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REGISTERED NUMBER: 06864378 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STERLING ACCREDITATION LIMITED

STERLING ACCREDITATION LIMITED (REGISTERED NUMBER: 06864378)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STERLING ACCREDITATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J F F Campbell
A Stafilopatis





REGISTERED OFFICE: Suite 16 Lowry Mill
Lees Street
Manchester
Pendlebury
M27 6DB





REGISTERED NUMBER: 06864378 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

STERLING ACCREDITATION LIMITED (REGISTERED NUMBER: 06864378)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,286 952

CURRENT ASSETS
Debtors 5 30,906 29,848
Cash at bank 13,180 42,780
44,086 72,628
CREDITORS
Amounts falling due within one year 6 (53,608 ) (69,758 )
NET CURRENT (LIABILITIES)/ASSETS (9,522 ) 2,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,236

)

3,822

CREDITORS
Amounts falling due after more than one
year

7

(734,177

)

(804,642

)

PROVISIONS FOR LIABILITIES (244 ) (181 )
NET LIABILITIES (742,657 ) (801,001 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (743,657 ) (802,001 )
SHAREHOLDERS' FUNDS (742,657 ) (801,001 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





J F F Campbell - Director


STERLING ACCREDITATION LIMITED (REGISTERED NUMBER: 06864378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Sterling Accreditation Limited 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.
Plant and machinery - 33.33% on cost
Fixtures and fittings - 33.33% on cost
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The company has long term loans owing solely to major shareholders and reflect historic debt which has been substantially reduced. The company trades profitably and has no debt except that to the shareholders who have stated that they have no intention of demanding debt repayment from the company as this would be completely against their interests as shareholders. The directors therefore believe that the company has sufficient resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

STERLING ACCREDITATION LIMITED (REGISTERED NUMBER: 06864378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 670 2,407 32,471 35,548
Additions - - 1,260 1,260
At 31 March 2025 670 2,407 33,731 36,808
DEPRECIATION
At 1 April 2024 670 2,407 31,519 34,596
Charge for year - - 926 926
At 31 March 2025 670 2,407 32,445 35,522
NET BOOK VALUE
At 31 March 2025 - - 1,286 1,286
At 31 March 2024 - - 952 952

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 23,317 21,694
Prepayments 7,589 8,154
30,906 29,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 15,842 14,244
Tax 67 66
Social security and other taxes 2,858 2,553
VAT 14,693 13,878
Other creditors 323 147
Accrued expenses 19,825 38,870
53,608 69,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other loans - 2-5 years 734,177 804,642

8. RELATED PARTY DISCLOSURES

As at 31 March 2025, the company owed £454,632 (2024: £486,800) to Argyll Shipping Limited, a company in which Mr J Campbell is also a director.

As at 31 March 2025, the company owed £279,545 (2024: £317,842) to Mystique Sea Ventures, a company in which Mr A Stafilopatis is also a director.