Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07787772 William Sterling Finlay Everington Meha Bakhai (Appointed 29 October 2024) John Sterling (Resigned 13 November 2024) Thomas Sterling (Resigned 27 October 2024) William Sterling true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07787772 2023-09-30 07787772 2024-09-30 07787772 2023-10-01 2024-09-30 07787772 frs-core:CurrentFinancialInstruments 2024-09-30 07787772 frs-core:Non-currentFinancialInstruments 2024-09-30 07787772 frs-core:ComputerEquipment 2024-09-30 07787772 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07787772 frs-core:ComputerEquipment 2023-09-30 07787772 frs-core:FurnitureFittings 2024-09-30 07787772 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07787772 frs-core:FurnitureFittings 2023-09-30 07787772 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 07787772 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 07787772 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 07787772 frs-core:ShareCapital 2024-09-30 07787772 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07787772 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07787772 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07787772 frs-bus:SmallEntities 2023-10-01 2024-09-30 07787772 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07787772 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07787772 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 07787772 frs-bus:OrdinaryShareClass2 2024-09-30 07787772 frs-bus:OrdinaryShareClass3 2023-10-01 2024-09-30 07787772 frs-bus:OrdinaryShareClass3 2024-09-30 07787772 frs-bus:OrdinaryShareClass4 2023-10-01 2024-09-30 07787772 frs-bus:OrdinaryShareClass4 2024-09-30 07787772 frs-bus:OrdinaryShareClass5 2023-10-01 2024-09-30 07787772 frs-bus:OrdinaryShareClass5 2024-09-30 07787772 1 2023-10-01 2024-09-30 07787772 frs-core:DeferredTaxation 2023-10-01 2024-09-30 07787772 frs-core:DeferredTaxation 2023-09-30 07787772 frs-core:DeferredTaxation 2024-09-30 07787772 frs-core:UnlistedNon-exchangeTraded 2024-09-30 07787772 frs-core:UnlistedNon-exchangeTraded 2023-09-30 07787772 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 07787772 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 07787772 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 07787772 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 07787772 frs-bus:Director1 2023-10-01 2024-09-30 07787772 frs-bus:Director2 2023-10-01 2024-09-30 07787772 frs-bus:Director3 2023-10-01 2024-09-30 07787772 frs-bus:Director4 2023-10-01 2024-09-30 07787772 frs-bus:Director5 2023-10-01 2024-09-30 07787772 frs-countries:EnglandWales 2023-10-01 2024-09-30 07787772 2022-09-30 07787772 2023-09-30 07787772 2022-10-01 2023-09-30 07787772 frs-core:CurrentFinancialInstruments 2023-09-30 07787772 frs-core:Non-currentFinancialInstruments 2023-09-30 07787772 frs-core:ShareCapital 2023-09-30 07787772 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07787772 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 07787772 frs-bus:OrdinaryShareClass3 2022-10-01 2023-09-30 07787772 frs-bus:OrdinaryShareClass4 2022-10-01 2023-09-30 07787772 frs-bus:OrdinaryShareClass5 2022-10-01 2023-09-30
Registered number: 07787772
Sterling Accounting Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—10
Page 1
Company Information
Directors William Sterling
Finlay Everington
Meha Bakhai (Appointed 29 October 2024)
John Sterling (Resigned 13 November 2024)
Thomas Sterling (Resigned 27 October 2024)
Company Number 07787772
Registered Office SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
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Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Sterling Accounting Solutions Ltd For The Year Ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sterling Accounting Solutions Ltd for the year ended 30 September 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Sterling Accounting Solutions Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Sterling Accounting Solutions Ltd and state those matters that we have agreed to state to the directors of Sterling Accounting Solutions Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sterling Accounting Solutions Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Sterling Accounting Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sterling Accounting Solutions Ltd . You consider that Sterling Accounting Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Sterling Accounting Solutions Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Sterling Accounting Solutions Ltd
27/06/2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: 07787772
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,659 56,328
Investments 5 324,701 324,701
381,360 381,029
CURRENT ASSETS
Debtors 6 347,213 430,489
Cash at bank and in hand 5,313 25,647
352,526 456,136
Creditors: Amounts Falling Due Within One Year 7 (445,461 ) (434,555 )
NET CURRENT ASSETS (LIABILITIES) (92,935 ) 21,581
TOTAL ASSETS LESS CURRENT LIABILITIES 288,425 402,610
Creditors: Amounts Falling Due After More Than One Year 8 (172,481 ) (317,642 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (14,166 ) (14,083 )
NET ASSETS 101,778 70,885
CAPITAL AND RESERVES
Called up share capital 11 120 120
Income Statement 101,658 70,765
SHAREHOLDERS' FUNDS 101,778 70,885
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For the year ending 30 September 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.
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 Income Statement.
On behalf of the board
William Sterling
Director
27/06/2025
The notes on pages 5 to 10 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sterling Accounting Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07787772 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
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:
Leasehold Improvements straight line over the term of the lease
Office Equipment 25% straight line
Website Development 25% straight line
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2.4. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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 year 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.
...CONTINUED
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2.6. Taxation - continued
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 19)
22 19
4. Tangible Assets
Land & Property
Leasehold Improvements Office Equipment Website Development Total
£ £ £ £
Cost
As at 1 October 2023 85,640 57,462 4,600 147,702
Additions 29,264 3,481 - 32,745
As at 30 September 2024 114,904 60,943 4,600 180,447
Depreciation
As at 1 October 2023 51,352 36,572 3,450 91,374
Provided during the period 20,658 10,606 1,150 32,414
As at 30 September 2024 72,010 47,178 4,600 123,788
...CONTINUED
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Net Book Value
As at 30 September 2024 42,894 13,765 - 56,659
As at 1 October 2023 34,288 20,890 1,150 56,328
5. Investments
Unlisted
£
Cost
As at 1 October 2023 324,701
As at 30 September 2024 324,701
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 324,701
As at 1 October 2023 324,701
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 132,476 127,616
Other debtors 214,737 302,873
347,213 430,489
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 54,379 34,098
Bank loans and overdrafts 4,949 37,507
Other loans 116,996 166,479
Corporation tax 38,640 24,186
Other taxes and social security 17,818 17,773
VAT 78,731 134,180
Other creditors 133,948 20,332
445,461 434,555
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 172,481 186,477
Other creditors - 131,165
172,481 317,642
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 14,166 14,083
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 14,083 14,083
Additions 83 83
Balance at 30 September 2024 14,166 14,166
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
30 Ordinary A shares of £ 1.00 each 30 30
30 Ordinary B shares of £ 1.00 each 30 30
30 Ordinary C shares of £ 1.00 each 30 30
30 Ordinary D shares of £ 1.00 each 30 30
120 120
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 52,000 135,500
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13. Ultimate Controlling Party
As at the reporting date the company's ultimate controlling party was William Sterling by virtue of their ownership of majority of the issued share capital in the company.
On 27 October 2024 there was a change in the company's ownership therefore the company's ultimate parent undertaking is SAS Group Partners Limited who controls majority of the shares of Sterling Accounting Solutions Limited.
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