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Registered Number: 13195728


 

 

 

DIGITAL STERLING LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2024

End date: 28 February 2025

DIGITAL STERLING LIMITED
Contents Page
For the year ended 28 February 2025
Director Safeer KHAN
Registered Number 13195728
Registered Office 107
Kentmere Approach
Leeds
LS14 1JW
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 28 February 2025.
Principal activities
Principal activity of the company during the financial year was of other retail sale in nonspecialised stores.
Director
The director who served the company throughout the year was as follows:
Safeer KHAN
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Safeer KHAN
Director

Date approved: 30 November 2025
2
 
 		 Notes
 		 2025
£		   2024
£
Turnover 1,411,382    788,472 
Cost of sales (1,138,282)   (612,578)
Gross profit 273,100    175,894 
Administrative expenses (295,659)   (190,398)
Other operating income 39,892    30,010 
Operating profit 17,333    15,506 
Profit/(Loss) on ordinary activities before taxation 17,333    15,506 
Tax on profit on ordinary activities (3,180)   (2,737)
Profit/(Loss) for the financial year 14,153    12,769 
 
3
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 3 600    - 
600    - 
Current assets      
Stocks 4 171,556    75,000 
Debtors 5 68,000    44,000 
Cash at bank and in hand 313    5,451 
239,869    124,451 
Creditors: amount falling due within one year 6 (196,900)   (95,035)
Net current assets 42,969    29,416 
 
Total assets less current liabilities 43,569    29,416 
Net assets 43,569    29,416 
 

Capital and reserves 		     
Called up share capital 7 2    2 
Profit and loss account 43,567    29,414 
Shareholders' funds 43,569    29,416 
 


For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the director on 30 November 2025 and were signed by:


-------------------------------
Safeer KHAN
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2023 2  16,645  16,647 
Profit for the year 12,769  12,769 
Total comprehensive income for the year -  12,769  12,769 
Total investments by and distributions to owners -  -  - 
At 29 February 2024 2  29,414  29,416 
At 01 March 2024 2  29,414  29,416 
Profit for the year 14,153  14,153 
Total comprehensive income for the year -  14,153  14,153 
Total investments by and distributions to owners -  -  - 
At 28 February 2025 2  43,567  43,569 
5
General Information
DIGITAL STERLING LIMITED is a private company, limited by shares, registered in , registration number 13195728, registration address 107, Kentmere Approach, Leeds, LS14 1JW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 9 (2024 : 8).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2024 -    - 
Additions 750    750 
Disposals -    - 
At 28 February 2025 750    750 
Depreciation
At 01 March 2024 -    - 
Charge for year 150    150 
On disposals -    - 
At 28 February 2025 150    150 
Net book values
Closing balance as at 28 February 2025 600    600 
Opening balance as at 01 March 2024 -    - 


4.

Stocks

2025
£		   2024
£
Stocks 171,556    75,000 
171,556    75,000 

5.

Debtors: amounts falling due within one year

2025
£		   2024
£
Other Debtors 68,000    44,000 
68,000    44,000 

6.

Creditors: amount falling due within one year

2025
£		   2024
£
Trade Creditors 55,596    - 
Corporation Tax 7,839    - 
PAYE & Social Security 12,158    - 
Other Creditors 111,596    92,031 
Directors' Current Accounts 1,556    - 
VAT 8,155    3,004 
196,900    95,035 

7.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
2 Class A shares of £1.00 each 2    2 
2    2 

8.

Controlling Parties

The company's ultimate controlling party is Mr Safeer Khan by virtue of their interest in the share capital of the company.
6