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REGISTERED NUMBER: 04230519 (England and Wales)



















Financial Statements

for the Year Ended 30 June 2023

for

Phil Sharpe Limited

Phil Sharpe Limited (Registered number: 04230519)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Phil Sharpe Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P Sharpe



SECRETARY: Mrs S J Sharpe



REGISTERED OFFICE: 17 Moor End
Spondon
Derby
DE21 7ED



REGISTERED NUMBER: 04230519 (England and Wales)



ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ



BANKERS: Barclays Bank PLC
Sir Frank Whittle Road
Derby
DE1 9NT

Phil Sharpe Limited (Registered number: 04230519)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,326 1,560

CURRENT ASSETS
Debtors 5 697 3,000
Cash at bank 21,995 23,593
22,692 26,593
CREDITORS
Amounts falling due within one year 6 24,004 25,223
NET CURRENT (LIABILITIES)/ASSETS (1,312 ) 1,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

14

2,930

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 1 2,917
SHAREHOLDERS' FUNDS 14 2,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





P Sharpe - Director


Phil Sharpe Limited (Registered number: 04230519)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Phil Sharpe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents invoiced sales of services. Turnover is recognised in the year in which services are provided.

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 reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 18,210 6,770 24,980
DEPRECIATION
At 1 July 2022 16,650 6,770 23,420
Charge for year 234 - 234
At 30 June 2023 16,884 6,770 23,654
NET BOOK VALUE
At 30 June 2023 1,326 - 1,326
At 30 June 2022 1,560 - 1,560

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 600 3,000
Other debtors 97 -
697 3,000

Phil Sharpe Limited (Registered number: 04230519)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 297 158
Social security and other taxes - 4
Director's current account 22,543 23,951
Accrued expenses 1,164 1,110
24,004 25,223