Company registration number 02102342 (England and Wales)
SHARP SKIPS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
SHARP SKIPS LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
SHARP SKIPS LIMITED
COMPANY INFORMATION
Director
Mr T E Sharp
Secretary
Mrs N Sharp
Company number
02102342
Registered office
Unit 6 Albright Industrial Estate
Ferry Lane
Rainham
RM13 9BU
Accountants
Koshal Associates (Chartered Accountants)
1-3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
SHARP SKIPS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHARP SKIPS LIMITED FOR THE YEAR ENDED 31 JANUARY 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sharp Skips Limited for the year ended 31 January 2026 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

It is your duty to ensure that Sharp Skips Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sharp Skips Limited. You consider that Sharp Skips Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sharp Skips Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Koshal Associates (Chartered Accountants)
14 September 2026
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
SHARP SKIPS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,655,829
13,269,106
Current assets
Stocks
4
9,000
-
Debtors
5
383,294
346,997
Cash at bank and in hand
9,356
106,732
401,650
453,729
Creditors: amounts falling due within one year
6
(2,237,797)
(1,840,040)
Net current liabilities
(1,836,147)
(1,386,311)
Total assets less current liabilities
10,819,682
11,882,795
Creditors: amounts falling due after more than one year
8
(6,566,232)
(7,633,135)
Net assets
4,253,450
4,249,660
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,253,350
4,249,560
Total equity
4,253,450
4,249,660

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 14 September 2026
Mr T E Sharp
Director
SHARP SKIPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Sharp Skips Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6 Albright Industrial Estate, Ferry Lane, Rainham, RM13 9BU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil
Improvements to property
5% on reducing balance
Plant and equipment
25% on reducing balance
Computers
25% on reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

SHARP SKIPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
2
2
3
Tangible fixed assets
Freehold land and buildings
Improvements to property
Plant and equipment
Computers
Total
£
£
£
£
£
Cost
At 1 February 2025
8,066,016
1,006,582
9,776,658
27,130
18,876,386
Additions
-
0
-
0
873,329
-
0
873,329
Disposals
-
0
-
0
(582,810)
-
0
(582,810)
At 31 January 2026
8,066,016
1,006,582
10,067,177
27,130
19,166,905
Depreciation and impairment
At 1 February 2025
-
0
97,687
5,488,901
20,692
5,607,280
Depreciation charged in the year
-
0
45,445
1,240,512
1,610
1,287,567
Eliminated in respect of disposals
-
0
-
0
(383,771)
-
0
(383,771)
At 31 January 2026
-
0
143,132
6,345,642
22,302
6,511,076
Carrying amount
At 31 January 2026
8,066,016
863,450
3,721,535
4,828
12,655,829
At 31 January 2025
8,066,016
908,895
4,287,757
6,438
13,269,106
4
Stocks
2026
2025
£
£
Work in progress
9,000
-
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
383,294
1
Other debtors
-
0
346,996
383,294
346,997
SHARP SKIPS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
6
Creditors: amounts falling due within one year
2026
2025
Notes
£
£
Bank loans
7
88,809
88,809
Hire purchase
1,374,129
1,275,308
Corporation tax
38,622
15,291
Other taxation and social security
24,323
99,530
Other creditors
708,164
354,794
Accruals and deferred income
3,750
6,308
2,237,797
1,840,040
7
Loans and overdrafts
2026
2025
£
£
Bank loans
5,108,816
5,245,087
Payable within one year
88,809
88,809
Payable after one year
5,020,007
5,156,278

The long-term loans are secured by a fixed & floating charge over the Company.

[An entity shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance. For example, for long term debt such information would normally include the terms and conditions of the debt instrument (such as interest rate, maturity, repayment schedule, and restrictions that the debt instrument imposes on the entity.]

8
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Bank loans and overdrafts
7
5,020,007
5,156,278
Hire purchase
1,546,225
2,476,857
6,566,232
7,633,135
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