Sterling Tax Advisers Limited - Accounts

STERLING TAX ADVISERS LIMITED - Company Information

Sterling Tax Advisers Limited 04770787 provision of tax consultancy services. false 1 January 2018 04770787 2018-01-01 2018-12-31 04770787 2017-12-31 04770787 2018-12-31 04770787 2017-01-01 2017-12-31 04770787 2016-12-31 04770787 2017-12-31 04770787 frs102-bus:FRS102 2018-01-01 2018-12-31 04770787 frs102-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 04770787 frs102-bus:FullAccounts 2018-01-01 2018-12-31 04770787 frs102-bus:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 04770787 frs102-core:CurrentFinancialInstruments 2018-12-31 04770787 frs102-core:CurrentFinancialInstruments 2017-12-31 04770787 frs102-core:ShareCapital 2018-12-31 04770787 frs102-core:ShareCapital 2017-12-31 04770787 frs102-core:RetainedEarningsAccumulatedLosses 2018-12-31 04770787 frs102-core:RetainedEarningsAccumulatedLosses 2017-12-31 04770787 frs102-bus:Director1 2018-01-01 2018-12-31 04770787 frs102-bus:OrdinaryShareClass1 2018-12-31 04770787 frs102-bus:OrdinaryShareClass1 2017-12-31 04770787 frs102-bus:OrdinaryShareClass1 2018-01-01 2018-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	04770787

	Sterling Tax Advisers Limited
	Unaudited Accounts
	for the year ended
	31 December 2018

Sterling Tax Advisers Limited Balance Sheet as at 31 December 2018
	Notes		2018 £		2017 £
Current assets
Debtors	2	1,700		2,830
Cash at bank and in hand		7,190		4,756
		8,890		7,586

Creditors: amounts falling due within one year	3	(15,075)		(11,575)

Net current assets / (liabilities)			(6,185)		(3,989)

Total assets less current liabilities			(6,185)		(3,989)

Total net assets (liabilities)			(6,185)		(3,989)

Capital and reserves
Called up share capital	4		1		1
Profit and loss account			(6,186)		(3,990)
Shareholders' funds			(6,185)		(3,989)

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

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

Signed on behalf of the board of directors

...............................

Ms A Aggarwal

Director

Approved by the board on 4 September 2019

Company Number: 04770787 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

1st Floor, Office 8, The Business Resource Network
Whateleys Drive
Kenilworth
CV8 2GY
United Kingdom

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue represents the total value of tax consultancy services provided to clients during the period, net of Value Added Tax. Revenue is recognised at the point of service performance and measured at the fair value of the consideration received or receivable. Payments in advance from a client are recognised as a liability (rather than revenue) until such time as the transactions are performed, with the company fulfilling its contractual obligations. In the case of partial performance of an obligation, revenue is recognised to the appropriate extent of such partial performance.

Revenue recognition

Revenue represents the total value of tax consultancy services provided to clients during the period, net of Value Added Tax. Revenue is recognised at the point of service performance and measured at the fair value of the consideration received or receivable.

Payments in advance from a client are recognised as a liability (rather than revenue) until such time as the transactions are performed, with the company fulfilling its contractual obligations. In the case of partial performance of an obligation, revenue is recognised to the appropriate extent of such partial performance.

Debtors
	2018	2017
	£	£
Trade debtors	1,700	2,830
	1,700	2,830

Creditors: amounts falling due within one year
	2018	2017
	£	£
Other creditors	15,075	11,575
	15,075	11,575

Share capital
	2018	2017
	£	£
Allotted, called up and fully paid:
1 (2017: 1) Ordinary shares of £1.00 each	1	1

	1	1

5.	Related party disclosures
	Controlling party The company was under the control of A Aggarwal, the director, throughout the current and previous year.

6.	Transactions with directors
	Director's salary amounted to £2,500 for the years ended 31 December 2018 and 2017. In 2018 and 2017, company expenses amounting to £1,000 was paid by the director. Outstanding balance owed to the director amounted to £15,075 and £11,575 as at 31 December 2017 and 2016, respectively.