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Registered number: 11663964
Sharon-Rose Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11663964
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,024 4,829
Tangible Assets 5 - 250
4,024 5,079
CURRENT ASSETS
Cash at bank and in hand 62 58
62 58
Creditors: Amounts Falling Due Within One Year 6 (315 ) (314 )
NET CURRENT ASSETS (LIABILITIES) (253 ) (256 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,771 4,823
Creditors: Amounts Falling Due After More Than One Year 7 (30,000 ) (30,000 )
NET LIABILITIES (26,229 ) (25,177 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (26,329 ) (25,277 )
SHAREHOLDERS' FUNDS (26,229) (25,177)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Sharon-Rose Mensah
Director
22 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sharon-Rose Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11663964 . The registered office is 374 Ley Street, Ilford, Essex, IG1 4AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property asset is trade marks. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 December 2022 8,049
As at 30 November 2023 8,049
Amortisation
As at 1 December 2022 3,220
Impairment losses 805
As at 30 November 2023 4,025
Net Book Value
As at 30 November 2023 4,024
As at 1 December 2022 4,829
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Page 4
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 1,249
As at 30 November 2023 1,249
Depreciation
As at 1 December 2022 999
Provided during the period 250
As at 30 November 2023 1,249
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 250
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 60 60
Director's loan account 255 254
315 314
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 30,000 30,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4