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SHARD TECH LIMITED

Registered Number
09721616
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

SHARD TECH LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

B S Lattimer
G Lloyd Parry

Registered Address

2 Freyberg Drive
Aylesbury
HP18 0HR

Registered Number

09721616 (England and Wales)
SHARD TECH LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets341,14430,838
41,14430,838
Current assets
Stocks4-26,000
Debtors61,263144,734
Cash at bank and on hand225,653304,471
286,916475,205
Creditors amounts falling due within one year5(54,357)(119,502)
Net current assets (liabilities)232,559355,703
Total assets less current liabilities273,703386,541
Provisions for liabilities6(10,285)(7,710)
Net assets263,418378,831
Capital and reserves
Called up share capital22
Profit and loss account263,416378,829
Shareholders' funds263,418378,831
The financial statements were approved and authorised for issue by the Board of Directors on 9 May 2025, and are signed on its behalf by:
B S Lattimer
Director
G Lloyd Parry
Director

Registered Company No. 09721616
SHARD TECH LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 September 2391,41091,410
Additions21,42521,425
At 31 August 24112,835112,835
Depreciation and impairment
At 01 September 2360,57260,572
Charge for year11,11911,119
At 31 August 2471,69171,691
Net book value
At 31 August 2441,14441,144
At 31 August 2330,83830,838
4.Stocks

2024

2023

££
Work in progress-26,000
Total-26,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,9111,299
Bank borrowings and overdrafts3,3922,027
Taxation and social security41,950109,042
Other creditors7,1047,134
Total54,357119,502
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)10,2857,710
Total10,2857,710