Sterling Global Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 05386203

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,069		4,090

			3,069		4,090
CURRENT ASSETS
Stocks	5	900		1,325
Debtors	6	617		-
Cash at bank and in hand		1,907		2,880

		3,424		4,205
Creditors: Amounts Falling Due Within One Year	7	(1,007 )		(55 )

NET CURRENT ASSETS (LIABILITIES)			2,417		4,150

TOTAL ASSETS LESS CURRENT LIABILITIES			5,486		8,240

Creditors: Amounts Falling Due After More Than One Year	8		(30,924 )		(30,258 )

NET LIABILITIES			(25,438 )		(22,018 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(25,440 )		(22,020 )

SHAREHOLDERS' FUNDS			(25,438)		(22,018)

Page 1

Page 2

Sterling Global Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Rajinder Kumar

Director

16/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Sterling Global Limited Registered number 05386203 is a limited by shares company incorporated in England & Wales. The Registered Office is 29 Looe Street, The Barbican, Plymouth, PL4 0EA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Sales, marketing and distribution	1	1

	1	1

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	1,293	13,050	14,343

As at 31 March 2025	1,293	13,050	14,343

Depreciation
As at 1 April 2024	1,281	8,972	10,253
Provided during the period	2	1,019	1,021

As at 31 March 2025	1,283	9,991	11,274

Net Book Value
As at 31 March 2025	10	3,059	3,069

As at 1 April 2024	12	4,078	4,090

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Sterling Global Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Stocks

	2025	2024
	£	£
Stock	900	1,325

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	617	-

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	450	55
Bank loans and overdrafts	557	-

	1,007	55

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	13,650	16,093
Directors loan account	17,274	14,165

	30,924	30,258

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Ultimate Controlling Party

The company's ultimate controlling party is Rajinder Kumar by virtue of his ownership of 100% of the issued share capital in the company.