Shareforce Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Shareforce Limited For The Year Ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Shareforce Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Shareforce Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Shareforce Limited and state those matters that we have agreed to state to the directors of Shareforce Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shareforce Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Shareforce Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Shareforce Limited . You consider that Shareforce Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Shareforce Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Robert Fiford FCCA

18/09/2025

dines Accountancy Limited

ACCA

Edinburgh House

170 Kennington Lane

London

SE11 5DP

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Shareforce Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 07457331

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,043		14,252

			9,043		14,252
CURRENT ASSETS
Debtors	5	243,921		457,726
Cash at bank and in hand		92,440		121,049

		336,361		578,775
Creditors: Amounts Falling Due Within One Year	6	(287,025 )		(387,997 )

NET CURRENT ASSETS (LIABILITIES)			49,336		190,778

TOTAL ASSETS LESS CURRENT LIABILITIES			58,379		205,030

Creditors: Amounts Falling Due After More Than One Year	7		(28,949 )		(34,463 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,746 )		(2,726 )

NET ASSETS			27,684		167,841

CAPITAL AND RESERVES
Called up share capital	8		200		200
Share premium account			29,940		29,940
Profit and Loss Account			(2,456 )		137,701

SHAREHOLDERS' FUNDS			27,684		167,841

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Shareforce Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr P Gibson

Director

18/09/2025

The notes on pages 4 to 6 form part of these financial statements.

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Shareforce Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Shareforce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07457331 . The registered office is 7 Maidstone Buildings Mews, London, SE1 1GD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 7)

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Shareforce Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	2,264	16,334	40,011	58,609
Additions	-	250	1,155	1,405

As at 31 December 2024	2,264	16,584	41,166	60,014

Depreciation
As at 1 January 2024	726	11,494	32,137	44,357
Provided during the period	453	1,360	4,801	6,614

As at 31 December 2024	1,179	12,854	36,938	50,971

Net Book Value
As at 31 December 2024	1,085	3,730	4,228	9,043

As at 1 January 2024	1,538	4,840	7,874	14,252

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	177,954	339,798
Prepayments and accrued income	17,791	18,501
Other debtors	16,920	37,320
Corporation tax recoverable assets	31,256	7,526
Directors' loan accounts	-	54,581

	243,921	457,726

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	177,777	308,280
Bank loans and overdrafts	5,514	5,514
Corporation tax	-	35,765
Other taxes and social security	6,211	5,725
VAT	11,927	23,984
Other creditors	3,367	2,150
Accruals and deferred income	3,998	6,579
Directors' loan accounts	78,231	-

	287,025	387,997

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	28,949	34,463

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Shareforce Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	200	200

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	56,400	97,200
Later than one year and not later than five years	159,800	219,600

	216,200	316,800

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Philip Gibson	54,581	-	54,581	-	-

The above loan is unsecured, interest free and repayable on demand.

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