Acorah Software Products - Accounts Production 14.6.300 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12312404 Mr Edward Power Mr Karim Shalak iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12312404 2022-11-30 12312404 2023-11-30 12312404 2022-12-01 2023-11-30 12312404 frs-core:CurrentFinancialInstruments 2023-11-30 12312404 frs-core:Non-currentFinancialInstruments 2023-11-30 12312404 frs-core:ShareCapital 2023-11-30 12312404 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12312404 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12312404 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12312404 frs-bus:SmallEntities 2022-12-01 2023-11-30 12312404 frs-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12312404 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12312404 frs-bus:Director1 2022-12-01 2023-11-30 12312404 frs-bus:Director2 2022-12-01 2023-11-30 12312404 frs-core:CurrentFinancialInstruments 1 2023-11-30 12312404 frs-countries:EnglandWales 2022-12-01 2023-11-30 12312404 2021-11-30 12312404 2022-11-30 12312404 2021-12-01 2022-11-30 12312404 frs-core:CurrentFinancialInstruments 2022-11-30 12312404 frs-core:Non-currentFinancialInstruments 2022-11-30 12312404 frs-core:ShareCapital 2022-11-30 12312404 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 12312404 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 12312404
Sterling Capital Advisors Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Sterling Capital Advisors Limited for the year ended 30 November 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sterling Capital Advisors Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Sterling Capital Advisors Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sterling Capital Advisors Limited and state those matters that we have agreed to state to the directors of Sterling Capital Advisors Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sterling Capital Advisors Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Sterling Capital Advisors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sterling Capital Advisors Limited . You consider that Sterling Capital Advisors Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sterling Capital Advisors Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Anderson Ross Accounting & Tax Ltd
31 July 2024
Anderson Ross Accounting & Tax Ltd
G-05 Davenport House
16 Pepper Street
London
E14 9RP
Page 1
Page 2
Balance Sheet
Registered number: 12312404
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,822,374 9,045
Cash at bank and in hand 2,146 10,460
1,824,520 19,505
Creditors: Amounts Falling Due Within One Year 5 (425,368 ) (15,432 )
NET CURRENT ASSETS (LIABILITIES) 1,399,152 4,073
TOTAL ASSETS LESS CURRENT LIABILITIES 1,399,152 4,073
Creditors: Amounts Falling Due After More Than One Year 6 (46,588 ) (48,378 )
NET ASSETS/(LIABILITIES) 1,352,564 (44,305 )
CAPITAL AND RESERVES
Called up share capital 7 30 30
Profit and Loss Account 1,352,534 (44,335 )
SHAREHOLDERS' FUNDS 1,352,564 (44,305)
Page 2
Page 3
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Karim Shalak
Director
31 July 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Sterling Capital Advisors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12312404 . The registered office is G-05 Davenport House, 16 Pepper Street, London, , E14 9RP.
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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,821,344 -
VAT 1,030 9,045
1,822,374 9,045
Page 4
Page 5
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 7,347 720
Corporation tax 404,254 -
Other creditors (1) 8,500 -
Accruals and deferred income 750 1,725
Directors' loan accounts 4,517 12,987
425,368 15,432
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 46,588 48,378
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 30 30
8. Related Party Transactions
Included in creditors falling due within one year is an amount of £13,017 (2022: £12,987) payable to the directors of the company. The loan is interest free.
Page 5