Sterling Sinclair Removals Limited 30/04/2025 iXBRL

Company registration number: SC531356

Sterling Sinclair Removals Limited

Unaudited filleted financial statements

30 April 2025

Sterling Sinclair Removals Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Sterling Sinclair Removals Limited

Directors and other information


	Directors	Mr Neil Adam Sinclair


	Company number	SC531356


	Registered office	20 Barnton Street
		Stirling
		FK8 1NA


	Accountants	Dickson Middleton
		20 Barnton Street
		Striling
		FK8 1NA

Sterling Sinclair Removals Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Sterling Sinclair Removals Limited

Year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sterling Sinclair Removals Limited for the year ended 30 April 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Sterling Sinclair Removals Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sterling Sinclair Removals Limited and state those matters that we have agreed to state to the board of directors of Sterling Sinclair Removals Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sterling Sinclair Removals Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Sterling Sinclair Removals Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sterling Sinclair Removals Limited. You consider that Sterling Sinclair Removals Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sterling Sinclair Removals Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dickson Middleton

Chartered Accountants

20 Barnton Street

Striling

FK8 1NA

6 January 2026

Sterling Sinclair Removals Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	12,000		-
Tangible assets	6	1,176,349		1,140,815
		_______		_______
			1,188,349		1,140,815

Current assets
Debtors	7	67,015		60,432
Investments	8	1		1
Cash at bank and in hand		394,708		349,552
		_______		_______
		461,724		409,985
Creditors: amounts falling due
within one year	9	( 481,214)		( 482,173)
		_______		_______
Net current liabilities			( 19,490)		( 72,188)
			_______		_______
Total assets less current liabilities			1,168,859		1,068,627

Creditors: amounts falling due
after more than one year	10		( 401,246)		( 375,643)

Provisions for liabilities			( 196,775)		( 189,012)

			_______		_______
Net assets			570,838		503,972
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			570,836		503,970
			_______		_______
Shareholders funds			570,838		503,972
			_______		_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 06 January 2026 , and are signed on behalf of the board by:

Mr Neil Adam Sinclair

Director

Company registration number: SC531356

Sterling Sinclair Removals Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 20 Barnton Street, Stirling, FK8 1NA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	0 %	straight line
Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 32 (2024: 18 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 May 2024	-	-
Additions	15,000	15,000
	_______	_______
At 30 April 2025	15,000	15,000
	_______	_______
Amortisation
At 1 May 2024	-	-
Charge for the year	3,000	3,000
	_______	_______
At 30 April 2025	3,000	3,000
	_______	_______
Carrying amount
At 30 April 2025	12,000	12,000
	_______	_______
At 30 April 2024	-	-
	_______	_______

On 1 July 2024 the entity acquired the trade and assets of Glen Transport Limited. Assets and stock valued at £40,000 were acquired at that date.

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024	317,038	916,347	13,135	396,834	1,643,354
Additions	-	70,830	639	165,443	236,912
Disposals	-	( 5,670)	-	( 11,000)	( 16,670)
	_______	_______	_______	_______	_______
At 30 April 2025	317,038	981,507	13,774	551,277	1,863,596
	_______	_______	_______	_______	_______
Depreciation
At 1 May 2024	-	292,307	3,624	206,608	502,539
Charge for the year	-	103,508	1,523	88,047	193,078
Disposals	-	( 851)	-	( 7,519)	( 8,370)
	_______	_______	_______	_______	_______
At 30 April 2025	-	394,964	5,147	287,136	687,247
	_______	_______	_______	_______	_______
Carrying amount
At 30 April 2025	317,038	586,543	8,627	264,141	1,176,349
	_______	_______	_______	_______	_______
At 30 April 2024	317,038	624,040	9,511	190,226	1,140,815
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	-	1,258
Amounts owed by undertakings in which the company has a participating interest	10,000	7,500
Other debtors	57,015	51,674
	_______	_______
	67,015	60,432
	_______	_______

8. Investments

	2025	2024
	£	£
Other investments	1	1
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	43,033	43,033
Social security and other taxes	92,009	72,033
Other creditors	346,172	367,107
	_______	_______
	481,214	482,173
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	225,441	268,945
Other creditors	175,805	106,698
	_______	_______
	401,246	375,643
	_______	_______

Bank loans are secured by way of standard security over the company's freehold property and a floating charge over the company's assets.

11. Related party transactions

Included within other creditors is a loan from Edinburgh Self Store Limited, a subsidiary company. This loan is currently at terms favourable to the market rates.