IRIS Accounts Production v24.1.0.578 03741717 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037417172023-03-31037417172024-03-31037417172023-04-012024-03-31037417172022-03-31037417172022-04-012023-03-31037417172023-03-3103741717ns15:EnglandWales2023-04-012024-03-3103741717ns14:PoundSterling2023-04-012024-03-3103741717ns10:Director12023-04-012024-03-3103741717ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103741717ns10:SmallEntities2023-04-012024-03-3103741717ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3103741717ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103741717ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103741717ns10:FullAccounts2023-04-012024-03-3103741717ns10:OrdinaryShareClass12023-04-012024-03-3103741717ns10:OrdinaryShareClass22023-04-012024-03-3103741717ns10:OrdinaryShareClass32023-04-012024-03-3103741717ns10:OrdinaryShareClass42023-04-012024-03-3103741717ns10:Director22023-04-012024-03-3103741717ns10:Director32023-04-012024-03-3103741717ns10:Director42023-04-012024-03-3103741717ns10:Director52023-04-012024-03-3103741717ns10:CompanySecretary12023-04-012024-03-3103741717ns10:RegisteredOffice2023-04-012024-03-3103741717ns5:CurrentFinancialInstruments2024-03-3103741717ns5:CurrentFinancialInstruments2023-03-3103741717ns5:ShareCapital2024-03-3103741717ns5:ShareCapital2023-03-3103741717ns5:SharePremium2024-03-3103741717ns5:SharePremium2023-03-3103741717ns5:RetainedEarningsAccumulatedLosses2024-03-3103741717ns5:RetainedEarningsAccumulatedLosses2023-03-3103741717ns5:LeaseholdImprovements2023-04-012024-03-3103741717ns5:PlantMachinery2023-04-012024-03-3103741717ns5:FurnitureFittings2023-04-012024-03-3103741717ns5:ComputerEquipment2023-04-012024-03-3103741717ns5:LeaseholdImprovements2023-03-3103741717ns5:PlantMachinery2023-03-3103741717ns5:FurnitureFittings2023-03-3103741717ns5:ComputerEquipment2023-03-3103741717ns5:LeaseholdImprovements2024-03-3103741717ns5:PlantMachinery2024-03-3103741717ns5:FurnitureFittings2024-03-3103741717ns5:ComputerEquipment2024-03-3103741717ns5:LeaseholdImprovements2023-03-3103741717ns5:PlantMachinery2023-03-3103741717ns5:FurnitureFittings2023-03-3103741717ns5:ComputerEquipment2023-03-3103741717ns5:CostValuation2023-03-3103741717ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103741717ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103741717ns10:OrdinaryShareClass12024-03-3103741717ns10:OrdinaryShareClass22024-03-3103741717ns10:OrdinaryShareClass32024-03-3103741717ns10:OrdinaryShareClass42024-03-31
REGISTERED NUMBER: 03741717 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Sharp Consultancy Limited

Sharp Consultancy Limited (Registered number: 03741717)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Sharp Consultancy Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: M W Wilson
M L Sweeney
J Caulfield
A Pepperday
A Walker





SECRETARY: M W Wilson





REGISTERED OFFICE: Riverside Court
202 Meadowhall Road
Sheffield
S9 1BN





REGISTERED NUMBER: 03741717 (England and Wales)





ACCOUNTANTS: Hewson & Howson
8 Shepcote Office Village
Shepcote Lane
Sheffield
South Yorkshire
S9 1TG

Sharp Consultancy Limited (Registered number: 03741717)

Statement of Financial Position
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,809 21,833
Investments 5 80 80
16,889 21,913

CURRENT ASSETS
Debtors 6 345,074 398,328
Cash at bank 1,358,067 1,508,092
1,703,141 1,906,420
CREDITORS
Amounts falling due within one year 7 674,527 1,074,634
NET CURRENT ASSETS 1,028,614 831,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,045,503

853,699

CAPITAL AND RESERVES
Called up share capital 8 1,011 1,011
Share premium 2,933 2,933
Retained earnings 1,041,559 849,755
SHAREHOLDERS' FUNDS 1,045,503 853,699

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Sharp Consultancy Limited (Registered number: 03741717)

Statement of Financial Position - continued
31st March 2024


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 29th April 2024 and were signed on its behalf by:





M W Wilson - Director


Sharp Consultancy Limited (Registered number: 03741717)

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

1. STATUTORY INFORMATION

Sharp Consultancy 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 Sharp Consultancy 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.


Sharp Consultancy Limited (Registered number: 03741717)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company makes contributions to the personal pension plans of certain employees. Contributions payable for the year are charged in the profit and loss account.


Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.
Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Government grants
Grants received from Government are recorded in the accounting period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 54 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 30,018 10,825 54,645 2,645 98,133
DEPRECIATION
At 1st April 2023 27,824 10,350 35,906 2,220 76,300
Charge for year 329 71 4,199 425 5,024
At 31st March 2024 28,153 10,421 40,105 2,645 81,324
NET BOOK VALUE
At 31st March 2024 1,865 404 14,540 - 16,809
At 31st March 2023 2,194 475 18,739 425 21,833

Sharp Consultancy Limited (Registered number: 03741717)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 80
NET BOOK VALUE
At 31st March 2024 80
At 31st March 2023 80

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 276,009 285,250
Other debtors 69,065 113,078
345,074 398,328

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 41,930 32,451
Taxation and social security 451,001 478,232
Other creditors 181,596 563,951
674,527 1,074,634

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
890 A Ordinary £1 890 890
51 B Ordinary £1 51 51
20 C Ordinary £1 20 20
50 D Ordinary £1 50 50
1,011 1,011







Sharp Consultancy Limited

Report of the Accountants to the Directors of
Sharp Consultancy Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Hewson & Howson
8 Shepcote Office Village
Shepcote Lane
Sheffield
South Yorkshire
S9 1TG


29th April 2024