REGISTERED NUMBER: 11529064 (England and Wales)

THE STERLING SILVA KOMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Campbell

REGISTERED OFFICE:

CN House

Brooks Drive

Cheadle Royal Business Park

Cheadle

SK8 3TD

REGISTERED NUMBER:

11529064 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Tangible assets

4

-

71

CURRENT ASSETS

Debtors

5

34,500

23,500

Cash at bank

5,033

3,885

39,533

27,385

CREDITORS

Amounts falling due within one year

6

8,604

8,166

NET CURRENT ASSETS

30,929

19,219

TOTAL ASSETS LESS CURRENT LIABILITIES

30,929

19,290

CREDITORS

Amounts falling due after more than one year

7

66,794

65,094

NET LIABILITIES

(35,865

)

(45,804

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(35,866

)

(45,805

)

(35,865

)

(45,804

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

A J Campbell - Director

1.	STATUTORY INFORMATION

The Sterling Silva Kompany 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.

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 September 2023

and 31 August 2024

284

DEPRECIATION

At 1 September 2023

213

Charge for year

71

At 31 August 2024

284

NET BOOK VALUE

At 31 August 2024

-

At 31 August 2023

71

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments and accrued income

34,500

23,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

2,340

1,781

Directors' current accounts

3,263

2,385

Accrued expenses

3,001

4,000

8,604

8,166

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

1,965

1,965

Bank loans - 2-5 years

34,329

35,629

Other loans more 5yrs instal

30,500

27,500

66,794

65,094

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

30,500

27,500