Sharpshill Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05531345

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,248		2,100

			1,248		2,100
CURRENT ASSETS
Stocks	5	14,800		14,800
Cash at bank and in hand		4,246		-

		19,046		14,800
Creditors: Amounts Falling Due Within One Year	6	(11,836 )		(9,964 )

NET CURRENT ASSETS (LIABILITIES)			7,210		4,836

TOTAL ASSETS LESS CURRENT LIABILITIES			8,458		6,936

Creditors: Amounts Falling Due After More Than One Year	7		(5,226 )		(4,258 )

NET ASSETS			3,232		2,678

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			3,231		2,677

SHAREHOLDERS' FUNDS			3,232		2,678

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Sharpshill Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C J Litherland

Director

15 June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sharpshill Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05531345 . The registered office is Westbury Court, Church Road, Westbury-on-Trym, Bristol, BS9 3EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	5 years straight line.
Computer Equipment	3 years straight line.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Sharpshill Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 4)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	6,300	127	6,427
Additions	510	-	510
Disposals	(1,200 )	-	(1,200 )

As at 31 March 2026	5,610	127	5,737

Depreciation
As at 1 April 2025	4,200	127	4,327
Provided during the period	1,122	-	1,122
Disposals	(960 )	-	(960 )

As at 31 March 2026	4,362	127	4,489

Net Book Value
As at 31 March 2026	1,248	-	1,248

As at 1 April 2025	2,100	-	2,100

5. Stocks

	2026	2025
	£	£
Stock	12,800	12,800
Work in progress	2,000	2,000

	14,800	14,800

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Sharpshill Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,999	-
Bank loans and overdrafts	-	465
Other taxes and social security	7,582	7,415
Accruals and deferred income	2,255	2,084

	11,836	9,964

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other creditors	5,226	4,258

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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