BrightAccountsProduction v1.0.0 v1.0.0 2024-01-10 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The provision and management of taxi and private hire vehicle business. 10 October 2025 0 15403288 2025-01-31 15403288 2024-01-09 15403288 2024-01-10 2025-01-31 15403288 uk-bus:PrivateLimitedCompanyLtd 2024-01-10 2025-01-31 15403288 uk-curr:PoundSterling 2024-01-10 2025-01-31 15403288 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-10 2025-01-31 15403288 uk-bus:AbridgedAccounts 2024-01-10 2025-01-31 15403288 uk-core:ShareCapital 2025-01-31 15403288 uk-core:RetainedEarningsAccumulatedLosses 2025-01-31 15403288 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-01-31 15403288 uk-bus:FRS102 2024-01-10 2025-01-31 15403288 uk-core:FurnitureFittingsToolsEquipment 2024-01-10 2025-01-31 15403288 uk-core:MotorVehicles 2024-01-10 2025-01-31 15403288 2024-01-10 2025-01-31 15403288 uk-bus:Director1 2024-01-10 2025-01-31 15403288 uk-bus:AuditExempt-NoAccountantsReport 2024-01-10 2025-01-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Shark Cars Ltd
 
Abridged Unaudited Financial Statements
 
for the financial period from 10 January 2024 (date of incorporation) to 31 January 2025



Shark Cars Ltd
Company Registration Number: 15403288
ABRIDGED BALANCE SHEET
as at 31 January 2025

Jan 25
Notes £
 
Fixed Assets
Tangible assets 7 11,926
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Current Assets
Debtors 41
Cash at bank and in hand 525
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566
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Creditors: amounts falling due within one year (3,549)
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Net Current Liabilities (2,983)
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Total Assets less Current Liabilities 8,943
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Capital and Reserves
Called up share capital 1
Retained earnings 8,942
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Shareholders' Funds 8,943
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The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
       
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial period from 10 January 2024 (date of incorporation) to 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 10 October 2025
       
       
________________________________      
Mr G Dunlop      
Director      
       



Shark Cars Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period from 10 January 2024 (date of incorporation) to 31 January 2025

   
1. General Information
 
Shark Cars Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 15403288. The registered office of the company is 18a Highland Road, Weymouth, Dorset, DT4 0BG, United Kingdom which is also the principal place of business of the company. The provision and management of taxi and private hire vehicle business. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance

The financial statements of the company for the financial period ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Shark Cars Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
   
4. Period of financial statements
 
The financial statements are for the 12 month 22 days period from 10 January 2024 (date of incorporation) to 31 January 2025.
   
5. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
6. Employees
 
The average monthly number of employees, including director, during the financial period was 1, (Jan 24 - ).
         
7. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 10 January 2024 - - -
Additions 1,678 14,000 15,678
  ───────── ───────── ─────────
At 31 January 2025 1,678 14,000 15,678
  ───────── ───────── ─────────
Depreciation
At 10 January 2024 - - -
Charge for the financial period 252 3,500 3,752
  ───────── ───────── ─────────
At 31 January 2025 252 3,500 3,752
  ───────── ───────── ─────────
Net book value
At 31 January 2025 1,426 10,500 11,926
  ═════════ ═════════ ═════════
     
8. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 January 2025.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.