| Registered number: 03419633 | ||||||||
| 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 | ||||||||
| REGISTERED OFFICE | ||||||||
| 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 Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| 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 | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 5 | |||||||||
| Current Asset Investments | 6 | |||||||||
| Cash at bank and in hand | ||||||||||
| 2,769,134 | 2,005,970 | |||||||||
| CREDITORS: Amounts falling due within one year | 7 | |||||||||
| NET CURRENT ASSETS | 1,681,345 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Capital redemption reserve | 9 | |||||||||
| Profit and loss account | 1,909,260 | 1,692,586 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| 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 | ||||||||
| Equipment | reducing 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 | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 2 | |||||
| SHARC LIMITED | ||||||||
| 3. TANGIBLE FIXED ASSETS | ||||||||||||
| Equipment | Total | |||||||||||
| £ | £ | |||||||||||
| Cost | ||||||||||||
| At 01/09/2023 | 222,173 | 222,173 | ||||||||||
| Additions | 15,708 | 15,708 | ||||||||||
| At 31/08/2024 | 237,881 | 237,881 | ||||||||||
| Depreciation | ||||||||||||
| At 01/09/2023 | 210,832 | 210,832 | ||||||||||
| For the year | 9,016 | 9,016 | ||||||||||
| At 31/08/2024 | 219,848 | 219,848 | ||||||||||
| Net Book Amounts | ||||||||||||
| At 31/08/2024 | 18,033 | |||||||||||
| At 31/08/2023 | 11,341 | |||||||||||
| 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 | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 164,957 | 28,918 | ||||||
| VAT | 1,239 | - | ||||||
| PAYE control | 1,586 | 212 | ||||||
| 167,782 | 29,130 | |||||||
| 6. CURRENT ASSET INVESTMENTS | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Other investments | 500,000 | 500,000 | ||||||
| SHARC LIMITED | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 31,295 | 41,387 | ||||||
| VAT | - | 3,032 | ||||||
| Directors current account | 5,202 | 4,378 | ||||||
| Credit card | 785 | - | ||||||
| Trade creditors | 837,025 | 272,852 | ||||||
| Accruals | 3,500 | 2,976 | ||||||
| 877,807 | 324,625 | |||||||
| 8. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 50 | 50 | |||||||
| 9. OTHER RESERVES | 2024 | 2023 | ||||
| £ | £ | |||||
| Capital redemption reserve | 50 | 50 | ||||
| 50 | 50 | |||||