STERLING MINT LTD

Company Registration Number:
12454504 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

STERLING MINT LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

STERLING MINT LTD

Company Information

for the Period Ended 29 February 2024




Director: Simon Mellinger
Registered office: Suite 2 Albion House
2 Etruria Office Village
Forge Lane, Etruria
Stoke-On-Trent
Staffordshire
England
ST1 5RQ
Company Registration Number: 12454504 (England and Wales)

STERLING MINT LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 40,866 60,678
Debtors: 4 1,251 2,422
Cash at bank and in hand: 4,957 6,956
Total current assets: 47,074 70,056
Creditors: amounts falling due within one year: 5 ( 233,329 ) ( 196,502 )
Net current assets (liabilities): ( 186,255 ) ( 126,446 )
Total assets less current liabilities: ( 186,255 ) ( 126,446 )
Total net assets (liabilities): ( 186,255 ) ( 126,446 )

The notes form part of these financial statements

STERLING MINT LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 186,355 ) ( 126,546 )
Shareholders funds: ( 186,255 ) ( 126,446 )

For the year ending 29 February 2024 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 2 October 2024
And Signed On Behalf Of The Board By:

Name: Simon Mellinger
Status: Director

The notes form part of these financial statements

STERLING MINT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 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

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

    When cash inflows are deferred and represent a financing agreement, the fair value of the consideration and the nominal amount received is recognised as interest income.

    Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the
    extent of the expenses recognised that it is probable will be recovered.

STERLING MINT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

STERLING MINT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

STERLING MINT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors


2024
£

2023
£
Trade debtors 269
Prepayments and accrued income 1,251 2,153
Total 1,251 2,422

STERLING MINT LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 229,095 194,266
Accruals and deferred income 4,234 2,236
Total 233,329 196,502