Sterling I.C.U. Ltd Company accounts
Sterling I.C.U. Ltd Company accounts
COMPANY REGISTRATION NUMBER:
02914995
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Financial Statements |
Year ended 28th February 2022
Contents |
Page |
Director's report |
1 |
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
2 |
Statement of income and retained earnings |
3 |
Statement of financial position |
4 |
Notes to the financial statements |
6 |
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Director's Report |
Year ended 28th February 2022
The director presents his report and the unaudited financial statements of the company for the year ended
28 February 2022
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Directors
The directors who served the company during the year were as follows:
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(Appointed
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(Resigned
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Small company provisions
This report was approved by the board of directors on
24 November 2022
and signed on behalf of the board by:
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Director |
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Registered office: |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 28th February 2022
24 Bridge Street
Newport
South Wales
NP20 4SF
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Statement of Income and Retained Earnings |
Year ended 28th February 2022
2022 |
2021 |
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Note |
£ |
£ |
Turnover |
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Gross profit |
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Administrative expenses |
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(
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Operating profit |
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Other interest receivable and similar income |
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Profit before taxation |
4 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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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
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
24 November 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
02914995
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Notes to the Financial Statements |
Year ended 28th February 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Bridge Street, Newport, South Wales, NP20 4SF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. The fair value as at 28 February 2022 is a Director's valuation.
If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Provisions
Financial instruments
4.
Profit before taxation
Profit before taxation is stated after crediting:
2022 |
2021 |
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£ |
£ |
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Fair value adjustments to investment property |
– |
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5.
Investments
Investment property |
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£ |
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Cost |
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At 1st March 2021 and 28th February 2022 |
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Impairment |
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At 1st March 2021 and 28th February 2022 |
– |
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Carrying amount |
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At 28th February 2022 |
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--------- |
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At 28th February 2021 |
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The investment property has been valued, by the Director, at its fair value as at 28 February 2022.
6.
Debtors
2022 |
2021 |
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£ |
£ |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Corporation tax |
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– |
Other creditors |
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8.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.