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REGISTERED NUMBER: 01810802 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Chris Sterling Enterprises Limited

Chris Sterling Enterprises Limited (Registered number: 01810802)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chris Sterling Enterprises Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr C D Sterling
Mrs E J J Smith



SECRETARY: Mrs E J J Smith



REGISTERED OFFICE: 5A Hopton Road
Hopton Industrial Estate
Devizes
Wiltshire
SN10 2EU



REGISTERED NUMBER: 01810802 (England and Wales)



BANKERS: HSBC Bank plc
Unit 6
The Lock
Canal Walk
Swindon
Wiltshire
SN1 1LD

Chris Sterling Enterprises Limited (Registered number: 01810802)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,866,202 2,875,679

CURRENT ASSETS
Stocks 274,447 281,416
Debtors 5 3,357,991 3,425,622
Cash at bank and in hand 85,473 23,621
3,717,911 3,730,659
CREDITORS
Amounts falling due within one year 6 265,890 281,999
NET CURRENT ASSETS 3,452,021 3,448,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,318,223

6,324,339

PROVISIONS FOR LIABILITIES 2,511 2,519
NET ASSETS 6,315,712 6,321,820

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 154,566 154,566
Retained earnings 6,161,046 6,167,154
SHAREHOLDERS' FUNDS 6,315,712 6,321,820

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





Mr C D Sterling - Director


Chris Sterling Enterprises Limited (Registered number: 01810802)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Chris Sterling Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the net invoiced value of the sale of goods excluding applicable Value Added Tax. Revenue is recognised at the point of despatch when title passes to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on straight line basis
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land is not depreciated.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

Chris Sterling Enterprises Limited (Registered number: 01810802)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 2,964,610 39,246 34,177 32,359 3,070,392
Additions - - 2,877 - 2,877
At 31 May 2024 2,964,610 39,246 37,054 32,359 3,073,269
DEPRECIATION
At 1 June 2023 102,858 35,589 27,342 28,924 194,713
Charge for year 8,747 915 1,833 859 12,354
At 31 May 2024 111,605 36,504 29,175 29,783 207,067
NET BOOK VALUE
At 31 May 2024 2,853,005 2,742 7,879 2,576 2,866,202
At 31 May 2023 2,861,752 3,657 6,835 3,435 2,875,679

Included in the cost of freehold property is land at £2,527,251 (2023:- £2,527,251).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 432,977 378,029
Other debtors 2,803,583 2,854,079
Tax recoverable - 78,324
VAT recoverable 7,729 1,966
Prepayments and accrued income 113,702 113,224
3,357,991 3,425,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,438 42,072
Tax 625 2,147
Social security and other taxes 1,979 1,873
Directors' current accounts 218,023 222,106
Accruals and deferred income 16,825 13,801
265,890 281,999

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C D Sterling.