Company registration number 03479030 (England and Wales)
SHARP TRANSPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SHARP TRANSPORT LIMITED
COMPANY INFORMATION
Directors
Mr T E Sharp
Ms C Sharp
Mr G T Sharp
Secretary
Mrs N Sharp
Company number
03479030
Registered office
35 Nelmes Way
Hornchurch
Essex
RM11 2QY
Accountants
Koshal Associates
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
SHARP TRANSPORT LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
SHARP TRANSPORT LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHARP TRANSPORT LIMITED FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sharp Transport Limited for the year ended 31 December 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

It is your duty to ensure that Sharp Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sharp Transport Limited. You consider that Sharp Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sharp Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Koshal Associates
5 April 2024
Chartered Accountants
Gautam House
1 - 3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
SHARP TRANSPORT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
553,179
208,802
Cash at bank and in hand
205,169
212,944
758,348
421,746
Creditors: amounts falling due within one year
4
(606,803)
(326,744)
Net current assets
151,545
95,002
Capital and reserves
Called up share capital
50
50
Profit and loss reserves
151,495
94,952
Total equity
151,545
95,002

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 5 April 2024 and are signed on its behalf by:
Mr T E Sharp
Director
SHARP TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Sharp Transport Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35 Nelmes Way, Hornchurch, Essex, RM11 2QY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
52
49
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
553,179
208,802
SHARP TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
93,924
42,695
Corporation tax
10,670
6,997
Other taxation and social security
406,552
184,092
Other creditors
95,657
92,960
606,803
326,744
2023-12-312023-01-01false05 April 2024CCH SoftwareCCH Accounts Production 2023.200No description of principal activityMr T E SharpMs C SharpMr G T SharpMrs N Sharp034790302023-01-012023-12-3103479030bus:Director12023-01-012023-12-3103479030bus:Director22023-01-012023-12-3103479030bus:Director32023-01-012023-12-3103479030bus:CompanySecretary12023-01-012023-12-3103479030bus:RegisteredOffice2023-01-012023-12-31034790302023-12-31034790302022-12-3103479030core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3103479030core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3103479030core:CurrentFinancialInstruments2023-12-3103479030core:CurrentFinancialInstruments2022-12-3103479030core:ShareCapital2023-12-3103479030core:ShareCapital2022-12-3103479030core:RetainedEarningsAccumulatedLosses2023-12-3103479030core:RetainedEarningsAccumulatedLosses2022-12-31034790302022-01-012022-12-3103479030bus:PrivateLimitedCompanyLtd2023-01-012023-12-3103479030bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103479030bus:FRS1022023-01-012023-12-3103479030bus:AuditExemptWithAccountantsReport2023-01-012023-12-3103479030bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP