REGISTERED NUMBER: 08752507 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

STERLING WILSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A Wilson

REGISTERED OFFICE:

45 New Way Road

Evington

Leicester

Leicestershire

LE5 5UA

REGISTERED NUMBER:

08752507 (England and Wales)

ACCOUNTANTS:

Armstrongs

Chartered Accountants and Tax Advisors

Gethin House

36 Bond Street

Nuneaton

Warwickshire

CV11 4DA

CURRENT ASSETS

Stocks

125,785

61,413

Debtors

6

17,801

149,837

Cash at bank

22,632

2,032

166,218

213,282

CREDITORS

Amounts falling due within one year

7

292,431

342,877

NET CURRENT LIABILITIES

(126,213

)

(129,595

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(126,213

)

(129,595

)

CREDITORS

Amounts falling due after more than one year

8

23,446

22,605

NET LIABILITIES

(149,659

)

(152,200

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(149,759

)

(152,300

)

SHAREHOLDERS' FUNDS

(149,659

)

(152,200

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 December 2025 and were signed by:

Mr R A Wilson - Director

1.	STATUTORY INFORMATION

Sterling Wilson 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from rendering of services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to date of work completed..

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stock and work in progress

Stock and work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Costs comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to its present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The accounts have been prepared on a going concern basis. The director continues to finance the losses to support the company going forward.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

10,000

AMORTISATION

At 1 November 2023

and 31 October 2024

10,000

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2023

and 31 October 2024

1,878

DEPRECIATION

At 1 November 2023

and 31 October 2024

1,878

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,216

127,483

Other debtors

15,585

22,354

17,801

149,837

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,596

12,348

Trade creditors

30,412

101,055

Taxation and social security

165,955

144,864

Other creditors

82,468

84,610

292,431

342,877

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

23,446

22,605

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R A Wilson.