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REGISTERED NUMBER: 11429434 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

Sterling Accounting Services Ltd

Sterling Accounting Services Ltd (Registered number: 11429434)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sterling Accounting Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr N Desai





REGISTERED OFFICE: 144-146 Kings Cross Road
London
United Kingdom
WC1X 9DU





REGISTERED NUMBER: 11429434 (England and Wales)






Sterling Accounting Services Ltd (Registered number: 11429434)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 572,863 572,863
Tangible assets 5 16,862 18,358
589,725 591,221

CURRENT ASSETS
Debtors 6 311,992 429,609
Cash at bank 165,706 148,584
477,698 578,193
CREDITORS
Amounts falling due within one year 7 428,604 505,846
NET CURRENT ASSETS 49,094 72,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,819

663,568

CREDITORS
Amounts falling due after more than one
year

8

104,360

202,030
NET ASSETS 534,459 461,538

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 534,359 461,438
SHAREHOLDER FUNDS 534,459 461,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sterling Accounting Services Ltd (Registered number: 11429434)

Statement of Financial Position - continued
30 June 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 director and authorised for issue on 24 March 2025 and were signed by:





Mr N Desai - Director


Sterling Accounting Services Ltd (Registered number: 11429434)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sterling Accounting Services Ltd 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 572,863
NET BOOK VALUE
At 30 June 2024 572,863
At 30 June 2023 572,863

Sterling Accounting Services Ltd (Registered number: 11429434)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 17,620 17,613 35,233
Additions 284 3,841 4,125
At 30 June 2024 17,904 21,454 39,358
DEPRECIATION
At 1 July 2023 9,428 7,447 16,875
Charge for year 2,119 3,502 5,621
At 30 June 2024 11,547 10,949 22,496
NET BOOK VALUE
At 30 June 2024 6,357 10,505 16,862
At 30 June 2023 8,192 10,166 18,358

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 288,062 398,523
Other debtors 23,930 31,086
311,992 429,609

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 230,513 347,454
Taxation and social security 104,693 70,353
Other creditors 93,398 88,039
428,604 505,846

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 19,167 29,167
Other creditors 85,193 172,863
104,360 202,030

Sterling Accounting Services Ltd (Registered number: 11429434)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 461,438
Profit for the year 72,921
At 30 June 2024 534,359