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
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
Sharp Ahead Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
14,298
7,525
Cash at bank and in hand
161,667
129,512
Creditors: amounts falling due within one year
(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
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
Sharp Ahead Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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.
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.
Sharp Ahead Ltd
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
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.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
421
43,054
43,475
At 30 April 2025
421
56,223
56,644
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
At 30 April 2025
-
14,298
14,298
At 30 April 2024
-
7,525
7,525
Sharp Ahead Ltd
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Trade debtors
196,367
174,020
Accrued income and prepayments
371
307
Other debtors
21,647
100,034
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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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
58,749
13,081
58,749
13,081
41,284
8,567
41,284
8,567
100,033
21,648
100,033
21,648
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Average number of employees
During the year the average number of employees was 20 (2024: 18).