IRIS Accounts Production v23.4.0.336 10774232 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107742322022-07-31107742322023-07-31107742322022-08-012023-07-31107742322021-07-31107742322021-08-012022-07-31107742322022-07-3110774232ns15:EnglandWales2022-08-012023-07-3110774232ns14:PoundSterling2022-08-012023-07-3110774232ns10:Director12022-08-012023-07-3110774232ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3110774232ns10:SmallEntities2022-08-012023-07-3110774232ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3110774232ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3110774232ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3110774232ns10:FullAccounts2022-08-012023-07-3110774232ns10:OrdinaryShareClass12022-08-012023-07-3110774232ns10:OrdinaryShareClass22022-08-012023-07-3110774232ns10:OrdinaryShareClass32022-08-012023-07-3110774232ns10:OrdinaryShareClass42022-08-012023-07-3110774232ns10:Director22022-08-012023-07-3110774232ns10:RegisteredOffice2022-08-012023-07-3110774232ns5:CurrentFinancialInstruments2023-07-3110774232ns5:CurrentFinancialInstruments2022-07-3110774232ns5:Non-currentFinancialInstruments2023-07-3110774232ns5:Non-currentFinancialInstruments2022-07-3110774232ns5:ShareCapital2023-07-3110774232ns5:ShareCapital2022-07-3110774232ns5:CapitalRedemptionReserve2023-07-3110774232ns5:CapitalRedemptionReserve2022-07-3110774232ns5:RetainedEarningsAccumulatedLosses2023-07-3110774232ns5:RetainedEarningsAccumulatedLosses2022-07-3110774232ns5:FurnitureFittings2022-08-012023-07-3110774232ns5:MotorVehicles2022-08-012023-07-3110774232ns5:FurnitureFittings2022-07-3110774232ns5:MotorVehicles2022-07-3110774232ns5:FurnitureFittings2023-07-3110774232ns5:MotorVehicles2023-07-3110774232ns5:FurnitureFittings2022-07-3110774232ns5:MotorVehicles2022-07-3110774232ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3110774232ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3110774232ns5:CostValuation2022-07-3110774232ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3110774232ns5:CostValuation2023-07-3110774232ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3110774232ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3110774232ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3110774232ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3110774232ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3110774232ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3110774232ns5:AcceleratedTaxDepreciationDeferredTax2023-07-3110774232ns5:AcceleratedTaxDepreciationDeferredTax2022-07-3110774232ns5:DeferredTaxation2022-08-012023-07-3110774232ns5:DeferredTaxation2023-07-3110774232ns10:OrdinaryShareClass22023-07-3110774232ns10:OrdinaryShareClass32023-07-3110774232ns10:OrdinaryShareClass42023-07-31
REGISTERED NUMBER: 10774232 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

SHARPLINE SOLUTIONS LIMITED

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHARPLINE SOLUTIONS LIMITED

Company Information
for the Year Ended 31 JULY 2023







DIRECTORS: M Lennox
L Ollivant





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters bar
Hertfordshire
EN6 1BW





REGISTERED NUMBER: 10774232 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Chartered Accountants
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

Balance Sheet
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,398 4,376
Investments 5 - 49
26,398 4,425

CURRENT ASSETS
Debtors 6 174,779 103,508
Cash at bank 793,548 139,309
968,327 242,817
CREDITORS
Amounts falling due within one year 7 399,214 124,583
NET CURRENT ASSETS 569,113 118,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

595,511

122,659

CREDITORS
Amounts falling due after more than one year 8 (38,317 ) (29,167 )

PROVISIONS FOR LIABILITIES 10 (6,600 ) -
NET ASSETS 550,594 93,492

CAPITAL AND RESERVES
Called up share capital 11 100 100
Capital redemption reserve 100 100
Retained earnings 550,394 93,292
SHAREHOLDERS' FUNDS 550,594 93,492

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.

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

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 27 March 2024 and were signed on its behalf by:





M Lennox - Director


SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

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

1. STATUTORY INFORMATION

SHARPLINE SOLUTIONS 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.

Preparation of consolidated financial statements
The financial statements contain information about SHARPLINE SOLUTIONS LIMITED as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures, fittings & equipment - 25% on reducing balance
Motor vehicles - 25% 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.

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 August 2022 6,201 - 6,201
Additions 4,485 40,351 44,836
Disposals - (14,015 ) (14,015 )
At 31 July 2023 10,686 26,336 37,022
DEPRECIATION
At 1 August 2022 1,825 - 1,825
Charge for year 2,215 6,584 8,799
At 31 July 2023 4,040 6,584 10,624
NET BOOK VALUE
At 31 July 2023 6,646 19,752 26,398
At 31 July 2022 4,376 - 4,376

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 26,336
At 31 July 2023 26,336
DEPRECIATION
Charge for year 6,584
At 31 July 2023 6,584
NET BOOK VALUE
At 31 July 2023 19,752

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022 49
Impairments (49 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 49

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 162,063 94,715
Other debtors 250 -
Prepayments 12,466 8,793
174,779 103,508

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,615 -
Trade creditors 83,032 34,856
Amounts owed to group undertakings - 19,206
Tax 140,111 8,363
Social security and other taxes 1,711 11,802
VAT 41,613 28,766
Other creditors 21,206 -
Directors' current accounts 40,162 7,330
Accrued expenses 57,764 4,260
399,214 124,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 9,167 19,167
Hire purchase contracts 19,150 -
38,317 29,167

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 22,765 -

The hire purchase contract is secured on the asset concerned.

10. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 6,600 -

Deferred
tax
£   
Provided during year 6,600
Balance at 31 July 2023 6,600

SHARPLINE SOLUTIONS LIMITED (Registered number: 10774232)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
NIL Ordinary £1 - 100
(31.7.22 - 100 )
50 Ordinary A £1 50 -
40 Ordinary B £1 40 -
10 Ordinary C £1 10 -
100 100

On 15 April 2023 the 100 Ordinary shares were designated into 50 A Ordinary shares, 40 B Ordinary shares and 10 C Ordinary shares. There are no changes to voting rights of each shareholding.

12. RELATED PARTY DISCLOSURES

During the year the company was charged an administration charge totalling £10,000 by Sharpline Developments Limited, a company under the control of M Lennox and L Ollivant.

13. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current year and the previous period by M Lennox and L Ollivant by virtue of their controlling shareholdings.