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REGISTERED NUMBER: 05626162 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Sterlings Accountancy Solutions Ltd

Sterlings Accountancy Solutions Ltd (Registered number: 05626162)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sterlings Accountancy Solutions Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D J Parker





REGISTERED OFFICE: 131-133 Roman Road
Mountnessing
Billericay
Essex
CM15 0UD





REGISTERED NUMBER: 05626162 (England and Wales)






Sterlings Accountancy Solutions Ltd (Registered number: 05626162)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,614 4,201

CURRENT ASSETS
Debtors 5 122,900 100,629
Cash at bank 133,465 216,276
256,365 316,905
CREDITORS
Amounts falling due within one year 6 162,351 165,791
NET CURRENT ASSETS 94,014 151,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,628

155,315

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 98,529 155,216
SHAREHOLDERS' FUNDS 98,628 155,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





D J Parker - Director


Sterlings Accountancy Solutions Ltd (Registered number: 05626162)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Sterlings Accountancy Solutions 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 represents revenue for professional services provided and is recognised as earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 - 3 ) .

Sterlings Accountancy Solutions Ltd (Registered number: 05626162)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 9,054
Additions 1,951
At 30 November 2023 11,005
DEPRECIATION
At 1 December 2022 4,853
Charge for year 1,538
At 30 November 2023 6,391
NET BOOK VALUE
At 30 November 2023 4,614
At 30 November 2022 4,201

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 116,202 97,649
Other debtors 6,698 2,980
122,900 100,629

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 43,183 13,540
Taxation and social security 85,401 102,881
Other creditors 33,767 49,370
162,351 165,791

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Parker by virtue of his majority shareholding.