Stirlin Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07344094 (England and Wales)

STIRLIN MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J A Kirby

REGISTERED OFFICE:

11 Sadler Court

Stirlin Point

Lincoln

Lincolnshire

LN6 3RG

REGISTERED NUMBER:

07344094 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

CURRENT ASSETS

Debtors

3

501

1,443

Cash at bank

1,391

1,931

1,892

3,374

CREDITORS

Amounts falling due within one year

4

3,876

5,358

NET CURRENT LIABILITIES

(1,984

)

(1,984

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,984

)

(1,984

)

CAPITAL AND RESERVES

Called up share capital

5

1

Retained earnings

(1,985

)

(1,985

)

SHAREHOLDERS' FUNDS

(1,984

)

(1,984

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on
20 May 2020 and were signed by:

J A Kirby - Director

1.	STATUTORY INFORMATION

Stirlin Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and 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.

Going concern

Following the impact of Covid-19, these accounts have been prepared on a going concern basis, on the

understanding that the directors and shareholders will continue to financially support the company during this

uncertain period.

During the year to 31 October 2019 the company sustained a profit of £nil (2018: a loss of £259) and at that

date its liabilities exceeded its assets by £1,984 (2018: £1,984). The company is reliant upon the ongoing

support of its directors. The directors considers the going concern basis of accounting to be appropriate for

the business and in these financial statements.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

501

1,443

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

315

260

Taxation and social security

329

653

Other creditors

3,232

4,445

3,876

5,358

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

1

Ordinary

£1

1

Stirlin Management Limited - Accounts to registrar (filleted) - small 18.2

Stirlin Management Limited - Accounts to registrar (filleted) - small 18.2