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REGISTERED NUMBER: 08342935 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE STERLING CHOICE LIMITED

THE STERLING CHOICE LIMITED (REGISTERED NUMBER: 08342935)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE STERLING CHOICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: L Vanterpool
G Whyatt





REGISTERED OFFICE: 9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR





REGISTERED NUMBER: 08342935 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

THE STERLING CHOICE LIMITED (REGISTERED NUMBER: 08342935)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,931 112,717
Investments 5 18,868 8,090
181,799 120,807

CURRENT ASSETS
Debtors 6 578,467 211,114
Cash at bank and in hand 139,216 124,259
717,683 335,373
CREDITORS
Amounts falling due within one
year

7

590,060

209,972
NET CURRENT ASSETS 127,623 125,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,422

246,208

CREDITORS
Amounts falling due after more
than one year

8

(164,434

)

(90,165

)

PROVISIONS FOR LIABILITIES (40,733 ) (21,416 )
NET ASSETS 104,255 134,627

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 104,253 134,625
SHAREHOLDERS' FUNDS 104,255 134,627

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THE STERLING CHOICE LIMITED (REGISTERED NUMBER: 08342935)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




L Vanterpool - Director



G Whyatt - Director


THE STERLING CHOICE LIMITED (REGISTERED NUMBER: 08342935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

The Sterling Choice 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 30% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

THE STERLING CHOICE LIMITED (REGISTERED NUMBER: 08342935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 33,259 112,430 23,329 169,018
Additions - 119,807 1,832 121,639
Disposals - - (2,113 ) (2,113 )
At 31 July 2024 33,259 232,237 23,048 288,544
DEPRECIATION
At 1 August 2023 16,839 22,486 16,976 56,301
Charge for year 8,315 59,931 2,335 70,581
Eliminated on disposal - - (1,269 ) (1,269 )
At 31 July 2024 25,154 82,417 18,042 125,613
NET BOOK VALUE
At 31 July 2024 8,105 149,820 5,006 162,931
At 31 July 2023 16,420 89,944 6,353 112,717

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023 8,090
Additions 10,778
At 31 July 2024 18,868
NET BOOK VALUE
At 31 July 2024 18,868
At 31 July 2023 8,090

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 275,713 193,119
Amounts owed by group undertakings 8,274 4,307
Other debtors 294,480 13,688
578,467 211,114

THE STERLING CHOICE LIMITED (REGISTERED NUMBER: 08342935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,266 11,439
Trade creditors 297,776 8,941
Amounts owed to group undertakings 25 33,451
Taxation and social security 201,174 123,442
Other creditors 61,819 32,699
590,060 209,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 164,434 90,165

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
L Vanterpool
Balance outstanding at start of year - (18,761 )
Amounts advanced 312 23,980
Amounts repaid (312 ) (5,219 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

G Whyatt
Balance outstanding at start of year - (18,931 )
Amounts advanced 312 24,199
Amounts repaid (312 ) (5,268 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -