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REGISTERED NUMBER: 08004737 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Sharp Polymer Solutions Limited

Sharp Polymer Solutions Limited (Registered number: 08004737)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Sharp Polymer Solutions Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M L Sharples





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 08004737 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sharp Polymer Solutions Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sharp Polymer Solutions Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sharp Polymer Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sharp Polymer Solutions Limited and state those matters that we have agreed to state to the director of Sharp Polymer Solutions Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sharp Polymer Solutions Limited and its director for our work or for this report.

It is your duty to ensure that Sharp Polymer Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sharp Polymer Solutions Limited. You consider that Sharp Polymer Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sharp Polymer Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


28 April 2025

Sharp Polymer Solutions Limited (Registered number: 08004737)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,900 859
Investments 5 300 300
4,200 1,159

CURRENT ASSETS
Stocks 11,195 115,160
Debtors 6 335,654 986,580
Cash at bank 109,764 87,555
456,613 1,189,295
CREDITORS
Amounts falling due within one year 7 342,173 1,005,841
NET CURRENT ASSETS 114,440 183,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,640

184,613

CREDITORS
Amounts falling due after more than
one year

8

(18,585

)

(29,205

)

PROVISIONS FOR LIABILITIES (975 ) (215 )
NET ASSETS 99,080 155,193

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 98,980 155,093
SHAREHOLDERS' FUNDS 99,080 155,193

Sharp Polymer Solutions Limited (Registered number: 08004737)

Balance Sheet - continued
31 December 2024


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 director acknowledges his 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 director and authorised for issue on 28 April 2025 and were signed by:





M L Sharples - Director


Sharp Polymer Solutions Limited (Registered number: 08004737)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Sharp Polymer Solutions 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Office equipment - 33% straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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.


Sharp Polymer Solutions Limited (Registered number: 08004737)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

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

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2024 3,709
Additions 5,000
At 31 December 2024 8,709
DEPRECIATION
At 1 January 2024 2,850
Charge for year 1,959
At 31 December 2024 4,809
NET BOOK VALUE
At 31 December 2024 3,900
At 31 December 2023 859

Sharp Polymer Solutions Limited (Registered number: 08004737)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 300
NET BOOK VALUE
At 31 December 2024 300
At 31 December 2023 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 226,026 751,173
Amounts owed by group undertakings 28,317 28,304
Other debtors 21,255 10,997
Tax 12,157 -
VAT 21,737 82,247
Prepayments and accrued income 26,162 113,859
335,654 986,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans 16,950 17,255
Trade creditors 301,987 710,032
Corporation tax - 12,157
Social security and other taxes 2,973 1,819
Other creditors - 138,612
Accruals and deferred income 20,263 125,966
342,173 1,005,841

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans - 1-2 years 10,620 10,620
Other loans - 2-5 years 7,965 18,585
18,585 29,205

9. SECURED DEBTS

Invoice discounting included within other creditors of £Nil (2023: £138,612) are secured against the book debts.

Sharp Polymer Solutions Limited (Registered number: 08004737)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

11. OTHER FINANCIAL COMMITMENTS

At the year end the company was committed to expenditure under non-cancellable operating leases totalling £5,232 (2023: £4,644).

12. RELATED PARTY DISCLOSURES

At the year end included in other debtors is £10,997 (2023: £10,997) that is owed to the company from companies associated with the director of the company. The loans are interest free and repayable on demand.

13. IMMEDIATE AND ULTIMATE PARENT UNDERTAKING

At 31 December 2024 the immediate and ultimate parent undertaking was Sharp Polymer Holdings Limited, a company incorporated in England. The financial statements of this Company may be obtained from Companies House.