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REGISTERED NUMBER: 04252516 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Brian Sharples & Son Ltd

Brian Sharples & Son Ltd (Registered number: 04252516)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brian Sharples & Son Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs E Sharples





SECRETARY:





REGISTERED OFFICE: 52 Stockport Road
Marple
Stockport
Cheshire
SK6 6AB





REGISTERED NUMBER: 04252516 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Brian Sharples & Son Ltd (Registered number: 04252516)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 242,417 280,464
242,418 280,465

CURRENT ASSETS
Debtors 6 1,066,130 1,108,362
Investments 7 250,000 -
Cash at bank and in hand 1,054,814 1,196,715
2,370,944 2,305,077
CREDITORS
Amounts falling due within one year 8 145,780 64,942
NET CURRENT ASSETS 2,225,164 2,240,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,467,582

2,520,600

CAPITAL AND RESERVES
Called up share capital 9 411 411
Retained earnings 2,467,171 2,520,189
SHAREHOLDERS' FUNDS 2,467,582 2,520,600

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:




Mrs E Sharples - Director


Brian Sharples & Son Ltd (Registered number: 04252516)

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

1. STATUTORY INFORMATION

Brian Sharples & Son 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% on reducing balance

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Brian Sharples & Son Ltd (Registered number: 04252516)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 1,001
AMORTISATION
At 1 August 2022
and 31 July 2023 1,000
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,082,191
Additions 34,198
At 31 July 2023 1,116,389
DEPRECIATION
At 1 August 2022 801,727
Charge for year 72,245
At 31 July 2023 873,972
NET BOOK VALUE
At 31 July 2023 242,417
At 31 July 2022 280,464

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 163,701 206,573
Other debtors 9,446 6,706
173,147 213,279

Brian Sharples & Son Ltd (Registered number: 04252516)

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

6. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Other debtors 892,983 895,083

Aggregate amounts 1,066,130 1,108,362

7. CURRENT ASSET INVESTMENTS
31.7.23 31.7.22
£    £   
Unitised investment 250,000 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 21,000 50,329
Other creditors 124,780 14,613
145,780 64,942

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
301 Ordinary £1 301 301
110 Ordinary A £1 110 110
411 411