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REGISTERED NUMBER: 07075320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHARPLES & WHITE LIMITED

SHARPLES & WHITE LIMITED (REGISTERED NUMBER: 07075320)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHARPLES & WHITE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: A Sharples
Mrs V Sharples





REGISTERED OFFICE: 11 Whitebeam Grove
Hindley
Wigan
WN2 3SQ





REGISTERED NUMBER: 07075320 (England and Wales)





ACCOUNTANTS: Hayes & Co
Chartered Accountants
Suite 2 Beswick House
Greenfold Way
Leigh
Lancashire
WN7 3XJ

SHARPLES & WHITE LIMITED (REGISTERED NUMBER: 07075320)

ABRIDGED BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,934 10,730
23,934 10,730

CURRENT ASSETS
Stocks 2,400 2,400
Debtors 28,253 57,622
Cash at bank 129,552 96,011
160,205 156,033
CREDITORS
Amounts falling due within one year 26,349 25,335
NET CURRENT ASSETS 133,856 130,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,790

141,428

PROVISIONS FOR LIABILITIES 5,335 2,683
NET ASSETS 152,455 138,745

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 152,445 138,735
SHAREHOLDERS' FUNDS 152,455 138,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SHARPLES & WHITE LIMITED (REGISTERED NUMBER: 07075320)

ABRIDGED BALANCE SHEET - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:




A Sharples - Director



Mrs V Sharples - Director


SHARPLES & WHITE LIMITED (REGISTERED NUMBER: 07075320)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Sharples & White Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

SHARPLES & WHITE LIMITED (REGISTERED NUMBER: 07075320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 30,350
Additions 20,990
Disposals (15,768 )
At 31 December 2024 35,572
DEPRECIATION
At 1 January 2024 19,620
Charge for year 4,060
Eliminated on disposal (12,042 )
At 31 December 2024 11,638
NET BOOK VALUE
At 31 December 2024 23,934
At 31 December 2023 10,730

SHARPLES & WHITE LIMITED (REGISTERED NUMBER: 07075320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
A Sharples
Balance outstanding at start of year 6,156 6,468
Amounts advanced 4,090 -
Amounts repaid - (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,246 6,156

Mrs V Sharples
Balance outstanding at start of year 6,155 6,468
Amounts advanced 4,090 -
Amounts repaid - (313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,245 6,155