Registered number
10076158
Sterling Worldwide Limited
Filleted Accounts
31 March 2024
Sterling Worldwide Limited
Registered number: 10076158
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 13,192 13,628
Debtors 3 528 282
Cash at bank and in hand 517 1,096
14,237 15,006
Creditors: amounts falling due within one year 4 (85,449) (70,216)
Net current liabilities (71,212) (55,210)
Total assets less current liabilities (71,212) (55,210)
Creditors: amounts falling due after more than one year 5 (32,199) (35,770)
Net liabilities (103,411) (90,980)
Capital and reserves
Called up share capital 1 1
Profit and loss account (103,412) (90,981)
Shareholder's funds (103,411) (90,980)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sabeen Zeeshan Qureshi
Director
Approved by the board on 22 August 2024
Sterling Worldwide Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 100 -
Other debtors 428 282
528 282
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 351 1,174
Other creditors 85,098 69,042
85,449 70,216
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,199 35,770
6 Related party transactions
Included within other creditors is a director's loan of £85,098 (2023 - £69,042).
7 Controlling party
Sabeen Zeeshan Qureshi is the ultimate controlling party.
8 Other information
Sterling Worldwide Limited is a private company limited by shares and incorporated in England. Its registered office is:
84 Denbigh Road
London
E6 3LD
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