Sharpe Safety Ltd

Unaudited Financial Statements
for the year ended 31 January 2026

Company registration number 12413480

(England and Wales)

Statement of Financial Position

As at 31 January 2026

Notes

2026

2025

£

Fixed assets

Tangible assets

4

11,907

15,100

11,907

15,100

Current assets

Debtors

5

32,009

107,062

Cash at bank and in hand

20,076

96,033

52,085

203,095

Creditors

Amounts falling due within one year

6

(1,189)

(14,110)

(1,189)

(14,110)

Net current assets (liabilities)

50,896

188,985

Total assets less current liabilities

62,803

204,085

Net assets (liabilities)

62,803

204,085

Capital and reserves

Called up share capital

2

Profit and loss account

62,801

204,083

Total equity

62,803

204,085

The company is a private company limited by shares and registered in England and Wales. It 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 financial statements.

The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 June 2026 and are signed on its behalf by:

Sharpe, Ian Richard

Director

Company registration number 12413480

Notes to the Financial Statements

For the year ended 31 January 2026

1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with 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.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue 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

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate

Method

%

Motor vehicles

25

Reducing balance

Office and computer equipment

15

Reducing balance

3. Employees

The average number of employees during the year was 2 (2025: 1).

4. Tangible fixed assets

Motor vehicles

Office equipment

Total

£

Cost

At 1 February 2025

22,000

8,696

30,696

At 31 January 2026

22,000

8,696

30,696

Depreciation and impairment

At 1 February 2025

12,719

2,877

15,596

Charge for the period

2,320

873

3,193

At 31 January 2026

15,039

3,750

18,789

Net book value

At 31 January 2026

6,961

4,946

11,907

At 31 January 2025

9,281

5,819

15,100

5. Debtors

2026

2025

£

Other debtors

272

154

Directors loan accounts

30,865

106,205

Prepayments and accrued income

872

703

Total due within one year

32,009

107,062

Total due after one year

-

Total

32,009

107,062

6. Creditors due within one year

2026

2025

£

Trade creditors

77

74

Other creditors

-

13,151

Taxation and social security

340

150

Accruals and deferred income

772

735

Total

1,189

14,110

7. Directors advances, credits and guarantees

Director

Brought forward

Amounts advanced

Amounts repaid

Carried forward

£

Sharpe, Ian Richard

106,205

32,320

(107,660)

30,865

Total

106,205

32,320

(107,660)

30,865

The above loan is unsecured, interest free and repayable on demand.

Registered office	4 Low Dowfold
	Crook
	DL15 9AE

Accountant	AWS Accountancy Ltd
	3 Berrymoor Court
	Northumberland Business Park
	Cramlington
	Northumberland
	NE23 7RZ