Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1General cleaning of buildingsfalse2023-04-01false2truetrue 05773274 2023-04-01 2024-03-31 05773274 2022-04-01 2023-03-31 05773274 2024-03-31 05773274 2023-03-31 05773274 c:Director1 2023-04-01 2024-03-31 05773274 d:PlantMachinery 2023-04-01 2024-03-31 05773274 d:PlantMachinery 2024-03-31 05773274 d:PlantMachinery 2023-03-31 05773274 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05773274 d:MotorVehicles 2023-04-01 2024-03-31 05773274 d:MotorVehicles 2024-03-31 05773274 d:MotorVehicles 2023-03-31 05773274 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05773274 d:OfficeEquipment 2023-04-01 2024-03-31 05773274 d:OfficeEquipment 2024-03-31 05773274 d:OfficeEquipment 2023-03-31 05773274 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05773274 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05773274 d:Goodwill 2024-03-31 05773274 d:Goodwill 2023-03-31 05773274 d:CurrentFinancialInstruments 2024-03-31 05773274 d:CurrentFinancialInstruments 2023-03-31 05773274 d:Non-currentFinancialInstruments 2024-03-31 05773274 d:Non-currentFinancialInstruments 2023-03-31 05773274 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05773274 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05773274 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05773274 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 05773274 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 05773274 d:ShareCapital 2024-03-31 05773274 d:ShareCapital 2023-03-31 05773274 d:RetainedEarningsAccumulatedLosses 2024-03-31 05773274 d:RetainedEarningsAccumulatedLosses 2023-03-31 05773274 c:FRS102 2023-04-01 2024-03-31 05773274 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05773274 c:FullAccounts 2023-04-01 2024-03-31 05773274 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05773274 d:WithinOneYear 2024-03-31 05773274 d:WithinOneYear 2023-03-31 05773274 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05773274 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05773274 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05773274










STERLING CARPET CARE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 March 2024

 
STERLING CARPET CARE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STERLING CARPET CARE LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sterling Carpet Care Limited for the year ended 31 March 2024 which comprise  the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Sterling Carpet Care Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Sterling Carpet Care Limited and state those matters that we have agreed to state to the director of Sterling Carpet Care Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sterling Carpet Care Limited and its director for our work or for this report. 

It is your duty to ensure that Sterling Carpet Care Limited 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 of Sterling Carpet Care Limited. You consider that Sterling Carpet Care Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sterling Carpet Care Limited. 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.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ
14 November 2024
Page 1

 
STERLING CARPET CARE LIMITED
Registered number: 05773274

STATEMENT OF FINANCIAL POSITION
As at 31 March 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 6 
6,713
8,952

  
6,713
8,952

Current assets
  

Debtors: amounts falling due within one year
 7 
3,225
3,437

Cash at bank and in hand
  
19,289
10,817

  
22,514
14,254

Creditors: amounts falling due within one year
 8 
(14,866)
(12,704)

Net current assets
  
 
 
7,648
 
 
1,550

Total assets less current liabilities
  
14,361
10,502

Creditors: amounts falling due after more than one year
 9 
(5,374)
(7,350)

Provisions for liabilities
  

Deferred tax
 11 
(1,276)
(1,701)

  
 
 
(1,276)
 
 
(1,701)

Net assets
  
7,711
1,451


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
7,710
1,450

  
7,711
1,451


Page 2

 
STERLING CARPET CARE LIMITED
Registered number: 05773274
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 March 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2024.




G Aldridge
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

1.Accounting policies (continued)

 
1.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

1.Accounting policies (continued)


1.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

2.


General information

The company is a private company, limited by shares and registered in England.
Its registered number is: 05773274
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Herts
SG7 6QQ


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

There have been no significant judgements made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
1
2

Page 7

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

5.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
20,570



At 31 March 2024

20,570



Amortisation


At 1 April 2023
20,570



At 31 March 2024

20,570



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 8

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

6.


Tangible fixed assets





Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
5,754
10,740
1,916
18,410



At 31 March 2024

5,754
10,740
1,916
18,410



Depreciation


At 1 April 2023
5,407
2,685
1,366
9,458


Charge for the year on owned assets
87
2,014
138
2,239



At 31 March 2024

5,494
4,699
1,504
11,697



Net book value



At 31 March 2024
260
6,041
412
6,713



At 31 March 2023
347
8,055
550
8,952


7.


Debtors

2024
2023
£
£


Trade debtors
2,625
2,515

Other debtors
300
922

Prepayments and accrued income
300
-

3,225
3,437


Page 9

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
748
850

Bank loans
1,921
1,730

Trade creditors
1,394
2,065

Corporation tax
2,221
-

Other creditors
6,962
6,199

Accruals and deferred income
1,620
1,860

14,866
12,704



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,374
7,350

5,374
7,350


Page 10

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,921
1,730


1,921
1,730

Amounts falling due 1-2 years

Bank loans
2,053
1,920


2,053
1,920

Amounts falling due 2-5 years

Bank loans
3,321
5,429


3,321
5,429


7,295
9,079



11.


Deferred taxation




2024


£






At beginning of year
(1,701)


Charged to profit or loss
425



At end of year
(1,276)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(1,276)
(1,701)

(1,276)
(1,701)

Page 11

 
STERLING CARPET CARE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024

12.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
900
3,000

900
3,000


13.


Related party transactions

The amount owed to the director, Mr G Aldridge, at the reporting date is £6,962; (2023: £5,441).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 12