Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalsefalse2022-11-01No description of principal activity22true 08086534 2022-11-01 2023-10-31 08086534 2021-11-01 2022-10-31 08086534 2023-10-31 08086534 2022-10-31 08086534 c:Director1 2022-11-01 2023-10-31 08086534 c:Director2 2022-11-01 2023-10-31 08086534 d:MotorVehicles 2022-11-01 2023-10-31 08086534 d:MotorVehicles 2023-10-31 08086534 d:MotorVehicles 2022-10-31 08086534 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08086534 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 08086534 d:OfficeEquipment 2022-11-01 2023-10-31 08086534 d:OfficeEquipment 2023-10-31 08086534 d:OfficeEquipment 2022-10-31 08086534 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08086534 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 08086534 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 08086534 d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 08086534 d:PatentsTrademarksLicencesConcessionsSimilar 2022-11-01 2023-10-31 08086534 d:ComputerSoftware 2023-10-31 08086534 d:ComputerSoftware 2022-10-31 08086534 d:CurrentFinancialInstruments 2023-10-31 08086534 d:CurrentFinancialInstruments 2022-10-31 08086534 d:Non-currentFinancialInstruments 2023-10-31 08086534 d:Non-currentFinancialInstruments 2022-10-31 08086534 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08086534 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 08086534 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 08086534 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 08086534 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 08086534 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 08086534 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 08086534 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 08086534 d:ShareCapital 2023-10-31 08086534 d:ShareCapital 2022-10-31 08086534 d:RetainedEarningsAccumulatedLosses 2023-10-31 08086534 d:RetainedEarningsAccumulatedLosses 2022-10-31 08086534 c:OrdinaryShareClass1 2022-11-01 2023-10-31 08086534 c:OrdinaryShareClass1 2023-10-31 08086534 c:OrdinaryShareClass1 2022-10-31 08086534 c:OrdinaryShareClass2 2022-11-01 2023-10-31 08086534 c:OrdinaryShareClass2 2023-10-31 08086534 c:OrdinaryShareClass2 2022-10-31 08086534 c:OrdinaryShareClass3 2022-11-01 2023-10-31 08086534 c:OrdinaryShareClass3 2023-10-31 08086534 c:OrdinaryShareClass3 2022-10-31 08086534 c:OrdinaryShareClass4 2022-11-01 2023-10-31 08086534 c:OrdinaryShareClass4 2023-10-31 08086534 c:OrdinaryShareClass4 2022-10-31 08086534 c:FRS102 2022-11-01 2023-10-31 08086534 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08086534 c:FullAccounts 2022-11-01 2023-10-31 08086534 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08086534 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 08086534 d:HirePurchaseContracts d:WithinOneYear 2022-10-31 08086534 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 08086534 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-10-31 08086534 2 2022-11-01 2023-10-31 08086534 6 2022-11-01 2023-10-31 08086534 d:ComputerSoftware d:OwnedIntangibleAssets 2022-11-01 2023-10-31 08086534 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08086534









SHARPE WEB LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
SHARPE WEB LTD
REGISTERED NUMBER: 08086534

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
830
1,107

Tangible assets
 5 
127
47,047

  
957
48,154

Current assets
  

Debtors: amounts falling due within one year
 6 
393,007
658,286

Cash at bank and in hand
 7 
247,661
487,854

  
640,668
1,146,140

Creditors: amounts falling due within one year
 8 
(12,541)
(56,807)

Net current assets
  
 
 
628,127
 
 
1,089,333

Total assets less current liabilities
  
629,084
1,137,487

Creditors: amounts falling due after more than one year
 9 
(23,203)
(67,296)

  

Net assets
  
605,881
1,070,191


Capital and reserves
  

Called up share capital 
  
444
444

Profit and loss account
  
605,437
1,069,747

  
605,881
1,070,191


Page 1

 
SHARPE WEB LTD
REGISTERED NUMBER: 08086534
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 September 2024.




Mr D Sharpe
Mr R Wass
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SHARPE WEB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Sharpe Web Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Unit 7 Castle Quay Business Park, Castle Quay, Nottingham, England, NG7 1FW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SHARPE WEB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website domains
-
25
% reducing balance

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
SHARPE WEB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Website domains

£



Cost


At 1 November 2022
5,417



At 31 October 2023

5,417



Amortisation


At 1 November 2022
4,310


Charge for the year on owned assets
277



At 31 October 2023

4,587



Net book value



At 31 October 2023
830



At 31 October 2022
1,107



Page 5

 
SHARPE WEB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
98,100
1,893
99,993


Disposals
(98,100)
-
(98,100)



At 31 October 2023

-
1,893
1,893



Depreciation


At 1 November 2022
51,222
1,724
52,946


Charge for the year on owned assets
-
42
42


Charge for the year on financed assets
7,032
-
7,032


Disposals
(58,254)
-
(58,254)



At 31 October 2023

-
1,766
1,766



Net book value



At 31 October 2023
-
127
127



At 31 October 2022
46,878
169
47,047


6.


Debtors

2023
2022
£
£


Other debtors
393,007
658,286



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
247,661
487,854


Page 6

 
SHARPE WEB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Other taxation and social security
-
3,398

Obligations under finance lease and hire purchase contracts
-
13,467

Other creditors
2,541
9,942

Accruals and deferred income
-
20,000

12,541
56,807



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,203
32,890

Net obligations under finance leases and hire purchase contracts
-
34,406

23,203
67,296



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
13,203
22,890


33,203
42,890


Page 7

 
SHARPE WEB LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
-
13,467

Between 1-5 years
-
34,406

-
47,873


12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



182 (2022 - 182) Ordinary A shares of £1.00 each
182
182
182 (2022 - 182) Ordinary B shares of £1.00 each
182
182
40 (2022 - 40) Ordinary C shares of £1.00 each
40
40
40 (2022 - 40) Ordinary D shares of £1.00 each
40
40

444

444



13.


Directors' benefits: advances, credits and guarantees

2023
2022
£
£
Balance brought forward

18,889

80,103
 
Advances

108,557

49,770
 
Repayments

(19,000)

(112,273)
 
Interest

1,870

1,289
 
110,316

18,889
 



14.


Related party transactions

At the year end, amounts due from connected companies, which are connected by virtue of having directors or members in common, amounted to £282,691 (2022 - £639.397).
At the year end, amounts owed to connected companies, which are connected by virtue of having directors or members in common, amounted to £nil 
(2022 - £9,320).

 
Page 8