Company Registration No. 08296916 (England and Wales)
SHARAD FINANCIAL SERVICES LTD
Unaudited accounts
for the year ended 30 November 2024
SHARAD FINANCIAL SERVICES LTD
Unaudited accounts
Contents
SHARAD FINANCIAL SERVICES LTD
Company Information
for the year ended 30 November 2024
Director
Sharad Champaneria
Company Number
08296916 (England and Wales)
Registered Office
1 COOPER GARDENS
OADBY
LEICESTER
LE2 4TX
Accountants
CJK Accountants
4 Marsh Drive
Husbands Bosworth
Lutterworth
Leicestershire
LE17 6PU
SHARAD FINANCIAL SERVICES LTD
Statement of financial position
as at 30 November 2024
Tangible assets
66,276
81,635
Cash at bank and in hand
20,779
22,881
Creditors: amounts falling due within one year
(36,981)
(36,870)
Net current liabilities
(8,030)
(8,317)
Total assets less current liabilities
58,246
73,318
Creditors: amounts falling due after more than one year
(54,162)
(65,800)
Called up share capital
10
10
Profit and loss account
4,074
7,508
Shareholders' funds
4,084
7,518
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2025 and were signed on its behalf by
Sharad Champaneria
Director
Company Registration No. 08296916
SHARAD FINANCIAL SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2024
SHARAD FINANCIAL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 08296916. The registered office is 1 COOPER GARDENS, OADBY, LEICESTER, LE2 4TX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
255 reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2023
999
98,375
508
6,182
106,064
Additions
-
-
-
1,597
1,597
At 30 November 2024
999
98,375
508
7,779
107,661
At 1 December 2023
-
19,675
399
4,355
24,429
Charge for the year
333
15,740
27
856
16,956
At 30 November 2024
333
35,415
426
5,211
41,385
At 30 November 2024
666
62,960
82
2,568
66,276
At 30 November 2023
999
78,700
109
1,827
81,635
Amounts falling due within one year
SHARAD FINANCIAL SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
2,400
Obligations under finance leases and hire purchase contracts
9,238
9,238
Taxes and social security
4,595
21,363
Loans from directors
20,300
3,471
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
42,973
52,211
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).