Registered number
02434677
Sharpe Electrical Controls Limited
Report and Unaudited Accounts
31 December 2024
Collins
Chartered Accountants
West Midlands
Sharpe Electrical Controls Limited
Registered number: 02434677
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 3,897 3,533
Current assets
Debtors 4 26,359 80,263
Cash at bank and in hand 40,741 12,424
67,100 92,687
Creditors: amounts falling due within one year 5 (31,464) (52,778)
Net current assets 35,636 39,909
Net assets 39,533 43,442
Capital and reserves
Called up share capital 25,000 25,000
Profit and loss account 14,533 18,442
Shareholders' funds 39,533 43,442
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Davenport
Director
Approved by the board on 10 June 2025
Sharpe Electrical Controls Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings,and equipment 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures,fittings and equipment
£
Cost
At 1 January 2024 8,532
Additions 1,126
At 31 December 2024 9,658
Depreciation
At 1 January 2024 4,999
Charge for the year 762
At 31 December 2024 5,761
Net book value
At 31 December 2024 3,897
At 31 December 2023 3,533
4 Debtors 2024 2023
£ £
Trade debtors 26,359 69,806
Other Debtors - 10,457
26,359 80,263
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,249 26,048
Corporation tax 170 999
Directors loans 27,245 24,031
Accruals and deferred income 1,800 1,700
31,464 52,778
6 Other information
Sharpe Electrical Controls Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Langfield Road
Knowle
Solihull
West Midlands
B90 3AJ
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