Sharpe Snacks (Gosberton) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04730873 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Sharpe Snacks (Gosberton) Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr Trevor Sharpe

REGISTERED OFFICE:

49 Castle Rising Road

South Wootton

King's Lynn

Norfolk

PE30 3JA

BUSINESS ADDRESS:

39 High Street

Gosberton

Spalding

Lincolnshire

PE11 4NW

REGISTERED NUMBER:

04730873 (England and Wales)

ACCOUNTANTS:

Steve Pye & Co.

Chartered Certified Accountants

Unit 3

North Lynn Business Village

Bergen Way

King's Lynn

Norfolk

PE30 2JG

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Sharpe Snacks (Gosberton) Limited for the year ended 30 June 2019 which comprise the

Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Sharpe Snacks (Gosberton) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sharpe Snacks (Gosberton) Limited and state those matters that we have agreed to state to the director of Sharpe Snacks (Gosberton) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sharpe Snacks (Gosberton) 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 Sharpe Snacks (Gosberton) Limited. You consider that Sharpe Snacks (Gosberton) 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 Sharpe Snacks (Gosberton) 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.

Steve Pye & Co.

Chartered Certified Accountants

Unit 3

North Lynn Business Village

Bergen Way

King's Lynn

Norfolk

PE30 2JG

14 November 2019

FIXED ASSETS

Tangible assets

5

11,604

9,925

CURRENT ASSETS

Stocks

525

505

Debtors

6

818

1,080

Cash at bank

35,091

17,583

36,434

19,168

CREDITORS

Amounts falling due within one year

7

33,544

19,138

NET CURRENT ASSETS

2,890

30

TOTAL ASSETS LESS CURRENT LIABILITIES

14,494

9,955

PROVISIONS FOR LIABILITIES

2,205

1,886

NET ASSETS

12,289

8,069

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,189

7,969

12,289

8,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director on 14 November 2019 and were signed by:

Mr Trevor Sharpe - Director

1.	STATUTORY INFORMATION

Sharpe Snacks (Gosberton) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

12.5% on cost

Motor vehicles

-

12.5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

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

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Deferred tax

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

balance sheet date.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2018

9,200

7,800

17,000

Additions

4,348

-

4,348

At 30 June 2019

13,548

7,800

21,348

DEPRECIATION

At 1 July 2018

6,100

975

7,075

Charge for year

1,694

975

2,669

At 30 June 2019

7,794

1,950

9,744

NET BOOK VALUE

At 30 June 2019

5,754

5,850

11,604

At 30 June 2018

3,100

6,825

9,925

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

818

1,080

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Payments on account

11,462

13,633

Trade creditors

393

1,247

Taxation and social security

3,017

1,173

Other creditors

18,672

3,085

33,544

19,138