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Registered number: 10076269
Sharpstack Hosting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10076269
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 349,419 302,009
Tangible Assets 5 221,741 234,418
571,160 536,427
CURRENT ASSETS
Debtors 6 100,489 84,111
Cash at bank and in hand 43,843 94,499
144,332 178,610
Creditors: Amounts Falling Due Within One Year 7 (291,370 ) (191,003 )
NET CURRENT ASSETS (LIABILITIES) (147,038 ) (12,393 )
TOTAL ASSETS LESS CURRENT LIABILITIES 424,122 524,034
Creditors: Amounts Falling Due After More Than One Year 8 (67,688 ) (85,130 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,484 ) (56,484 )
NET ASSETS 299,950 382,420
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 299,948 382,418
SHAREHOLDERS' FUNDS 299,950 382,420
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Cole
Director
07/01/2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Sharpstack Hosting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10076269 . The registered office is Office 222, 25 Town Square, Stevenage, SG1 1BP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10% on Reducing Balance
Computer Equipment 25% on Reducing Balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 5)
7 5
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 331,318
Additions 65,800
As at 31 March 2025 397,118
Amortisation
As at 1 April 2024 29,309
Impairment losses 18,390
As at 31 March 2025 47,699
Net Book Value
As at 31 March 2025 349,419
As at 1 April 2024 302,009
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5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 136,221 247,866 384,087
Additions - 69,451 69,451
Disposals - (31,225 ) (31,225 )
As at 31 March 2025 136,221 286,092 422,313
Depreciation
As at 1 April 2024 21,687 127,982 149,669
Provided during the period 11,454 39,449 50,903
As at 31 March 2025 33,141 167,431 200,572
Net Book Value
As at 31 March 2025 103,080 118,661 221,741
As at 1 April 2024 114,534 119,884 234,418
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 94,200 79,936
Other debtors 6,289 4,175
100,489 84,111
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,437 17,433
Trade creditors 59,030 8,137
Other creditors 98,886 66,864
Taxation and social security 116,017 98,569
291,370 191,003
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 67,688 85,130
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9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,437 17,433
Later than one year and not later than five years 67,688 85,130
85,125 102,563
85,125 102,563
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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