Abbreviated Company Accounts - STERLING CARE & SUPPORT LTD

STERLING CARE & SUPPORT LTD - Company Information

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Registered Number 06819090

STERLING CARE & SUPPORT LTD

Abbreviated Accounts

28 February 2015

STERLING CARE & SUPPORT LTD Registered Number 06819090

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	21,730	18,593
		21,730	18,593
Current assets
Debtors		40,273	41,049
Cash at bank and in hand		2,708	-
		42,981	41,049
Creditors: amounts falling due within one year		(54,062)	(53,854)
Net current assets (liabilities)		(11,081)	(12,805)
Total assets less current liabilities		10,649	5,788
Creditors: amounts falling due after more than one year		(10,526)	(14,737)
Total net assets (liabilities)		123	(8,949)
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		119	(8,953)
Shareholders' funds		123	(8,949)

For the year ending 28 February 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 27 November 2015

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

STERLING CARE & SUPPORT LTD Registered Number 06819090

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been prepared on the going concern basis. The directors consider this to be appropriate and are confident as to the future profitability, and anticipate that all liabilities will be met as they fall due.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment 25% Reducing balance
Fixtures and fittings 25% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 March 2014	26,399
Additions	9,699
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	36,098
Depreciation
At 1 March 2014	7,806
Charge for the year	6,562
On disposals	-
At 28 February 2015	14,368
Net book values
At 28 February 2015	21,730
At 28 February 2014	18,593

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

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4

4Transactions with directors

Name of director receiving advance or credit:	Mr J A Grimes and Mrs J M Grimes
Description of the transaction:	Current Account
Balance at 1 March 2014:	£ 13,292
Advances or credits made:	£ 23,790
Advances or credits repaid:	£ 14,457
Balance at 28 February 2015:	£ 22,625

Name of director receiving advance or credit:	Mt T Hynes and Mrs S Hynes
Description of the transaction:	Current Account
Balance at 1 March 2014:	£ 6,370
Advances or credits made:	£ 7,474
Advances or credits repaid:	£ 4,964
Balance at 28 February 2015:	£ 8,880

There was a balance due to the company at 28 February 2015 from Mr J A and Mrs J M Grimes of £22,625 (2014, £13,292). The maximum overdrawn balance was £26,171, £23,790 was drawn and £14,457 repaid. Interest was charged of £550.

There was also a balance due to the company from Mr T and Mrs S Hynes of £8,880 (2014, £6,370). The maximum overdrawn balance was £8,880, £7,474 was drawn and £4,964 repaid. Interest was charged of £342.