Accounts filed on 31-05-2017


ACCOUNTS
FOR THE YEAR ENDED 31/05/2017





DIRECTORS
D B Curant


REGISTERED OFFICE
Unit 5, Southdown Industrial Estate
Southdown Road
Harpenden
Hertfordshire
AL5 1PW


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05905930


ACCOUNTS
FOR THEYEARENDED31/05/2017



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/05/2017

			2017		2016
	Notes		£		£


CURRENT ASSETS
Stock		14,304		15,306
Debtors	3	210,687		216,116
Cash at bank and in hand		20		20
		225,011		231,442
CREDITORS: Amounts falling due within one year	4	50,450		49,354
NET CURRENT ASSETS			174,561		182,088
TOTAL ASSETS LESS CURRENT LIABILITIES			174,561		182,088

CAPITAL AND RESERVES

Called up share capital	6		100		100
Profit and loss account			174,461		181,988
SHAREHOLDERS' FUNDS			174,561		182,088

For the year ending 31/05/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 06/11/2017 and signed on their behalf by



.............................
D B Curant
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1c. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




3. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	44,627	49,712
UK corporation tax	7	-
Other debtors	-	1,187
Amounts due from group companies	164,577	165,217
Prepayments	1,476	-
	210,687	216,116




4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	-	8,760
VAT	5,247	7,711
Directors current account	8,100	-
Bank loans and overdrafts	13,790	4,105
Trade creditors	15,975	26,110
Other creditors	6,779	2,109
Amounts due to group companies	559	559
	50,450	49,354




5. EMPLOYEES

	2017	2016
	No.	No.
Employees of The Sharper Edge Limited work across all group companies.




6. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100




7. CONTROLLING PARTY
100% of the beneficial interest in the issued share capital is held by Calloway Group Limited. David Curant, a director, controls Calloway Group Limited by virtue of his controlling interest of 100% of the issued share capital.




8. RELATED PARTIES TRANSACTIONS
Transactions have taken place during the year with Calloway Group Limited and with companies which are 100% subsidiaries of Calloway Group, as noted below. The transactions were made at normal commercial rates.


	The Sharper Edge Limited	Harpenden Alarms Limited	Calloway Group Limited
Balance owed to / (by) the company at 1 June 2016	£163,943	£1,274	£(559)
Transfers of funds	268,466	(459)	-
Goods and services	(216,963)	7,796	-
Group VAT accounting	(59,480)	-	-
Balance owed to / (by) the company at 31 May 2017	£155,966	£8,611	£(559)




9. OPERATING LEASE COMMITMENTS
The company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:


Payments due:
Not later than one year		£9923
Later than one year and not later than five years		£20002