Abbreviated Company Accounts - STERLING TRUCKS LIMITED

STERLING TRUCKS LIMITED - Company Information

SC197651 STERLING TRUCKS LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true SC197651 2015-07-01 2016-06-30 SC197651 2016-06-30 SC197651 2015-06-30 SC197651 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 SC197651 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number SC197651

STERLING TRUCKS LIMITED

Abbreviated Accounts

30 June 2016

STERLING TRUCKS LIMITED Registered Number SC197651

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	389,196	324,114
		389,196	324,114
Current assets
Debtors		37,557	35,773
Cash at bank and in hand		32,476	71,103
		70,033	106,876
Creditors: amounts falling due within one year	3	(120,750)	(96,193)
Net current assets (liabilities)		(50,717)	10,683
Total assets less current liabilities		338,479	334,797
Creditors: amounts falling due after more than one year	3	(247,490)	(235,626)
Total net assets (liabilities)		90,989	99,171
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		90,987	99,169
Shareholders' funds		90,989	99,171

For the year ending 30 June 2016 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 24 March 2017

And signed on their behalf by:
ANDREW DUFF, Director

STERLING TRUCKS LIMITED Registered Number SC197651

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 IS STATED NET OF VALUE ADDED TAX AND IS FULL GENERATED WITHIN THE UNITED KINGDOM

Tangible assets depreciation policy
TANGIBLE FIXED ASSETS ARE STATED AT COST LESS DEPRECIATION,DEPRECIATION IS CALCULATED TO WRITE OFF COST LESS RESIDUAL VALUE OVER ASSETS USEFUL ECONOMIC LIFE AS FOLLOWS
LORRIES 20% AND 40%

Other accounting policies
ASSETS HELD UNDER HIRE PURCHASE ARE CAPITALISED IN THE BALANCE SHEET AS TANGIBLE FIXED ASSET AND THE CORRESPONDING LIABILITY IS SHOWN UNDER
HIRE PURCHASE CREDITORS,INTEREST ON THESE LIABILITIES ARE CHARGED TO THE PROFIT AND LOSS ACCOUNT ON A STRAIGHT LINE BASIS

2Tangible fixed assets

	£
Cost
At 1 July 2015	523,080
Additions	169,865
Disposals	(20,000)
Revaluations	-
Transfers	-
At 30 June 2016	672,945
Depreciation
At 1 July 2015	198,966
Charge for the year	104,783
On disposals	(20,000)
At 30 June 2016	283,749
Net book values
At 30 June 2016	389,196
At 30 June 2015	324,114

NET BOOK VALUE OF £389196 (2015 £324114) RELATES TO ASSETS HELD ON HIRE PURCHASE,DEPRECIATION OF £104783 (2015 £86523) HAS BEEN CHARGED TO THE PROFIT AND LOSS ACCOUNT

3Creditors

	2016 £	2015 £
Secured Debts	352,718	322,270

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2