Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07585177 Mr ANTHONY SMITH Mr DEAN CULLUM iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07585177 2024-03-31 07585177 2025-03-31 07585177 2024-04-01 2025-03-31 07585177 frs-core:CurrentFinancialInstruments 2025-03-31 07585177 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07585177 frs-core:MotorVehicles 2025-03-31 07585177 frs-core:MotorVehicles 2024-04-01 2025-03-31 07585177 frs-core:MotorVehicles 2024-03-31 07585177 frs-core:PlantMachinery 2025-03-31 07585177 frs-core:PlantMachinery 2024-04-01 2025-03-31 07585177 frs-core:PlantMachinery 2024-03-31 07585177 frs-core:ShareCapital 2025-03-31 07585177 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07585177 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07585177 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07585177 frs-bus:SmallEntities 2024-04-01 2025-03-31 07585177 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07585177 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07585177 frs-bus:Director1 2024-04-01 2025-03-31 07585177 frs-bus:Director2 2024-04-01 2025-03-31 07585177 frs-countries:EnglandWales 2024-04-01 2025-03-31 07585177 2023-03-31 07585177 2024-03-31 07585177 2023-04-01 2024-03-31 07585177 frs-core:CurrentFinancialInstruments 2024-03-31 07585177 frs-core:ShareCapital 2024-03-31 07585177 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07585177 frs-core:CurrentFinancialInstruments 1 2024-03-31
Registered number: 07585177
STERLING ROOFING SOLUTIONS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Sothertons Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07585177
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 42,851 36,762
42,851 36,762
CURRENT ASSETS
Debtors 5 143,233 64,434
Cash at bank and in hand 51,674 11,906
194,907 76,340
Creditors: Amounts Falling Due Within One Year 6 (105,120 ) (57,287 )
NET CURRENT ASSETS (LIABILITIES) 89,787 19,053
TOTAL ASSETS LESS CURRENT LIABILITIES 132,638 55,815
NET ASSETS 132,638 55,815
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 131,638 54,815
SHAREHOLDERS' FUNDS 132,638 55,815
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr ANTHONY SMITH
Director
Mr DEAN CULLUM
Director
12/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
STERLING ROOFING SOLUTIONS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07585177 . The registered office is UNIT A3 ST GEORGES BUSINESS PARK, CASTLE ROAD, SITTINGBOURNE, KENT, ME10 3TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
Page 2
Page 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 76,740 36,729 113,469
Additions - 15,495 15,495
As at 31 March 2025 76,740 52,224 128,964
Depreciation
As at 1 April 2024 61,230 15,477 76,707
Provided during the period 2,792 6,614 9,406
As at 31 March 2025 64,022 22,091 86,113
Net Book Value
As at 31 March 2025 12,718 30,133 42,851
As at 1 April 2024 15,510 21,252 36,762
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 140,478 62,133
Other debtors (1) - 13
VAT 2,755 2,288
143,233 64,434
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 31,678 31,676
Bank loans and overdrafts 5,225 9,293
Corporation tax 65,454 13,113
Other taxes and social security 1,774 2,486
Other creditors 989 719
105,120 57,287
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 3