| SHARPE REFINERY SERVICE (HYDRO CARBONS) LIMITED |
| Registered number: |
01393706 |
| Balance Sheet |
| as at 31 March 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
392,123 |
|
|
389,263 |
|
| Current assets |
| Debtors |
5 |
|
1,952 |
|
|
2,112 |
| Cash at bank and in hand |
|
|
31,001 |
|
|
93,457 |
|
|
|
32,953 |
|
|
95,569 |
|
| Creditors: amounts falling due within one year |
6 |
|
(21,864) |
|
|
(141,997) |
|
| Net current assets/(liabilities) |
|
|
|
11,089 |
|
|
(46,428) |
|
| Net assets |
|
|
|
403,212 |
|
|
342,835 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50,000 |
|
|
50,000 |
| Profit and loss account |
|
|
|
353,212 |
|
|
292,835 |
|
| Shareholders' funds |
|
|
|
403,212 |
|
|
342,835 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D S ROADS |
| Director |
| Approved by the board on 15 December 2023 |
|
| SHARPE REFINERY SERVICE (HYDRO CARBONS) LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 and rendering of services which are recognised when an invoice is raised. Turnover from rents receivable is measured by the value of invoices raised in the accounting period irrespective of the period covered. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill has been written off in equal instalments over 5 years. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Depreciation has not been provided on freehold buildings on the grounds that the annual charge would be immaterial. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets: Goodwill |
£ |
|
|
Cost |
|
At 1 April 2022 |
7,585 |
|
At 31 March 2023 |
7,585 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2022 |
7,585 |
|
At 31 March 2023 |
7,585 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
- |
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2022 |
389,263 |
|
Additions |
2,860 |
|
At 31 March 2023 |
392,123 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
392,123 |
|
At 31 March 2022 |
389,263 |
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
1,952 |
|
2,112 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
5,118 |
|
499 |
|
Corporation tax |
14,162 |
|
14,781 |
|
Other taxes and social security costs |
234 |
|
367 |
|
Accruals |
2,350 |
|
2,350 |
|
Other creditors |
- |
|
124,000 |
|
|
|
|
|
|
21,864 |
|
141,997 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling party |
|
|
Throughout this and the previous year the company was under the control of Miss D S Roads, a director, shareholder and the company's key management. |
|
|
| 8 |
Other information |
|
|
SHARPE REFINERY SERVICE (HYDRO CARBONS) LIMITED is a private company limited by shares and incorporated in England. Its registered office is situated at Arlington Works, Arlington Road, Twickenham, TW1 2BB. |
|
|
| 8 |
Contingent liability |
|
|
The company, as owner of the freehold property, has an unlimited but unquantifiable liability arising from the treatment, to the satisfaction of and under the supervision of the Environment Agency, of any contamination or pollution of the soil on any part of the site as a result of the processing of waste oil. |
