Abbreviated Company Accounts - STERLING ITC LIMITED

STERLING ITC LIMITED - Company Information

08854877 STERLING ITC LIMITED 2015-01-31 false 2014-01-21 2015-01-31 true 08854877 2014-01-21 2015-01-31 08854877 2015-01-31 08854877 uk-gaap-cd-bus:Director1 2014-01-21 2015-01-31 08854877 uk-gaap-cd-bus:Director2 2014-01-21 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-21 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 08854877

STERLING ITC LIMITED

Abbreviated Accounts

31 January 2015

STERLING ITC LIMITED Registered Number 08854877

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	6,452
		6,452
Current assets
Debtors		5,232
Cash at bank and in hand		50,018
		55,250
Creditors: amounts falling due within one year		(38,542)
Net current assets (liabilities)		16,708
Total assets less current liabilities		23,160
Provisions for liabilities		(1,291)
Total net assets (liabilities)		21,869
Capital and reserves
Called up share capital	3	100
Profit and loss account		21,769
Shareholders' funds		21,869

For the year ending 31 January 2015 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 4 August 2015

And signed on their behalf by:
Mr J Morrison, Director

STERLING ITC LIMITED Registered Number 08854877

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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 represents net nvoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each over its estimated useful life.
Plant and machinery 15% on cost
Fixtures and fittings 15% on cost

Other accounting policies
Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
Additions	7,591
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	7,591
Depreciation
Charge for the year	1,139
On disposals	-
At 31 January 2015	1,139
Net book values
At 31 January 2015	6,452

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

	2015 £
100 Ordinary shares of £1 each	100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period