STERLING LEASING SOLUTIONS LTD

Company Registration Number:
10939006 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

STERLING LEASING SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

STERLING LEASING SOLUTIONS LTD

Company Information

for the Period Ended 31 August 2023




Director: Hussayn Jivraj
Registered office: 71-75
Shelton Street
Covent Garden
London
GBR
WC2H 9JQ
Company Registration Number: 10939006 (England and Wales)

STERLING LEASING SOLUTIONS LTD

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Principal Activities

Vehicle Sales and Vehicle Export

Political and charitable donations

No donations were made

Directors

The directors shown below have held office during the whole of the period from 01 September 2022 to 31 August 2023
Hussayn Jivraj

This report was approved by the board of directors on 30 August 2024
And Signed On Behalf Of The Board By:

Name: Hussayn Jivraj
Status: Director

STERLING LEASING SOLUTIONS LTD

Profit and Loss Account

for the Period Ended 31 August 2023


Notes

2023
£

2022
£
Turnover 91,088 83,970
Cost of sales ( 81,538 ) ( 75,945 )
Gross Profit or (Loss) 9,550 9,425
Income from coronavirus (COVID-19) business support grants 0 1,400
Distribution Costs ( 0 ) ( 173 )
Administrative Expenses ( 8,833 ) ( 9,403 )
Operating Profit or (Loss) 717 ( 151 )
Profit or (Loss) Before Tax 717 ( 151 )
Tax on Profit ( 136 ) ( 0 )
Profit or (Loss) for Period 581 ( 151 )

The notes form part of these financial statements

STERLING LEASING SOLUTIONS LTD

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 4,808 5,795
Cash at bank and in hand: 2,076 4,127
Total current assets: 6,884 9,922
Net current assets (liabilities): 6,884 9,922
Total assets less current liabilities: 6,884 9,922
Creditors: amounts falling due after more than one year: 5 ( 43,551 ) ( 46,163 )
Total net assets (liabilities): ( 36,667 ) ( 36,241 )

The notes form part of these financial statements

STERLING LEASING SOLUTIONS LTD

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 36,668 ) ( 36,242 )
Shareholders funds: ( 36,667 ) ( 36,241 )

For the year ending 31 August 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 August 2024
And Signed On Behalf Of The Board By:

Name: Hussayn Jivraj
Status: Director

The notes form part of these financial statements

STERLING LEASING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STERLING LEASING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

STERLING LEASING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

STERLING LEASING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors


2023
£

2022
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 4,808 5,795
Total 4,808 5,795

Unrecoverable Bad Debt Due to Scam

STERLING LEASING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 43,551 46,163
Total 43,551 46,163

Bounce back Loan Scheme