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REGISTERED NUMBER: 12097104 (England and Wales)















SHARP EQUINE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






SHARP EQUINE LTD (REGISTERED NUMBER: 12097104)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHARP EQUINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: E E E Antippas
C A Antippas
A C A Antippas





REGISTERED OFFICE: Ashley House Sutton Road
Llandow
Cowbridge
CF71 7PA





REGISTERED NUMBER: 12097104 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

SHARP EQUINE LTD (REGISTERED NUMBER: 12097104)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,479 37,410

CURRENT ASSETS
Debtors 5 8,212 7,195
Cash at bank 50 4,537
8,262 11,732
CREDITORS
Amounts falling due within one year 6 10,408 8,371
NET CURRENT (LIABILITIES)/ASSETS (2,146 ) 3,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,333

40,771

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 42,330 40,768
SHAREHOLDERS' FUNDS 42,333 40,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SHARP EQUINE LTD (REGISTERED NUMBER: 12097104)

BALANCE SHEET - continued
31ST JULY 2023


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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd February 2024 and were signed on its behalf by:





C A Antippas - Director


SHARP EQUINE LTD (REGISTERED NUMBER: 12097104)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Sharp Equine Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SHARP EQUINE LTD (REGISTERED NUMBER: 12097104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1st August 2022 25,886 24,010 49,896
Additions - 9,950 9,950
At 31st July 2023 25,886 33,960 59,846
DEPRECIATION
At 1st August 2022 - 12,486 12,486
Charge for year - 2,881 2,881
At 31st July 2023 - 15,367 15,367
NET BOOK VALUE
At 31st July 2023 25,886 18,593 44,479
At 31st July 2022 25,886 11,524 37,410

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,212 7,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 401 -
Corporation Tax 2,865 4,439
Social security and other taxes 1,114 -
Directors' loan accounts 254 859
Accruals and deferred income 5,774 3,073
10,408 8,371

SHARP EQUINE LTD (REGISTERED NUMBER: 12097104)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 3
1 Ordinary B £1 1 -
1 Ordinary C £1 1 -
3 3

8. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:

E E E Antippas was owed £92 (2022 - £359)
C A Antippas was owed £126 (2022 - £220)
A C A Antippas was owed £35 (2022 - £280)