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REGISTERED NUMBER: 11494124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Sharps Windows & Doors Ltd

Sharps Windows & Doors Ltd (Registered number: 11494124)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sharps Windows & Doors Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: A Pearce





REGISTERED OFFICE: Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 11494124 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Sharps Windows & Doors Ltd (Registered number: 11494124)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,686 18,248

CURRENT ASSETS
Stocks 3,000 5,000
Debtors 941 3,821
Cash at bank 21,817 7,256
25,758 16,077
CREDITORS
Amounts falling due within one year 23,999 12,265
NET CURRENT ASSETS 1,759 3,812
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,445

22,060

CREDITORS
Amounts falling due after more than one year (10,002 ) (14,461 )

PROVISIONS FOR LIABILITIES 5 (2,819 ) (3,467 )
NET ASSETS 3,624 4,132

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 3,424 3,932
SHAREHOLDERS' FUNDS 3,624 4,132

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

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

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Sharps Windows & Doors Ltd (Registered number: 11494124)

Abridged Balance Sheet - continued
31 August 2023



The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:





A Pearce - Director


Sharps Windows & Doors Ltd (Registered number: 11494124)

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

1. STATUTORY INFORMATION

Sharps Windows & Doors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Sharps Windows & Doors Ltd (Registered number: 11494124)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 26,180
Additions 1,139
At 31 August 2023 27,319
DEPRECIATION
At 1 September 2022 7,932
Charge for year 4,701
At 31 August 2023 12,633
NET BOOK VALUE
At 31 August 2023 14,686
At 31 August 2022 18,248

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022
and 31 August 2023 22,417
DEPRECIATION
At 1 September 2022 5,952
Charge for year 4,116
At 31 August 2023 10,068
NET BOOK VALUE
At 31 August 2023 12,349
At 31 August 2022 16,465

5. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 2,819 3,467

Sharps Windows & Doors Ltd (Registered number: 11494124)

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

5. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 3,467
Provided during year (648 )
Balance at 31 August 2023 2,819

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100
100 A £1 100 100
200 200