Abbreviated Company Accounts - STERLING WORK LIMITED

STERLING WORK LIMITED - Company Information

07060198 STERLING WORK LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 07060198 2012-11-01 2013-10-31 07060198 2013-10-31 07060198 2012-10-31 07060198 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 07060198 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 07060198

STERLING WORK LIMITED

Abbreviated Accounts

31 October 2013

STERLING WORK LIMITED Registered Number 07060198

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	979	1,024
		979	1,024
Current assets
Debtors		250	226
Cash at bank and in hand		3,452	87
		3,702	313
Creditors: amounts falling due within one year		(6,417)	(5,709)
Net current assets (liabilities)		(2,715)	(5,396)
Total assets less current liabilities		(1,736)	(4,372)
Provisions for liabilities		(196)	(205)
Total net assets (liabilities)		(1,932)	(4,577)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(1,933)	(4,578)
Shareholders' funds		(1,932)	(4,577)

For the year ending 31 October 2013 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2014

And signed on their behalf by:
I Crook, Director

STERLING WORK LIMITED Registered Number 07060198

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Office equipment 20% per annum of net book value

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 November 2012	2,000
Additions	200
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	2,200
Depreciation
At 1 November 2012	976
Charge for the year	245
On disposals	-
At 31 October 2013	1,221
Net book values
At 31 October 2013	979
At 31 October 2012	1,024

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1 Ordinary shares of £1 each	1	1