STERLING FINANCIAL SERVICES LIMITED Accounts filed on 31-03-2014

STERLING FINANCIAL SERVICES LIMITED Accounts filed on 31-03-2014

STERLING FINANCIAL SERVICES LIMITED - Company Information

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STERLING FINANCIAL SERVICES LIMITED




Company Registration Number:
04047196 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2013

End date: 31st March 2014

SUBMITTED

STERLING FINANCIAL SERVICES LIMITED

Company Information
for the Period Ended 31st March 2014




Director: Ged Burrows
Ian MacArthur
Company secretary: Ged Burrows
Registered office: 9 Clarendon Street
Nottingham
Nottinghamshire
NG1 5HR
Company Registration Number: 04047196 (England and Wales)

STERLING FINANCIAL SERVICES LIMITED

Abbreviated Balance sheet
As at 31st March 2014

Notes 2014
£		 2013
£
Fixed assets
Intangible assets: 2 0 29,976
Tangible assets: 3 364,525 366,735
Total fixed assets: 364,525 396,711
Current assets
Debtors: 4 50,693 64,417
Cash at bank and in hand: 49,879 4,925
Total current assets: 100,572 69,342
Creditors
Creditors: amounts falling due within one year 5 116,488 86,740
Net current assets (liabilities): ( 15,916 ) ( 17,398 )
Total assets less current liabilities: 348,609 379,313
Creditors: amounts falling due after more than one year: 6 275,180 295,176
Total net assets (liabilities): 73,429 84,137

The notes form part of these financial statements

STERLING FINANCIAL SERVICES LIMITED

Abbreviated Balance sheet
As at 31st March 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 7 120 120
Revaluation reserve: 0 20,080
Profit and Loss account: 73,309 63,937
Total shareholders funds: 73,429 84,137

For the year ending 31 March 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 04 November 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Ged Burrows
Status: Director

The notes form part of these financial statements

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 1. Accounting 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.

    Turnover policy

    Turnover represents the amounts derived from the provision of services during the year which fall within the company’s ordinary activities.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets in use by the company at rates calculated to write off the cost, less the estimated residual value, of each asset over its expected useful life.

    Intangible fixed assets amortisation policy

    Goodwill represents the difference between the cost of acquisition and the fair value of the net assets acquired. Intangible assets are amortised over there expected useful life.

    Valuation information and policy

    Provision is made for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the directors, there is reasonable probability that the liability will not arise in the future.

    Other accounting policies

    The company operates a defined contribution pension scheme. Contributions payable during the year are charged to the profit and loss account.

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 2. Intangible assets

    Total
    Cost £
    At 01st April 2013: 99,920
    Transfers: ( 99,920 )
    0
    Amortisation £
    At 01st April 2013: 69,944
    Provided during the period: 9,896
    Other Adjustments: ( 79,840 )
    At 31st March 2014: 0
    Net book value £
    At 31st March 2014: 0
    At 31st March 2013: 29,976

    The net book value of Goodwill has been written-off against the Capital Redemption Reserve at the year-end.

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 3. Tangible assets

    Total
    Cost £
    At 01st April 2013: 389,820
    Additions: 250
    At 31st March 2014: 390,070
    Depreciation
    At 01st April 2013: 23,085
    Charge for year: 2,460
    At 31st March 2014: 25,545
    Net book value
    At 31st March 2014: 364,525
    At 31st March 2013: 366,735

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 4. Debtors

    2014
    £     		2013
    £
    Trade debtors: 30,640 54,928
    Other debtors: 4,000 0
    Prepayments and accrued income: 16,053 9,489
    Total: 50,693 64,417

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 5. Creditors: amounts falling due within one year

    2014
    £     		2013
    £
    Bank loans and overdrafts: 8,757 7,636
    Trade creditors: 60,047 36,428
    Taxation and social security: 47,684 42,659
    Other creditors: - 17
    Total: 116,488 86,740

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 6. Creditors: amounts falling due after more than one year

    2014
    £     		2013
    £
    Bank loans and overdrafts: 275,180 295,176
    Total: 275,180 295,176

STERLING FINANCIAL SERVICES LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2014

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 120 1.00
    1.00
    		120
    Total share capital: 120
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 120 1.00
    1.00
    		120
    Total share capital: 120