1 December 2023 false No description of principal activity Taxfiler 2024.6 08296916business:PrivateLimitedCompanyLtd2023-12-012024-11-30 082969162023-11-30 082969162023-12-012024-11-30 08296916business:AuditExemptWithAccountantsReport2023-12-012024-11-30 08296916business:FilletedAccounts2023-12-012024-11-30 082969162024-11-30 08296916business:Director12023-12-012024-11-30 08296916business:RegisteredOffice2023-12-012024-11-30 082969162023-11-30 08296916core:WithinOneYear2024-11-30 08296916core:WithinOneYear2023-11-30 08296916core:AfterOneYear2024-11-30 08296916core:AfterOneYear2023-11-30 08296916core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 08296916core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 08296916core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 08296916core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 08296916core:PreviouslyStatedAmount2024-11-30 08296916core:PreviouslyStatedAmount2023-11-30 08296916business:SmallEntities2023-12-012024-11-30 08296916countries:EnglandWales2023-12-012024-11-30 08296916core:MotorVehicles2023-12-012024-11-30 08296916core:FurnitureFittings2023-12-012024-11-30 08296916core:ComputerEquipment2023-12-012024-11-30 08296916core:PlantMachinery2023-11-30 08296916core:MotorVehicles2023-11-30 08296916core:FurnitureFittings2023-11-30 08296916core:ComputerEquipment2023-11-30 08296916core:PlantMachinery2023-12-012024-11-30 08296916core:PlantMachinery2024-11-30 08296916core:MotorVehicles2024-11-30 08296916core:FurnitureFittings2024-11-30 08296916core:ComputerEquipment2024-11-30 082969162022-12-012023-11-30 iso4217:GBP xbrli:pure
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
Page
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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
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SHARAD FINANCIAL SERVICES LTD Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,276 
81,635 
Current assets
Debtors
8,172 
5,672 
Cash at bank and in hand
20,779 
22,881 
28,951 
28,553 
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)
Net assets
4,084 
7,518 
Capital and reserves
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
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SHARAD FINANCIAL SERVICES LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 November 2024
666 
62,960 
82 
2,568 
66,276 
At 30 November 2023
999 
78,700 
109 
1,827 
81,635 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
8,172 
5,672 
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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 
Trade creditors
(62)
(112)
Taxes and social security
4,595 
21,363 
Loans from directors
20,300 
3,471 
Accruals
510 
510 
36,981 
36,870 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,189 
13,589 
Obligations under finance leases and hire purchase contracts
42,973 
52,211 
54,162 
65,800 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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