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REGISTERED NUMBER: 03850778 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STAY SHARP LIMITED

STAY SHARP LIMITED (REGISTERED NUMBER: 03850778)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STAY SHARP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: D Blewitt





SECRETARY: Mrs S Blewitt





REGISTERED OFFICE: 14 Goldby Drive
Wednesbury
West Midlands
WS10 9LN





REGISTERED NUMBER: 03850778 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

STAY SHARP LIMITED (REGISTERED NUMBER: 03850778)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 110,313 19,063

CURRENT ASSETS
Stocks 2,100 3,400
Debtors 5 113,151 77,556
Cash at bank 26,944 55,565
142,195 136,521
CREDITORS
Amounts falling due within one year 6 84,855 88,228
NET CURRENT ASSETS 57,340 48,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,653

67,356

PROVISIONS FOR LIABILITIES 8 27,578 3,622
NET ASSETS 140,075 63,734

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 140,073 63,732
SHAREHOLDERS' FUNDS 140,075 63,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

STAY SHARP LIMITED (REGISTERED NUMBER: 03850778)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2025 and were signed by:





S M Blewitt - Director


STAY SHARP LIMITED (REGISTERED NUMBER: 03850778)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Stay Sharp 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Statement of Income and Retained Earnings, 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.

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.

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.

STAY SHARP LIMITED (REGISTERED NUMBER: 03850778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 12,232 315,669 24,985 7,956 360,842
Additions - 100,000 - - 100,000
Disposals - (278,107 ) - - (278,107 )
At 30 September 2024 12,232 137,562 24,985 7,956 182,735
DEPRECIATION
At 1 October 2023 12,011 309,266 12,688 7,814 341,779
Charge for year 45 3,046 3,074 35 6,200
Eliminated on disposal - (275,557 ) - - (275,557 )
At 30 September 2024 12,056 36,755 15,762 7,849 72,422
NET BOOK VALUE
At 30 September 2024 176 100,807 9,223 107 110,313
At 30 September 2023 221 6,403 12,297 142 19,063

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,322 72,029
Tax - 5,527
Prepayments 2,829 -
113,151 77,556

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,950 16,216
Taxation 6,814 -
Social security and other taxes 2,028 2,111
VAT 23,296 19,523
Other creditors 277 158
Directors' current accounts 39,585 44,315
Accrued expenses 5,905 5,905
84,855 88,228

STAY SHARP LIMITED (REGISTERED NUMBER: 03850778)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,870 17,870
Between one and five years 240 360
18,110 18,230

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 27,578 3,622

Deferred
tax
£   
Balance at 1 October 2023 3,622
Provided during year 23,956
Balance at 30 September 2024 27,578

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 October 2023 63,732
Profit for the year 96,341
Dividends (20,000 )
At 30 September 2024 140,073

11. RELATED PARTY DISCLOSURES

The directors do not consider that the company has entered into any material transactions with related parties, including owners, directors and related entities, that have not been concluded under normal market conditions.