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Registered Number: 08903186
England and Wales

 

 

 


Filleted Accounts

for the year ended 31 January 2024

for

SHARP ENGINEERING (NORTH WEST) LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 139,630    106,558 
139,630    106,558 
Current assets      
Stocks 4 15,265    7,765 
Debtors 5 157,265    178,113 
Cash at bank and in hand 10,245    23,336 
182,775    209,214 
Creditors: amount falling due within one year 6 (143,340)   (173,708)
Net current assets 39,435    35,506 
 
Total assets less current liabilities 179,065    142,064 
Creditors: amount falling due after more than one year 7 (30,967)   (54,985)
Net assets 148,098    87,079 
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account 148,096    87,077 
Shareholders' funds 148,098    87,079 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 24 January 2025 and were signed by:


-------------------------------
Darren Bryan
Director
1
General Information
Sharp Engineering (North West) Limited is a private company, limited by shares, registered in England and Wales, registration number 08903186, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 4 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 February 2023 254,912    36,272    10,505    301,689 
Additions 11,849    60,312      72,161 
Disposals      
At 31 January 2024 266,761    96,584    10,505    373,850 
Depreciation
At 01 February 2023 163,293    25,408    6,430    195,131 
Charge for year 25,867    12,203    1,019    39,089 
On disposals      
At 31 January 2024 189,160    37,611    7,449    234,220 
Net book values
Closing balance as at 31 January 2024 77,601    58,973    3,056    139,630 
Opening balance as at 01 February 2023 91,619    10,864    4,075    106,558 


4.

Stocks

2024
£
  2023
£
Stocks 15,265    7,765 
15,265    7,765 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 157,265    178,113 
157,265    178,113 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 47,966    85,208 
Corporation Tax 6,890   
PAYE & Social Security 452    8,063 
Obligations under HP/Financial Leases 3,511    17,542 
Directors' Current Accounts 73,441    43,509 
VAT 11,080    19,386 
143,340    173,708 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 30,967    54,985 
30,967    54,985 

8.

Share Capital

Authorised
1 Ordinary share of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

2