SHARP SOLUTIONS LIMITED

Company Registration Number:
03104148 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

SHARP SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

SHARP SOLUTIONS LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 326,875 326,875
Total fixed assets: 326,875 326,875
Current assets
Debtors:   852 453
Cash at bank and in hand: 35,472 34,300
Total current assets: 36,324 34,753
Creditors: amounts falling due within one year:   (10,178) (8,290)
Net current assets (liabilities): 26,146 26,463
Total assets less current liabilities: 353,021 353,338
Total net assets (liabilities): 353,021 353,338
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 353,019 353,336
Shareholders funds: 353,021 353,338

The notes form part of these financial statements

SHARP SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 January 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 October 2023
and signed on behalf of the board by:

Name: A R Crook
Status: Director

The notes form part of these financial statements

SHARP SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced services, excluding VAT.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset to its estimated residual value over its estimated useful life: Plant and machinery 20%. Fixtures and fittings 20%. No depreciation is provided on investment properties.

Other accounting policies

Government grantsGovernment grants are credited to profit on an accruals basis, over the same period as the costs to which they relate.Going concernThese financial statements are prepared on the going concern basis. COVID-19 has had an impact on the company's performance. However, the directors continue to monitor the ongoing situation and having considered the potential impact and the actions available to them to mitigate this, are confident that the company has the resources to deal with the changing circumstances for the foreseeable future and for at least 12 months, so the accounts are therefore prepared on a going concern basis.

SHARP SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

Other income includes amounts receivable in respect of the Coronavirus Job Retention Scheme of £nil (2022: £15,113).

SHARP SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 332,890
At 31 January 2023 332,890
Depreciation
At 01 February 2022 6,015
At 31 January 2023 6,015
Net book value
At 31 January 2023 326,875
At 31 January 2022 326,875

Land and buildings were valued during the year ended 31 January 2003 by James and Partners on the basis of open market value.