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 2018

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

SECRETARY:

Mrs Yvonne Futter

REGISTERED OFFICE:

49 Castle Rising Road

South Wootton

King'S Lynn

Norfolk

PE30 3JA

REGISTERED NUMBER:

04730873 (England and Wales)

ACCOUNTANTS:

Steve Pye & Co.

Chartered Certified Accountants

The Pink House

Estuary Road

King's Lynn

Norfolk

PE30 2HJ

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 2018 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

The Pink House

Estuary Road

King's Lynn

Norfolk

PE30 2HJ

23 November 2018

FIXED ASSETS

Tangible assets

4

9,925

4,250

CURRENT ASSETS

Stocks

505

495

Debtors

5

1,080

213

Cash at bank

17,583

20,339

19,168

21,047

CREDITORS

Amounts falling due within one year

6

19,138

14,016

NET CURRENT ASSETS

30

7,031

TOTAL ASSETS LESS CURRENT LIABILITIES

9,955

11,281

PROVISIONS FOR LIABILITIES

1,886

808

NET ASSETS

8,069

10,473

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,969

10,373

8,069

10,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 23 November 2018 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Motor vehicles 12.5% straight line

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2017

9,200

-

9,200

Additions

-

7,800

7,800

At 30 June 2018

9,200

7,800

17,000

DEPRECIATION

At 1 July 2017

4,950

-

4,950

Charge for year

1,150

975

2,125

At 30 June 2018

6,100

975

7,075

NET BOOK VALUE

At 30 June 2018

3,100

6,825

9,925

At 30 June 2017

4,250

-

4,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

1,080

213

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Payments on account

13,633

10,639

Trade creditors

1,247

-

Taxation and social security

1,173

1,619

Other creditors

3,085

1,758

19,138

14,016