Registration number: 00472336

Eastwood & Sharples Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Eastwood & Sharples Limited

Company Information

Directors

Mr A B Collier Mr W F C Collier

Company secretary

Mrs S P Collier

Registered office

Nicholls Buildings The Parade Parkgate South Wirral CH64 6SA

Accountants

G W Kelly & Company Chartered Certified Accountants3 Stadium Court Plantation Road Bromborough Merseyside CH62 3QG

Eastwood & Sharples Limited

(Registration number: 00472336)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	135,908	68,325
Current assets
Stocks	6	6,600	6,600
Debtors	7	12,820	3,821
Other financial assets		46,918	47,228
Cash at bank and in hand		620,065	632,625
		686,403	690,274
Creditors: Amounts falling due within one year	8	(168,842)	(168,892)
Net current assets		517,561	521,382
Total assets less current liabilities		653,469	589,707
Provisions for liabilities		(16,749)	(16,749)
Net assets		636,720	572,958
Capital and reserves
Called up share capital	9	25,625	25,625
Retained earnings		611,095	547,333
Shareholders' funds		636,720	572,958

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

Eastwood & Sharples Limited

(Registration number: 00472336)
Balance Sheet as at 31 March 2025

......................................... Mr W F C Collier Director

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Nicholls Buildings
The Parade
Parkgate
South Wirral
CH64 6SA

These financial statements were authorised for issue by the Board on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Improvements to property	20% reducing balance
Fixtures & fittings	25% reducing balance
Motor vehicles	25% reducing balance
Office equipment	33% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Investments

Short term investments where there are no restrictions on the company's ability to dispose of them are classified as current asset investments.

Current asset investments are recognised at cost. The directors consider that given the fluctuations in the investment market any such gains will not have a material effect on the value of the investments.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 18).

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	89,286	89,286
At 31 March 2025	89,286	89,286
Amortisation
At 1 April 2024	89,286	89,286
At 31 March 2025	89,286	89,286
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Properties under construction  £	Total £
Cost or valuation
At 1 April 2024	474,554	94,080	10,450	579,084
Additions	36,619	77,500	-	114,119
At 31 March 2025	511,173	171,580	10,450	693,203
Depreciation
At 1 April 2024	447,951	52,358	10,450	510,759
Charge for the year	16,731	29,805	-	46,536
At 31 March 2025	464,682	82,163	10,450	557,295
Carrying amount
At 31 March 2025	46,491	89,417	-	135,908
At 31 March 2024	26,603	41,722	-	68,325

6

Stocks

	2025 £	2024 £
Other inventories	6,600	6,600

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

	2025 £	2024 £
Other debtors	1,673	1,674
Prepayments	11,147	2,147
	12,820	3,821

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	44,306	54,364
Accruals and deferred income	44,144	41,750
Other creditors	80,392	72,778
	168,842	168,892

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	20,625	20,625	20,625	20,625
Founder shares of £1 each	5,000	5,000	5,000	5,000
	25,625	25,625	25,625	25,625

10	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

Eastwood & Sharples Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	2025 £	2024 £
Remuneration	67,564	58,164
Contributions paid to money purchase schemes	22,000	-
	89,564	58,164

11	Financial instruments

Categorisation of financial instruments

	2025  £	2024  £
Financial assets that are equity instruments measured at cost less impairment	46,918	47,228