Abbreviated Company Accounts - STERLING TAX ADVISERS LIMITED

STERLING TAX ADVISERS LIMITED - Company Information

04770787 STERLING TAX ADVISERS LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04770787 2013-01-01 2013-12-31 04770787 2013-12-31 04770787 2012-12-31 04770787 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04770787 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04770787

STERLING TAX ADVISERS LIMITED

Abbreviated Accounts

31 December 2013

STERLING TAX ADVISERS LIMITED Registered Number 04770787

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Current assets
Debtors		1,145	-
Cash at bank and in hand		-	10,266
		1,145	10,266
Creditors: amounts falling due within one year		(1,365)	(10,580)
Net current assets (liabilities)		(220)	(314)
Total assets less current liabilities		(220)	(314)
Total net assets (liabilities)		(220)	(314)
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		(221)	(315)
Shareholders' funds		(220)	(314)

For the year ending 31 December 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 4 September 2014

And signed on their behalf by:
ANSHU AGGARWAL, Director

STERLING TAX ADVISERS LIMITED Registered Number 04770787

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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 the total value of tax consultancy services provided to clients during the period, net of Value Added Tax. Turnover is recognised at the point of service performance.

Payments in advance from a client are recognised as a liability (rather than turnover) until such time as the transactions are performed, with the company fulfilling its contractual obligations. In the case of partial performance of an obligation, turnover is recognised to the appropriate extent of such partial performance.

2Called Up Share Capital
Allotted, called up and fully paid:

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

3Transactions with directors

Name of director receiving advance or credit:	Anshu Aggarwal
Description of the transaction:	Transactions with the director
Balance at 1 January 2013:	£ 10,580
Advances or credits made:	£ 3,110
Advances or credits repaid:	£ 12,325
Balance at 31 December 2013:	£ 1,365

At the beginning of the year, the company owed A Aggarwal the sum of £10,580. During the year, company expenses were paid by her in the amount of £3,110 and repayment amounting to £12,325 was made to her resulting in £1,365 owed to A Aggarwal as at 31 December 2013.