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REGISTERED NUMBER: 05505590 (England and Wales)















Shareteq Limited

Unaudited Financial Statements for the Year Ended 31 July 2023






Shareteq Limited (Registered number: 05505590)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Shareteq Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: S Hare
Mrs C Hare





REGISTERED OFFICE: 32 The Crescent
Spalding
Lincolnshire
PE11 1AF





REGISTERED NUMBER: 05505590 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

Shareteq Limited (Registered number: 05505590)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,527 15,333

CURRENT ASSETS
Stocks 28,547 36,453
Debtors 5 24,744 51,311
Cash at bank 32,144 37,047
85,435 124,811
CREDITORS
Amounts falling due within one year 6 62,213 42,535
NET CURRENT ASSETS 23,222 82,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,749

97,609

CREDITORS
Amounts falling due after more than one
year

7

(26,671

)

33,333
NET ASSETS 62,420 64,276

CAPITAL AND RESERVES
Called up share capital 5,050 5,050
Retained earnings 57,370 59,226
SHAREHOLDERS' FUNDS 62,420 64,276

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Shareteq Limited (Registered number: 05505590)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





S Hare - Director


Shareteq Limited (Registered number: 05505590)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Shareteq 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 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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

Shareteq Limited (Registered number: 05505590)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022
and 31 July 2023 11,430 9,428 30,545 10,023 61,426
DEPRECIATION
At 1 August 2022 3,781 9,428 23,595 9,289 46,093
Charge for year - - 2,454 352 2,806
At 31 July 2023 3,781 9,428 26,049 9,641 48,899
NET BOOK VALUE
At 31 July 2023 7,649 - 4,496 382 12,527
At 31 July 2022 7,649 - 6,950 734 15,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 24,744 24,887
Other debtors - 26,424
24,744 51,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts (6,667 ) 6,667
Trade creditors (17,544 ) 15,454
Taxation and social security 567 11,191
Other creditors 85,857 9,223
62,213 42,535

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans (26,671 ) 33,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,666