Stera International Limited Small abridged accounts

STERA INTERNATIONAL LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Stera International Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 03593631

Stera International Limited

Filleted Unaudited Abridged Financial Statements

31 July 2017

Stera International Limited

Abridged Financial Statements

Year ended 31 July 2017

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	2

Stera International Limited

Abridged Statement of Financial Position

31 July 2017

	2017		2016
Note	£	£	£

Current assets

Stocks	334,974	332,437
Debtors	796	–
Cash at bank and in hand	2,000	–
	---------	---------
	337,770	332,437

Creditors: amounts falling due within one year	340,245		332,590
	---------		---------
Net current liabilities		2,475	153
		-------	----
Total assets less current liabilities		( 2,475)	( 153)
		-------	----
Net liabilities		( 2,475)	( 153)
		-------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 2,575)	( 253)
	-------	----
Members deficit	( 2,475)	( 153)
	-------	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 27 April 2018 , and are signed on behalf of the board by:

Mr J Stera

Director

Company registration number: 03593631

Stera International Limited

Notes to the Abridged Financial Statements

Year ended 31 July 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 97 Swakeleys Drive, Uxbridge, Middlesex, UB10 8QG.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 5.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Related party transactions

The company was under the control of Mr Stera throughout the current and previous year. Mr Stera is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.

5. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 August 2015.

No transitional adjustments were required in equity or profit or loss for the year.