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Company Registration No. 08444305 (England and Wales)
Sterling Mill Limited Unaudited accounts for the year ended 29 February 2024
Sterling Mill Limited Unaudited accounts Contents
Page
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Sterling Mill Limited Company Information for the year ended 29 February 2024
Director
Saf Mohammed
Secretary
Saf Mohammed
Company Number
08444305 (England and Wales)
Registered Office
43 Smiths Avenue Huddersfield West Yorkshire HD3 4AP
Accountants
CGI Accountants Ltd Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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Sterling Mill Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
324 
405 
Current assets
Inventories
23,424 
42,000 
Debtors
3,152 
3,803 
Cash at bank and in hand
94,727 
97,377 
121,303 
143,180 
Creditors: amounts falling due within one year
(22,344)
(44,591)
Net current assets
98,959 
98,589 
Total assets less current liabilities
99,283 
98,994 
Creditors: amounts falling due after more than one year
(50,458)
(70,256)
Net assets
48,825 
28,738 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
48,824 
28,737 
Shareholders' funds
48,825 
28,738 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2024 and were signed on its behalf by
Saf Mohammed Director Company Registration No. 08444305
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Sterling Mill Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sterling Mill Limited is a private company, limited by shares, registered in England and Wales, registration number 08444305. The registered office is 43 Smiths Avenue, Huddersfield , West Yorkshire, HD3 4AP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Sterling Mill Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,190 
At 29 February 2024
1,190 
Depreciation
At 1 March 2023
785 
Charge for the year
81 
At 29 February 2024
866 
Net book value
At 29 February 2024
324 
At 28 February 2023
405 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,152 
2,803 
Other debtors
1,000 
1,000 
3,152 
3,803 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
20,136 
Taxes and social security
21,225 
21,019 
Other creditors
1,119 
3,436 
22,344 
44,591 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
50,458 
70,256 
Included within creditors falling due after one year is a Directors loan of £50458. The loan is interest free with no fixed date of repayment.
8
Controlling party
The ultimate controlling party by virtue of owning the entire issued share capital was the Director
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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