03419633falsethe provision of Engineering and Visualisation Consultancy Services.2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-08-31http://www.companieshouse.gov.uk/cd:Director12023-09-012024-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-08-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2023-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-08-31http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2024-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-09-012024-08-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-09-012024-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-09-012024-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-08-31http://www.companieshouse.gov.uk/2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FRS1022023-09-012024-08-31http://www.companieshouse.gov.uk/2024-08-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-09-012024-08-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-09-012024-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03419633

SHARC LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024

Prepared By:
Brody Lee Kershaw Ltd
Chartered Accountants
Suite 2 1st Floor Metropolitan House
Station Road
Cheadle Hulme
Cheshire
SK8 7AZ

SHARC LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
DIRECTORS
Richard BARDWELL
REGISTERED OFFICE
Empress Business Centre
380 Chester Road
Manchester
M16 9EA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03419633
ACCOUNTANTS
Brody Lee Kershaw Ltd
Chartered Accountants
Suite 2 1st Floor Metropolitan House
Station Road
Cheadle Hulme
Cheshire
SK8 7AZ

SHARC LIMITED

ACCOUNTS
FOR THEYEARENDED31/08/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SHARC LIMITED

BALANCE SHEET AT 31/08/2024
20242023
Notes££
FIXED ASSETS
Tangible assets318,03311,341
CURRENT ASSETS
Debtors5167,78229,130
Current Asset Investments6500,000500,000
Cash at bank and in hand2,101,3521,476,840
2,769,1342,005,970
CREDITORS: Amounts falling due within one year7877,807324,625
NET CURRENT ASSETS1,891,3271,681,345
TOTAL ASSETS LESS CURRENT LIABILITIES1,909,3601,692,686
CAPITAL AND RESERVES
Called up share capital85050
Capital redemption reserve95050
Profit and loss account1,909,2601,692,586
SHAREHOLDERS' FUNDS1,909,3601,692,686
For the year ending 31/08/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17/12/2024 and signed on their behalf by
.............................
Richard BARDWELL
Director

SHARC LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 33%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. EMPLOYEES
20242023
No.No.
Average number of employees32

SHARC LIMITED

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/09/2023222,173222,173
Additions15,70815,708
At 31/08/2024237,881237,881
Depreciation
At 01/09/2023210,832210,832
For the year9,0169,016
At 31/08/2024219,848219,848
Net Book Amounts
At 31/08/202418,03318,033
At 31/08/202311,34111,341
Tangible fixed assets includes long term investments in land and property not included above.(see note 7).
4. INVESTMENT PROPERTIES
Fair value
At 31/08/2024
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors164,95728,918
VAT1,239-
PAYE control1,586212
167,78229,130
6. CURRENT ASSET INVESTMENTS
20242023
££
Other investments500,000500,000
500,000500,000

SHARC LIMITED

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax31,29541,387
VAT-3,032
Directors current account5,2024,378
Credit card785-
Trade creditors837,025272,852
Accruals3,5002,976
877,807324,625
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
5050
9. OTHER RESERVES 20242023
££
Capital redemption reserve5050
5050