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Company Registration No. 05216266 (England and Wales)
Sharon Long Limited Filleted Accounts for the year ended 31 August 2024
Sharon Long Limited Filleted Accounts Contents
Page
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Sharon Long Limited Company Information for the year ended 31 August 2024
Director
Miss S Long
Company Number
05216266 (England and Wales)
Registered Office
116 Totteridge Lane Totteridge London N20 8JH
Accountants
Lacome & Co Chartered Accountants Sapphire House 73 St.Margarets Avenue London N20 9LD
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Sharon Long Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
936 
1,248 
Investments
5,000 
5,000 
5,936 
6,248 
Current assets
Debtors
3,349 
2,867 
Cash at bank and in hand
149,474 
89,066 
152,823 
91,933 
Creditors: amounts falling due within one year
(38,309)
(15,262)
Net current assets
114,514 
76,671 
Net assets
120,450 
82,919 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
120,350 
82,819 
Shareholders' funds
120,450 
82,919 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2024 and were signed on its behalf by
Miss S Long Director Company Registration No. 05216266
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Sharon Long Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Sharon Long Limited is a private company, limited by shares, registered in England and Wales, registration number 05216266. The registered office is 116 Totteridge Lane, Totteridge, London, N20 8JH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents net invoiced fees receivable, excluding Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing balance method at 25% per annum.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
6,503 
At 31 August 2024
6,503 
Depreciation
At 1 September 2023
5,255 
Charge for the year
312 
At 31 August 2024
5,567 
Net book value
At 31 August 2024
936 
At 31 August 2023
1,248 
5
Investments
Other investments 
£ 
Valuation at 1 September 2023
5,000 
Valuation at 31 August 2024
5,000 
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Sharon Long Limited Notes to the Accounts for the year ended 31 August 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
54 
54 
Accrued income and prepayments
631 
149 
Other debtors
2,664 
2,664 
3,349 
2,867 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,946 
2,211 
Taxes and social security
23,013 
9,186 
Other creditors
326 
326 
Loans from directors
1,524 
39 
Accruals
3,500 
3,500 
38,309 
15,262 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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