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REGISTERED NUMBER: 05675311 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sharp Design Limited

Sharp Design Limited (Registered number: 05675311)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sharp Design Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: L Sharp





SECRETARY: W Sharp





REGISTERED OFFICE: First Floor Office
Westerham Garage
190 London Road
Westerham
Kent
TN16 2DJ





REGISTERED NUMBER: 05675311 (England and Wales)





ACCOUNTANTS: AFS Accountants
1st Floor Office
190 London Road
Westerham
Kent
TN16 2DJ

Sharp Design Limited (Registered number: 05675311)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,032 2,709
2,032 2,709

CURRENT ASSETS
Debtors 2,844 8,960
Cash at bank 3,601 1,659
6,445 10,619
CREDITORS
Amounts falling due within one year 8,450 11,391
NET CURRENT LIABILITIES (2,005 ) (772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27

1,937

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26 1,936
SHAREHOLDERS' FUNDS 27 1,937

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

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

Sharp Design Limited (Registered number: 05675311)

Abridged Balance Sheet - continued
31 January 2024


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 January 2024 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.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





L Sharp - Director


Sharp Design Limited (Registered number: 05675311)

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

1. STATUTORY INFORMATION

Sharp Design 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 30,000
AMORTISATION
At 1 February 2023
and 31 January 2024 30,000
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

Sharp Design Limited (Registered number: 05675311)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 28,322
DEPRECIATION
At 1 February 2023 25,613
Charge for year 677
At 31 January 2024 26,290
NET BOOK VALUE
At 31 January 2024 2,032
At 31 January 2023 2,709