Abbreviated Company Accounts - STERLING ENTERPRISES LIMITED
Abbreviated Company Accounts - STERLING ENTERPRISES LIMITED
Registered Number 04917966
STERLING ENTERPRISES LIMITED
Abbreviated Accounts
31 October 2015
STERLING ENTERPRISES LIMITED Registered Number 04917966
Abbreviated Balance Sheet as at 31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 October 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
And signed on their behalf by:
STERLING ENTERPRISES LIMITED Registered Number 04917966
Notes to the Abbreviated Accounts for the period ended 31 October 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold properties – Straight line of the life of the lease
Plant and machinery – 15% per annum on reducing balance basis
Fixtures, fittings and equipment – 15% per annum on reducing balance basis
Motor vehicles – 25% per annum on reducing balance basis
Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 17 years.
Other accounting policies
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances.
£ | |
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Cost | |
At 1 November 2014 |
|
Additions |
|
Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Amortisation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
|
At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 55,888 |
At 31 October 2014 | 67,064 |
£ | |
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Cost | |
At 1 November 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 October 2015 |
|
Depreciation | |
At 1 November 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 October 2015 |
|
Net book values | |
At 31 October 2015 | 170,110 |
At 31 October 2014 | 193,249 |