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LCB SHARP LTD

Registered Number
14494192
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

LCB SHARP LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

SHARP, Emma Ann
SHARP, Jacob Matthew Robert

Registered Address

117 Clacton Road
St. Osyth
Clacton-On-Sea
CO16 8PP

Registered Number

14494192 (England and Wales)
LCB SHARP LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3605806
605806
Current assets
Debtors30,00030,000
Cash at bank and on hand3,3961,450
33,39631,450
Creditors amounts falling due within one year4(21,532)(24,670)
Net current assets (liabilities)11,8646,780
Total assets less current liabilities12,4697,586
Provisions for liabilities(151)(153)
Net assets12,3187,433
Capital and reserves
Called up share capital300300
Profit and loss account12,0187,133
Shareholders' funds12,3187,433
The financial statements were approved and authorised for issue by the Board of Directors on 30 January 2025, and are signed on its behalf by:
SHARP, Jacob Matthew Robert
Director
Registered Company No. 14494192
LCB SHARP LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 231,075
At 30 November 241,075
Depreciation and impairment
At 01 December 23269
Charge for year201
At 30 November 24470
Net book value
At 30 November 24605
At 30 November 23806
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables16,50319,092
Taxation and social security4,6615,126
Other creditors98105
Accrued liabilities and deferred income270347
Total21,53224,670
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.