Company registration number 07840878 (England and Wales)
SHARON CANAVAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SHARON CANAVAN LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Sharon Canavan Limited
SHARON CANAVAN LIMITED
Statement of financial position
as at 30 November 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
535
714
Current assets
Debtors
3,378
2,368
Creditors: amounts falling due within one year
(3,390)
(2,935)
Net current liabilities
(12)
(567)
Total assets less current liabilities
523
147
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
423
47
Total equity
523
147

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 26 August 2025
S Canavan
Director
Company Registration No. 07840878
Sharon Canavan Limited
SHARON CANAVAN LIMITED
Notes to the financial statements
for the year ended 30 November 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

 

Turnover

Turnover represents the fair value of the consideration receivable for services provided in the normal course of business. Turnover is recognised on the performance of contractual service obligations where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and are net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
2,490
2,035
Sharon Canavan Limited
SHARON CANAVAN LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 30 November 2024
- 3 -
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 December 2023 and 30 November 2024
3,900
Depreciation and impairment
At 1 December 2023
3,186
Depreciation charged in the year
179
At 30 November 2024
3,365
Carrying amount
At 30 November 2024
535
At 30 November 2023
714
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
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