IRIS Accounts Production v24.1.0.578 10351680 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103516802022-08-31103516802023-08-31103516802022-09-012023-08-31103516802021-08-31103516802021-09-012022-08-31103516802022-08-3110351680ns15:EnglandWales2022-09-012023-08-3110351680ns14:PoundSterling2022-09-012023-08-3110351680ns10:Director12022-09-012023-08-3110351680ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3110351680ns10:SmallEntities2022-09-012023-08-3110351680ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3110351680ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110351680ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110351680ns10:FullAccounts2022-09-012023-08-3110351680ns10:RegisteredOffice2022-09-012023-08-3110351680ns5:CurrentFinancialInstruments2023-08-3110351680ns5:CurrentFinancialInstruments2022-08-3110351680ns5:Non-currentFinancialInstruments2023-08-3110351680ns5:Non-currentFinancialInstruments2022-08-3110351680ns5:ShareCapital2023-08-3110351680ns5:ShareCapital2022-08-3110351680ns5:RetainedEarningsAccumulatedLosses2023-08-3110351680ns5:RetainedEarningsAccumulatedLosses2022-08-3110351680ns5:PlantMachinery2022-08-3110351680ns5:FurnitureFittings2022-08-3110351680ns5:MotorVehicles2022-08-3110351680ns5:ComputerEquipment2022-08-3110351680ns5:PlantMachinery2022-09-012023-08-3110351680ns5:FurnitureFittings2022-09-012023-08-3110351680ns5:MotorVehicles2022-09-012023-08-3110351680ns5:ComputerEquipment2022-09-012023-08-3110351680ns5:PlantMachinery2023-08-3110351680ns5:FurnitureFittings2023-08-3110351680ns5:MotorVehicles2023-08-3110351680ns5:ComputerEquipment2023-08-3110351680ns5:PlantMachinery2022-08-3110351680ns5:FurnitureFittings2022-08-3110351680ns5:MotorVehicles2022-08-3110351680ns5:ComputerEquipment2022-08-3110351680ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3110351680ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3110351680ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-08-3110351680ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-08-31
REGISTERED NUMBER: 10351680 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Sterling Plumbers Ltd

Sterling Plumbers Ltd (Registered number: 10351680)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sterling Plumbers Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: N A Storey





REGISTERED OFFICE: Unit 21c More House Farm
Ditchling Road
Haywards Heath
RH17 7RE





REGISTERED NUMBER: 10351680 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Sterling Plumbers Ltd (Registered number: 10351680)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,630 54,466

CURRENT ASSETS
Stocks 1,200 834
Debtors 5 112,140 31,082
Cash at bank 89,698 109,378
203,038 141,294
CREDITORS
Amounts falling due within one year 6 91,260 67,408
NET CURRENT ASSETS 111,778 73,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,408

128,352

CREDITORS
Amounts falling due after more than one
year

7

-

(28,270

)

PROVISIONS FOR LIABILITIES (8,290 ) (10,349 )
NET ASSETS 147,118 89,733

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,018 89,633
147,118 89,733

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Plumbers Ltd (Registered number: 10351680)

Balance Sheet - continued
31 August 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 3 April 2024 and were signed by:





N A Storey - Director


Sterling Plumbers Ltd (Registered number: 10351680)

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

1. STATUTORY INFORMATION

Sterling Plumbers Ltd 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 8 (2022 - 9 ) .

Sterling Plumbers Ltd (Registered number: 10351680)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 - - 92,249 2,424 94,673
Additions 186 919 - 2,128 3,233
At 31 August 2023 186 919 92,249 4,552 97,906
DEPRECIATION
At 1 September 2022 - - 39,014 1,193 40,207
Charge for year 31 - 13,395 643 14,069
At 31 August 2023 31 - 52,409 1,836 54,276
NET BOOK VALUE
At 31 August 2023 155 919 39,840 2,716 43,630
At 31 August 2022 - - 53,235 1,231 54,466

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 36,486 20,522
Other debtors 74,933 10,360
111,419 30,882

Amounts falling due after more than one year:
Other debtors 721 200

Aggregate amounts 112,140 31,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 25,693 9,808
Trade creditors 12,496 21,155
Taxation and social security 52,498 20,639
Other creditors 573 15,806
91,260 67,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 28,270

Sterling Plumbers Ltd (Registered number: 10351680)

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

8. RELATED PARTY DISCLOSURES

Included in other debtors is £73,111 (2022 - £1,848.02 in other creditors) which is owed to the company by a director and shareholder of the company.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.