Sharon Carr Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08022140 (England and Wales)

Sharon Carr Limited

Unaudited Financial Statements for the Year Ended 31st March 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S Carr

REGISTERED OFFICE:

Lauriston House

Town Hall Square

Grimsby

N E Lincolnshire

DN31 1JB

REGISTERED NUMBER:

08022140 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

14,000

Investments

5

50,000

50,000

50,000

64,000

CURRENT ASSETS

Debtors

12,083

-

CREDITORS

Amounts falling due within one year

19,346

29,348

NET CURRENT LIABILITIES

(7,263

)

(29,348

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,737

34,652

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,637

34,552

42,737

34,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19th December 2019 and were signed by:

Mrs S Carr - Director

1.	STATUTORY INFORMATION

Sharon Carr Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents the fair value of a share of profit from BG Solicitors LLP.

Goodwill

Goodwill, being the amount paid in connection with the acquistion of an interest in BG Solicitors LLP, is

classified as an asset on the balance sheet and amortised on a straight line basis over its estimated

useful life of 5 years. Provision is made for any impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss

account in other administrative expenses.

Employment benefits

When employees have rendered service to the company, short-term employee benefits to which the

employees are entitled are recognised at the undiscounted amount expected to be paid in exchange

for that service.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2018

and 31st March 2019

70,000

AMORTISATION

At 1st April 2018

56,000

Amortisation for year

14,000

At 31st March 2019

70,000

NET BOOK VALUE

At 31st March 2019

-

At 31st March 2018

14,000

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2019

2018

£

£

BG Solicitors LLP capital

account

50,000

50,000

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £1,172 due from the director. The balance is repayable on demand,

with the company charging 2.5% interest on the balance.