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REGISTERED NUMBER: 04590176 (England and Wales)
















Financial Statements

for the Period 1 April 2023 to 16 September 2024

for

Sterling Select Insurance Services
Limited

Sterling Select Insurance Services
Limited (Registered number: 04590176)

Contents of the Financial Statements
for the Period 1 April 2023 to 16 September 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Sterling Select Insurance Services
Limited

Company Information
for the Period 1 April 2023 to 16 September 2024







DIRECTOR: M A Riddle





SECRETARY: Miss L Searby





REGISTERED OFFICE: Wicliffe Industrial Estate
Chestnut Lane
Stroud
Gloucestershire
GL5 3EN





REGISTERED NUMBER: 04590176 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Sterling Select Insurance Services
Limited

Report of the Accountants to the Director of
Sterling Select Insurance Services
Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company 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 financial statements of the Company. 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 statutory financial statements.






GCSD Accountants Limited


18 September 2024

Sterling Select Insurance Services
Limited (Registered number: 04590176)

Balance Sheet
16 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 11,118

CURRENT ASSETS
Debtors 5 38,240 913,566
Cash at bank 603,435 7,716
641,675 921,282
CREDITORS
Amounts falling due within one year 6 4,085 113,814
NET CURRENT ASSETS 637,590 807,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,590

818,586

PROVISIONS FOR LIABILITIES - 2,043
NET ASSETS 637,590 816,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 637,490 816,443
SHAREHOLDERS' FUNDS 637,590 816,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 16 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 16 September 2024 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 Select Insurance Services
Limited (Registered number: 04590176)

Balance Sheet - continued
16 September 2024


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 18 September 2024 and were signed by:





M A Riddle - Director


Sterling Select Insurance Services
Limited (Registered number: 04590176)

Notes to the Financial Statements
for the Period 1 April 2023 to 16 September 2024


1. STATUTORY INFORMATION

Sterling Select Insurance Services Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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.


Sterling Select Insurance Services
Limited (Registered number: 04590176)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 16 September 2024


2. ACCOUNTING POLICIES - continued
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 period 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 period was 3 (2023 - 5 ) .

Sterling Select Insurance Services
Limited (Registered number: 04590176)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 16 September 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 4,042 1,125 6,430
Additions - - -
Disposals (4,042 ) (1,125 ) (6,430 )
At 16 September 2024 - - -
DEPRECIATION
At 1 April 2023 3,449 466 4,955
Charge for period 185 206 461
Eliminated on disposal (3,634 ) (672 ) (5,416 )
At 16 September 2024 - - -
NET BOOK VALUE
At 16 September 2024 - - -
At 31 March 2023 593 659 1,475

Sterling Select Insurance Services
Limited (Registered number: 04590176)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 16 September 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 3,680 16,692 31,969
Additions - 3,395 3,395
Disposals (3,680 ) (20,087 ) (35,364 )
At 16 September 2024 - - -
DEPRECIATION
At 1 April 2023 2,128 9,853 20,851
Charge for period 485 3,205 4,542
Eliminated on disposal (2,613 ) (13,058 ) (25,393 )
At 16 September 2024 - - -
NET BOOK VALUE
At 16 September 2024 - - -
At 31 March 2023 1,552 6,839 11,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,240 913,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5 110,642
Other creditors 4,080 3,172
4,085 113,814

Sterling Select Insurance Services
Limited (Registered number: 04590176)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 16 September 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 7,192