
Mrs Jean Moore
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved: 
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Auditor
The auditor, Crowe U.K. LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Bradley Moore
Director
15/03/2024
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Independent Auditor's Report
Opinion
We have audited the financial statements of Sterling Computers Corporation (UK) Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Directors' Report have been prepared in accordance with applicable legal requirements.

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Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit, or
  • the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and revenue recognition.
Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, identifying journal entries to test based on risk criteria and comparing the identified entries to supporting documentation, examining support for a sample of revenue transactions, and agreeing it to invoices and cash receipts per bank statements to ensure the transaction existed and had been recognised in the correct period.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.  
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Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Peter Gilligan (Senior Statutory Auditor)
for and on behalf of Crowe U.K. LLP , Statutory Auditor
15/03/2024
Crowe U.K. LLP
55 Ludgate Hill
London
EC4M 7JW
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Profit and Loss Account
31 December 2023 31 December 2022
Notes £ £
TURNOVER 3,080,586 247,550
Cost of sales (2,770,246 ) (272,022 )
GROSS PROFIT/(LOSS) 310,340 (24,472 )
Administrative expenses (411,595 ) (227,646 )
Other operating income 1,145 6,407
OPERATING LOSS (100,110 ) (245,711 )
Other interest receivable and similar income 34,372 88
Interest payable and similar charges - (178 )
LOSS BEFORE TAXATION (65,738 ) (245,801 )
Tax on Loss 17,694 -
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR (48,044 ) (245,801 )
There is no other comprehensive income.
The notes on pages 8 to 10 form part of these financial statements.
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Balance Sheet
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 50,997 125,567
Cash at bank and in hand 2,766,617 33,641
2,817,614 159,208
Creditors: Amounts Falling Due Within One Year 5 (3,056,085 ) (349,635 )
NET CURRENT ASSETS (LIABILITIES) (238,471 ) (190,427 )
TOTAL ASSETS LESS CURRENT LIABILITIES (238,471 ) (190,427 )
NET LIABILITIES (238,471 ) (190,427 )
CAPITAL AND RESERVES
Called up share capital 6 55,374 55,374
Profit and Loss Account (293,845 ) (245,801 )
SHAREHOLDERS' FUNDS (238,471) (190,427)
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board of directors on 15 March 2024 and were signed on its behalf by:
Mr Bradley Moore
Director
15/03/2024
The notes on pages 8 to 10 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sterling Computers Corporation (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13862089 . The registered office is 5 The Green, Richmond, Surrey, TW9 1PL.
The principal activity of the company is other information technology service activities.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared under going concern basis.
The directors have prepared forecasts covering a period of at least 12 months from the date of approval of these financial statements.
A letter of support from the parent company, Sterling Computers Corporation (US), has been provided stating that Sterling Computers Corporation (US) is willing to financially support and invest addtional funds to ensure that they will continue as a going concern for the foreseeable future.
The directors of the company are therefore satisfied that they have the financial structure in place to meet its liabilities as they fall due and continue in oeprational existence for the foreseeable future.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. 
The contributions are recognised as an expense in profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. 
2.7. Debtors
Short-term debtors are measured at transaction price, less any impairment. 
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions. 
2.9. Creditors
Short-term creditors are measured at the transaction price. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 5,285 111,941
Prepayments and accrued income 22,996 12,352
Other debtors - 1,274
Deferred tax current asset 17,694 -
Other taxes and social security 5,022 -
50,997 125,567
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 7,261 21,125
Other taxes and social security - 3,695
Other creditors 19,011 11,065
Accruals and deferred income 107,021 60,408
Amounts owed to group undertakings 2,922,792 253,342
3,056,085 349,635
6. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 55,374 55,374
55,374 Ordinary Shares of £1.00 each were allotted, called up and fully paid.
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7. Ultimate Controlling Party
The company's ultimate controlling party is Sterling Computers Corporation (US) by virtue of his ownership of 100% of the issued share capital in the company.
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