Sharp & Sharp Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04605685 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

SHARP & SHARP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A Sharp

SECRETARY:

Mrs L Sharp

REGISTERED OFFICE:

Blashy Nook

Main Street

Stainforth

Settle

North Yorkshire

BD24 9PE

REGISTERED NUMBER:

04605685 (England and Wales)

ACCOUNTANTS:

Pearson & Associates

North Barn

Broughton Hall

Skipton

North Yorkshire

BD23 3AE

FIXED ASSETS

Tangible assets

2

4,674

3,567

CURRENT ASSETS

Cash at bank

45,941

20,027

CREDITORS

Amounts falling due within one year

48,541

9,863

NET CURRENT (LIABILITIES)/ASSETS

(2,600

)

10,164

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,074

13,731

PROVISIONS FOR LIABILITIES

498

715

NET ASSETS

1,576

13,016

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,476

12,916

SHAREHOLDERS' FUNDS

1,576

13,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 October 2016 and were signed by:

A Sharp - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

7,147

Additions

2,667

At 31 March 2016

9,814

DEPRECIATION

At 1 April 2015

3,580

Charge for year

1,560

At 31 March 2016

5,140

NET BOOK VALUE

At 31 March 2016

4,674

At 31 March 2015

3,567

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100