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Company Registration No. 09748467 (England and Wales)
Sterling Construction Works Ltd Unaudited accounts for the year ended 31 March 2024
Sterling Construction Works Ltd Unaudited accounts Contents
Page
- 2 -
Sterling Construction Works Ltd Company Information for the year ended 31 March 2024
Directors
Mr J Booth Mr G Tait
Company Number
09748467 (England and Wales)
Registered Office
Unit 1c Brickmakers Industrial Estate Castle Road Sittingbourne Kent ME10 3RL
Accountants
Lint Accountants Ltd 14 Beagleswood Road Pembury Tunbridge Wells Kent TN2 4HX
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Sterling Construction Works Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,352 
272,876 
Current assets
Inventories
998 
998 
Debtors
183,483 
431,459 
Cash at bank and in hand
(24,495)
6,306 
159,986 
438,763 
Creditors: amounts falling due within one year
(128,899)
(717,485)
Net current assets/(liabilities)
31,087 
(278,722)
Total assets less current liabilities
61,439 
(5,846)
Creditors: amounts falling due after more than one year
(90,153)
(129,546)
Provisions for liabilities
Deferred tax
(3,626)
(17,204)
Net liabilities
(32,340)
(152,596)
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(32,343)
(152,599)
Shareholders' funds
(32,340)
(152,596)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by
Mr G Tait Director Company Registration No. 09748467
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Sterling Construction Works Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Sterling Construction Works Ltd is a private company, limited by shares, registered in England and Wales, registration number 09748467. The registered office is Unit 1c Brickmakers Industrial Estate, Castle Road, Sittingbourne, Kent, ME10 3RL.
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. The Directors have indicated their continued support for the forseeable future.
Presentation currency
The accounts are presented in £ sterling.
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
25% Straight Line
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
208,398 
102,180 
196,759 
507,337 
Disposals
(208,398)
(102,180)
(141,594)
(452,172)
At 31 March 2024
- 
- 
55,165 
55,165 
Depreciation
At 1 April 2023
- 
93,700 
140,761 
234,461 
Charge for the year
- 
- 
6,328 
6,328 
On disposals
- 
(93,700)
(122,276)
(215,976)
At 31 March 2024
- 
- 
24,813 
24,813 
Net book value
At 31 March 2024
- 
- 
30,352 
30,352 
At 31 March 2023
208,398 
8,480 
55,998 
272,876 
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Sterling Construction Works Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
79,203 
333,088 
Accrued income and prepayments
- 
2,493 
Other debtors
104,280 
72,322 
183,483 
407,903 
Amounts falling due after more than one year
Other debtors
- 
23,556 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
702 
11,180 
VAT
15,433 
134,071 
Obligations under finance leases and hire purchase contracts
30,637 
34,521 
Trade creditors
26,387 
161,353 
Taxes and social security
48,764 
231,879 
Other creditors
514 
116,064 
Loans from directors
3,926 
25,881 
Accruals
2,536 
2,536 
128,899 
717,485 
Within the above figures are amounts where security is held: HP on vehicles with a carrying value of £6,222 (2023 £21,936 - due within 1 year £4,953, 2022 £8040 Bank Loan Unsecured due within 1 year £25,683, 2022 £25,683
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
85,612 
115,162 
Obligations under finance leases and hire purchase contracts
4,541 
14,384 
90,153 
129,546 
Aggregate of amounts that fall due for payment after five years
- 
115,123 
Within the above figures are amounts where security is held: Mortgage on registered office carrying value of £0 - due after 1 year 2024 £0 2023 £115,161 HP on vehicles with a carrying value of £6,222 (2023 £21,936) - due after 1 year £4,541 2023 £14,383 Bank Loan Unsecured due after 1 year £79,191, 2022 £111,295
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Sterling Construction Works Ltd Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,626 
17,204 
2024 
2023 
£ 
£ 
Provision at start of year
17,204 
20,232 
Credited to the profit and loss account
(13,578)
(3,028)
Provision at end of year
3,626 
17,204 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
1 Ordinary B shares of £1 each
1 
1 
3 
3 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr J Booth
2024
10,089 
74,570 
48,903 
35,756 
2023
(22,989)
154,272 
121,194 
10,089 
Mr G Tait
202
925 
99,064 
66,997 
32,992 
2023
(17,405)
146,999 
128,669 
925 
(29,380)
474,905 
365,763 
79,762 
Loans to directors are repayable on demand. Interest is charged on overdrawn accounts at 5% on balances, where the loan has exceeded £10,000 at any point during the year.
11
Average number of employees
During the year the average number of employees was 2 (2023: 12).
- 7 -