Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity1true1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05854354 2023-01-01 2023-12-31 05854354 2022-01-01 2022-12-31 05854354 2023-12-31 05854354 2022-12-31 05854354 c:Director1 2023-01-01 2023-12-31 05854354 d:PlantMachinery 2023-01-01 2023-12-31 05854354 d:PlantMachinery 2023-12-31 05854354 d:PlantMachinery 2022-12-31 05854354 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05854354 d:FurnitureFittings 2023-01-01 2023-12-31 05854354 d:FurnitureFittings 2023-12-31 05854354 d:FurnitureFittings 2022-12-31 05854354 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05854354 d:OfficeEquipment 2023-01-01 2023-12-31 05854354 d:OfficeEquipment 2023-12-31 05854354 d:OfficeEquipment 2022-12-31 05854354 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05854354 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05854354 d:CurrentFinancialInstruments 2023-12-31 05854354 d:CurrentFinancialInstruments 2022-12-31 05854354 d:Non-currentFinancialInstruments 2023-12-31 05854354 d:Non-currentFinancialInstruments 2022-12-31 05854354 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05854354 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05854354 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05854354 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05854354 d:ShareCapital 2023-12-31 05854354 d:ShareCapital 2022-12-31 05854354 d:RetainedEarningsAccumulatedLosses 2023-12-31 05854354 d:RetainedEarningsAccumulatedLosses 2022-12-31 05854354 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05854354 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05854354 c:FRS102 2023-01-01 2023-12-31 05854354 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05854354 c:FullAccounts 2023-01-01 2023-12-31 05854354 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05854354 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 05854354









STIRLING VENTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
STIRLING VENTURES LIMITED
REGISTERED NUMBER: 05854354

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
3,756
4,431

  
3,756
4,431

Current assets
  

Stocks
  
500
5,000

Debtors: amounts falling due within one year
 5 
159,305
1,953

Cash at bank and in hand
  
12,822
22,186

  
172,627
29,139

Creditors: amounts falling due within one year
 6 
(143,213)
(76,363)

Net current assets/(liabilities)
  
 
 
29,414
 
 
(47,224)

Total assets less current liabilities
  
33,170
(42,793)

Creditors: amounts falling due after more than one year
 7 
(16,781)
(27,118)

Provisions for liabilities
  

Deferred tax
  
-
(842)

  
 
 
-
 
 
(842)

Net assets/(liabilities)
  
16,389
(70,753)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
16,289
(70,853)

  
16,389
(70,753)


Page 1

 
STIRLING VENTURES LIMITED
REGISTERED NUMBER: 05854354
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.

J Pilling
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
STIRLING VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Stirling Ventures Limited is a private company limited by shares and registered in England and Wales. The address of the registered office and principal place of business is Montreal Farm, Coulton Lane, Hovingham, York, England, YO62 4NQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Currency

The company's functional and presentational currency is GBP.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Revenue comprises services supplied in respect of the financial year.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
STIRLING VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
per annum straight line
Fixtures and fittings
-
33%
per annum straight line
Office equipment
-
33%
per annum straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a unit cost basis. 

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and other debtors and creditors and loans. 

Page 4

 
STIRLING VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
90,662
21,813
4,384
116,859


Additions
-
-
3,455
3,455


Disposals
(32,409)
-
-
(32,409)



At 31 December 2023

58,253
21,813
7,839
87,905



Depreciation


At 1 January 2023
86,965
21,079
4,384
112,428


Charge for the year on owned assets
233
412
95
740


Disposals
(29,019)
-
-
(29,019)



At 31 December 2023

58,179
21,491
4,479
84,149



Net book value



At 31 December 2023
74
322
3,360
3,756



At 31 December 2022
3,697
734
-
4,431


5.


Debtors

2023
2022
£
£


Other debtors
-
1,201

Prepayments and accrued income
159,305
752

159,305
1,953


Page 5

 
STIRLING VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loan
10,648
10,169

Trade creditors
4,035
112

Other taxation and social security
872
-

Other creditors
123,908
63,582

Accruals
3,750
2,500

143,213
76,363



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
16,781
27,118

16,781
27,118



8.


Deferred taxation




2023


£






At beginning of year
(842)


Utilised in year
842



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
-
(842)

-
(842)

Page 6

 
STIRLING VENTURES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Transactions with directors

At the financial year end date, the company owed the director £123,908 (2022 £57,076). No interest is charged.

 
Page 7