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
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
Sterling Construction Works Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
30,352
272,876
Cash at bank and in hand
(24,495)
6,306
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)
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
Sterling Construction Works Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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.
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
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
At 31 March 2024
-
-
30,352
30,352
At 31 March 2023
208,398
8,480
55,998
272,876
Sterling Construction Works Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
79,203
333,088
Accrued income and prepayments
-
2,493
Other debtors
104,280
72,322
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
702
11,180
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
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
Obligations under finance leases and hire purchase contracts
4,541
14,384
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
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
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
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
1 Ordinary B shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
2024
10,089
74,570
48,903
35,756
2023
(22,989)
154,272
121,194
10,089
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).