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REGISTERED NUMBER: SC357017 (Scotland)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sharper Imaging Limited

Sharper Imaging Limited (Registered number: SC357017)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Sharper Imaging Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: V Harper





REGISTERED OFFICE: 6 Market Buildings
Stonehaven
Aberdeenshire
AB39 2BY





REGISTERED NUMBER: SC357017 (Scotland)





ACCOUNTANTS: MacDonald Accountancy Services
11 Margaret Street
Stonehaven
Aberdeenshire
AB39 2AY

Sharper Imaging Limited (Registered number: SC357017)

Report of the Director
for the Year Ended 31 March 2024

The director presents her report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
V Harper held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





V Harper - Director


30 September 2024

Sharper Imaging Limited (Registered number: SC357017)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 45,340 44,976

Cost of sales 12,018 12,369
GROSS PROFIT 33,322 32,607

Administrative expenses 33,084 34,287
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 238 (1,680 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

238

(1,680

)

Sharper Imaging Limited (Registered number: SC357017)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,359 3,909

CURRENT ASSETS
Stocks 3,000 3,000
Cash at bank and in hand 4,783 5,317
7,783 8,317
CREDITORS
Amounts falling due within one year 6 5,295 4,617
NET CURRENT ASSETS 2,488 3,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,847

7,609

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,846 7,608
SHAREHOLDERS' FUNDS 6,847 7,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





V Harper - Director


Sharper Imaging Limited (Registered number: SC357017)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sharper Imaging Limited is a private company, limited by shares , registered in Scotland. 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

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sharper Imaging Limited (Registered number: SC357017)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 800 650

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023 2,009 16,815 18,824
Additions - 1,250 1,250
At 31 March 2024 2,009 18,065 20,074
DEPRECIATION
At 1 April 2023 - 14,915 14,915
Charge for year - 800 800
At 31 March 2024 - 15,715 15,715
NET BOOK VALUE
At 31 March 2024 2,009 2,350 4,359
At 31 March 2023 2,009 1,900 3,909

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 5,295 4,617