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Company Registration No. 08971343 (England and Wales)
Sharp Ahead Ltd Unaudited accounts for the year ended 30 April 2025
Sharp Ahead Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sharp Ahead Ltd Company Information for the year ended 30 April 2025
Directors
John Anthony Woods Jennifer Esty
Company Number
08971343 (England and Wales)
Registered Office
C/O Accounts And Legal 81 King Street Manchester M2 4AH England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Sharp Ahead Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
14,298
7,525
Current assets
Debtors
5
218,385
274,361
Cash at bank and in hand
161,667
129,512
380,052
403,873
Creditors: amounts falling due within one year
6
(190,337)
(186,906)
Net current assets
189,715
216,967
Total assets less current liabilities
204,013
224,492
Provisions for liabilities
Deferred tax
(3,573)
(1,881)
Net assets
200,440
222,611
Capital and reserves
Called up share capital
100
100
Profit and loss account
200,340
222,511
Shareholders' funds
200,440
222,611
For the year ending 30 April 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.
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 5 January 2026 and were signed on its behalf by
Jennifer Esty Director Company Registration No. 08971343
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Sharp Ahead Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Sharp Ahead Ltd is a private company, limited by shares, registered in England and Wales, registration number 08971343. The registered office is C/O Accounts And Legal, 81 King Street, Manchester, M2 4AH, England.
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 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:
Fixtures & fittings
25%
Computer equipment
33%
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
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Sharp Ahead Ltd Notes to the Accounts for the year ended 30 April 2025
Employee Benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In forming this view, the directors have considered the company’s current trading performance, profitability, cash flow forecasts, and net asset position. The company is profitable, has positive equity, and generates sufficient cash to meet its obligations as they fall due. Accordingly, the financial statements have been prepared on a going concern basis.
Foreign exchange
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated at the exchange rate at that date. Non-monetary items measured at historical cost are translated at the exchange rate at the date of the transaction. Non-monetary items measured at fair value are translated at the exchange rate when the fair value was determined.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
421
43,054
43,475
Additions
-
13,169
13,169
At 30 April 2025
421
56,223
56,644
Depreciation
At 1 May 2024
421
35,529
35,950
Charge for the year
-
6,396
6,396
At 30 April 2025
421
41,925
42,346
Net book value
At 30 April 2025
-
14,298
14,298
At 30 April 2024
-
7,525
7,525
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Sharp Ahead Ltd Notes to the Accounts for the year ended 30 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
196,367
174,020
Accrued income and prepayments
371
307
Other debtors
21,647
100,034
218,385
274,361
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
46,871
21,443
Taxes and social security
140,638
140,247
Other creditors
2,828
2,152
Deferred income
-
23,064
190,337
186,906
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
John Anthony Woods
58,749
13,081
58,749
13,081
Jennifer Esty
41,284
8,567
41,284
8,567
100,033
21,648
100,033
21,648
8
Average number of employees
During the year the average number of employees was 20 (2024: 18).
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