Company registration number: 07350770
Unaudited financial statements
for the year ended 31 December 2024
for
Sterlings Partnership Ltd
Pages for filing with the Registrar
Company registration number: 07350770
Sterlings Partnership Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 1,788 2,383
1,788 2,383
Current assets
Stocks 214,218 -
Debtors 463,001 699,004
Cash at bank and in hand 151,590 250,482
828,809 949,486
Creditors: amounts falling due within one
year 		(728,547) (837,268)
Net current assets 100,262 112,218
Total assets less current liabilities 102,050 114,601
Provisions for liabilities (11,642) (11,642)
NET ASSETS 90,408 102,959
Capital and reserves
Called up share capital 100 100
Profit and loss account 90,308 102,859
TOTAL EQUITY 90,408 102,959
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07350770
Sterlings Partnership Ltd
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 30 September 2025 and signed on its behalf by:
Mr S Evans, Director
30 September 2025
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Sterlings Partnership Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Sterlings Partnership Ltd is a private company registered in England and Wales. Its registered number is 07350770. The company is limited by shares. Its registered office is 51 Eastcheap (Floor 1), City Of London, EC3M 1JP.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Sterlings Partnership Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2023 - 8).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 4,195
At 31 December 2024 4,195
Depreciation
At 1 January 2024 1,812
Charge for year 595
At 31 December 2024 2,407
Net book value
At 31 December 2024 1,788
At 31 December 2023 2,383
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