1 September 2024 false No description of principal activity Taxfiler 2024.6 SC642415 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC642415 2024-08-31 SC642415 2024-09-01 2025-08-31 SC642415 business:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 SC642415 business:AbridgedAccounts 2024-09-01 2025-08-31 SC642415 2025-08-31 SC642415 business:Director2 2024-09-01 2025-08-31 SC642415 business:Director3 2024-09-01 2025-08-31 SC642415 business:RegisteredOffice 2024-09-01 2025-08-31 SC642415 2024-08-31 SC642415 core:WithinOneYear 2025-08-31 SC642415 core:WithinOneYear 2024-08-31 SC642415 core:AfterOneYear 2025-08-31 SC642415 core:AfterOneYear 2024-08-31 SC642415 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 SC642415 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 SC642415 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 SC642415 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 SC642415 core:PreviouslyStatedAmount 2025-08-31 SC642415 core:PreviouslyStatedAmount 2024-08-31 SC642415 business:SmallEntities 2024-09-01 2025-08-31 SC642415 countries:Scotland 2024-09-01 2025-08-31 SC642415 core:LandBuildings 2024-09-01 2025-08-31 SC642415 core:MotorVehicles 2024-09-01 2025-08-31 SC642415 core:FurnitureFittings 2024-09-01 2025-08-31 SC642415 core:MotorVehicles core:LeasedAssetsHeldAsLessee 2025-08-31 SC642415 core:MotorVehicles core:LeasedAssetsHeldAsLessee 2024-08-31 SC642415 core:BetweenOneFiveYears 2025-08-31 SC642415 core:BetweenOneFiveYears 2024-08-31 SC642415 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC642415 (Scotland)
Sharon Leon Limited Unaudited accounts for the year ended 31 August 2025
Sharon Leon Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sharon Leon Limited Company Information for the year ended 31 August 2025
Directors
James Sheerin Jennifer Alexander
Company Number
SC642415 (Scotland)
Registered Office
Sharon Leon, Unit G 33 Harbour Road Inverness Inverness-shire IV1 1UA
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Sharon Leon Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
-
5,000
Tangible assets
5
70,278
86,753
70,278
91,753
Current assets
Inventories
111,720
84,479
Debtors
200,466
287,698
Cash at bank and in hand
500
500
312,686
372,677
Creditors: amounts falling due within one year
(345,097)
(398,863)
Net current liabilities
(32,411)
(26,186)
Total assets less current liabilities
37,867
65,567
Creditors: amounts falling due after more than one year
-
(29,206)
Provisions for liabilities
Deferred tax
(9,113)
(10,403)
Net assets
28,754
25,958
Capital and reserves
Called up share capital
100
100
Profit and loss account
28,654
25,858
Shareholders' funds
28,754
25,958
For the year ending 31 August 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 12 November 2025 and were signed on its behalf by
Jennifer Alexander Director Company Registration No. SC642415
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Sharon Leon Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Sharon Leon Limited is a private company, limited by shares, registered in Scotland, registration number SC642415. The registered office is Sharon Leon, Unit G, 33 Harbour Road, Inverness, Inverness-shire, IV1 1UA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Land & buildings
Straight line over the life of the lease
Motor vehicles
20% reducing balance
Fixtures & fittings
10% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost and amortised over 5 years (estimated useful economic life).
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Sharon Leon Limited Notes to the Accounts for the year ended 31 August 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total
£
Cost
At 1 September 2024
100,000
At 31 August 2025
100,000
Amortisation
At 1 September 2024
95,000
Charge for the year
5,000
At 31 August 2025
100,000
Net book value
At 31 August 2025
-
At 31 August 2024
5,000
5
Tangible fixed assets
Total
£
Cost or valuation
At 1 September 2024
157,143
Additions
3,231
At 31 August 2025
160,374
Depreciation
At 1 September 2024
70,390
Charge for the year
19,706
At 31 August 2025
90,096
Net book value
At 31 August 2025
70,278
At 31 August 2024
86,753
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Sharon Leon Limited Notes to the Accounts for the year ended 31 August 2025
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
22,993
28,741
6
Operating lease commitments
2025
2024
£
£
At 31 August 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
238,210
307,930
7
Loans to directors
Included in other debtors is a loan of £45,989 to the director J Alexander. The loan bears interest at the statutory rate and has no fixed terms for repayment.
8
Average number of employees
During the year the average number of employees was 11 (2024: 11).
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