Sterling ITC Limited - Abbreviated accounts 16.1

Sterling ITC Limited - Abbreviated accounts 16.1

STERLING ITC LIMITED - Company Information

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REGISTERED NUMBER: 08854877 (England and Wales)







Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

Sterling ITC Limited

Sterling ITC Limited (Registered number: 08854877)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Sterling ITC Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: Mr J Morrison
Miss K Beach





REGISTERED OFFICE: The Old Boardroom
Collett Road
Ware
Hertfordshire
SG12 7LR





REGISTERED NUMBER: 08854877 (England and Wales)





ACCOUNTANTS: DSCO
The Old Boardroom
Collett Road
Ware
Hertfordshire
SG12 7LR
Page 1
Sterling ITC Limited (Registered number: 08854877)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,752 6,452

CURRENT ASSETS
Debtors 23,582 5,232
Cash at bank 65,851 50,018
89,433 55,250
CREDITORS
Amounts falling due within one year 47,757 38,542
NET CURRENT ASSETS 41,676 16,708
TOTAL ASSETS LESS CURRENT
LIABILITIES
47,428
23,160

PROVISIONS FOR LIABILITIES 1,150 1,291
NET ASSETS 46,278 21,869

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 46,178 21,769
SHAREHOLDERS' FUNDS 46,278 21,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 25 July 2016 and were signed on its behalf by:





Mr J Morrison - Director


The notes form part of these abbreviated accounts

Page 2
Sterling ITC Limited (Registered number: 08854877)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 7,591
Additions 516
At 31 January 2016 8,107
DEPRECIATION
At 1 February 2015 1,139
Charge for year 1,216
At 31 January 2016 2,355
NET BOOK VALUE
At 31 January 2016 5,752
At 31 January 2015 6,452

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
100 Ordinary £1 100 100

Page 3