REGISTERED NUMBER: 06684840 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Sharp Agency Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Sharp

Mrs D J Sharp

Ms A H Taylor

SECRETARY:

Mrs D J Sharp

REGISTERED OFFICE:

Bates Mill

Colne Road

Huddersfield

West Yorkshire

HD1 3AG

REGISTERED NUMBER:

06684840 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

4

24,126

33,756

CURRENT ASSETS

Debtors

5

206,752

174,957

Cash at bank and in hand

150,991

110,153

357,743

285,110

CREDITORS

Amounts falling due within one year

6

218,430

170,461

NET CURRENT ASSETS

139,313

114,649

TOTAL ASSETS LESS CURRENT LIABILITIES

163,439

148,405

PROVISIONS FOR LIABILITIES

6,032

8,200

NET ASSETS

157,407

140,205

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Capital redemption reserve

500

500

Retained earnings

155,407

138,205

157,407

140,205

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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:

Mr R L Sharp - Director

1.	STATUTORY INFORMATION

The Sharp Agency Ltd 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

25,818

95,424

121,242

Additions

125

8,813

8,938

Disposals

-

(1,330

)

(1,330

)

At 31 December 2024

25,943

102,907

128,850

DEPRECIATION

At 1 January 2024

17,816

69,670

87,486

Charge for year

1,216

17,352

18,568

Eliminated on disposal

-

(1,330

)

(1,330

)

At 31 December 2024

19,032

85,692

104,724

NET BOOK VALUE

At 31 December 2024

6,911

17,215

24,126

At 31 December 2023

8,002

25,754

33,756

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

141,822

102,981

Other debtors

64,930

71,976

206,752

174,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

17,891

18,108

Taxation and social security

39,714

67,411

Other creditors

160,825

84,942

218,430

170,461

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

Director 1

Balance outstanding at start of year

(81

)

-

Amounts advanced

606

-

Amounts repaid

-

-

Balance outstanding at end of year

525

-

31.12.24

31.12.23

£

Director 2

Balance outstanding at start of year

-

-

Amounts advanced

956

-

Amounts repaid

-

-

Balance outstanding at end of year

956

-

31.12.24

31.12.23

£

£

Director 3

Balance outstanding at start of year

-

-

Amounts advanced

534

-

Amounts repaid

-

-

Balance outstanding at end of year

534

-

Included within creditors, due within one year, is a loan from the director 1 of £nil (2023: £81). The loan is interest free and is repayable on demand.