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REGISTERED NUMBER: 02803434 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

SHARPS GLOBAL TRADING LIMITED

SHARPS GLOBAL TRADING LIMITED (REGISTERED NUMBER: 02803434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHARPS GLOBAL TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: A Patel
Mrs V A Patel



SECRETARY: Mrs V A Patel



REGISTERED OFFICE: 6 Ritherdon Road
London
SW17 8QD



REGISTERED NUMBER: 02803434 (England and Wales)



BANKERS: National Westminster Bank Plc
P O Box 4QQ
19 Shaftesbury Avenue
LONDON
W1A 4QQ

SHARPS GLOBAL TRADING LIMITED (REGISTERED NUMBER: 02803434)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,335 2,458
Tangible assets 5 1,595 2,126
3,930 4,584

CURRENT ASSETS
Stocks 198,320 299,680
Debtors 6 1,068,627 811,862
Cash at bank and in hand 1,851,328 1,641,071
3,118,275 2,752,613
CREDITORS
Amounts falling due within one year 7 (925,660 ) (630,676 )
NET CURRENT ASSETS 2,192,615 2,121,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,196,545

2,126,521

PROVISIONS FOR LIABILITIES (399 ) (503 )
NET ASSETS 2,196,146 2,126,018

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,196,144 2,126,016
SHAREHOLDERS' FUNDS 2,196,146 2,126,018

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

SHARPS GLOBAL TRADING LIMITED (REGISTERED NUMBER: 02803434)

BALANCE SHEET - continued
31ST JULY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th April 2025 and were signed on its behalf by:





A Patel - Director


SHARPS GLOBAL TRADING LIMITED (REGISTERED NUMBER: 02803434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Sharps Global Trading 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.

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

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

Patents and licences 5% straight line
Fixtures , fittings & equipment 25% on reducing balance
Motor Vehicles 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange at balance sheet date. Transactions in foreign currencies are translated into sterling at transaction date rate. Exchange differences are taken into account in arriving at the operating result.

SHARPS GLOBAL TRADING LIMITED (REGISTERED NUMBER: 02803434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st August 2023
and 31st July 2024 3,984
AMORTISATION
At 1st August 2023 1,526
Amortisation for year 123
At 31st July 2024 1,649
NET BOOK VALUE
At 31st July 2024 2,335
At 31st July 2023 2,458

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st August 2023
and 31st July 2024 56,907 2,117 59,024
DEPRECIATION
At 1st August 2023 55,741 1,157 56,898
Charge for year 291 240 531
At 31st July 2024 56,032 1,397 57,429
NET BOOK VALUE
At 31st July 2024 875 720 1,595
At 31st July 2023 1,166 960 2,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 554,812 336,230
Other loan 488,482 455,437
Other Debtors 25,333 20,195
1,068,627 811,862

SHARPS GLOBAL TRADING LIMITED (REGISTERED NUMBER: 02803434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,282 10,265
Tax 23,560 9,412
Other taxation 29,221 23,867
Other creditors and accruals 865,315 586,125
Directors' current accounts 282 1,007
925,660 630,676