Company Registration No. 05172500 (England and Wales)
SHARPE ENGINEERING SOLUTIONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 7 JULY 2024
PAGES FOR FILING WITH REGISTRAR
SHARPE ENGINEERING SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SHARPE ENGINEERING SOLUTIONS LTD
BALANCE SHEET
AS AT
7 JULY 2024
07 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
5,219
397
Cash at bank and in hand
30,209
46,079
35,428
46,476
Creditors: amounts falling due within one year
5
(7,400)
(9,121)
Net current assets
28,028
37,355
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
28,027
37,354
Total equity
28,028
37,355

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 7 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 11 October 2024
Ms M Sharpe
Director
Company registration number 05172500 (England and Wales)
SHARPE ENGINEERING SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 7 JULY 2024
- 2 -
1
Accounting policies
Company information

Sharpe Engineering Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 30 Paddock Road, Lewes, E Sussex, BN7 1UU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
5,219
397
SHARPE ENGINEERING SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 7 JULY 2024
- 3 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
-
0
3,076
Other taxation and social security
-
0
3,097
Other creditors
7,400
2,948
7,400
9,121
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