IRIS Accounts Production v23.2.0.158 06988701 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false 58232 43796 50534 140824 16795 126388 91971 58232 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure069887012022-03-31069887012023-03-31069887012022-04-012023-03-31069887012021-03-31069887012021-04-012022-03-31069887012022-03-3106988701ns16:EnglandWales2022-04-012023-03-3106988701ns15:PoundSterling2022-04-012023-03-3106988701ns11:Director12022-04-012023-03-3106988701ns11:Director22022-04-012023-03-3106988701ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106988701ns11:SmallEntities2022-04-012023-03-3106988701ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106988701ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106988701ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106988701ns11:FullAccounts2022-04-012023-03-310698870112022-04-012023-03-3106988701ns11:Director3432022-03-3106988701ns11:Director3432021-03-3106988701ns11:Director3432022-04-012023-03-3106988701ns11:Director3432021-04-012022-03-3106988701ns11:Director3432023-03-3106988701ns11:Director3432022-03-3106988701ns11:Director32022-04-012023-03-3106988701ns11:Director42022-04-012023-03-3106988701ns11:RegisteredOffice2022-04-012023-03-3106988701ns6:CurrentFinancialInstruments2023-03-3106988701ns6:CurrentFinancialInstruments2022-03-3106988701ns6:Non-currentFinancialInstruments2023-03-3106988701ns6:Non-currentFinancialInstruments2022-03-3106988701ns6:ShareCapital2023-03-3106988701ns6:ShareCapital2022-03-3106988701ns6:RetainedEarningsAccumulatedLosses2023-03-3106988701ns6:RetainedEarningsAccumulatedLosses2022-03-3106988701ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106988701ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3106988701ns6:PlantMachinery2022-04-012023-03-3106988701ns6:FurnitureFittings2022-04-012023-03-3106988701ns6:ComputerEquipment2022-04-012023-03-3106988701ns6:IntangibleAssetsOtherThanGoodwill2022-03-3106988701ns6:IntangibleAssetsOtherThanGoodwill2023-03-3106988701ns6:IntangibleAssetsOtherThanGoodwill2022-03-3106988701ns6:PlantMachinery2022-03-3106988701ns6:FurnitureFittings2022-03-3106988701ns6:ComputerEquipment2022-03-3106988701ns6:PlantMachinery2023-03-3106988701ns6:FurnitureFittings2023-03-3106988701ns6:ComputerEquipment2023-03-3106988701ns6:PlantMachinery2022-03-3106988701ns6:FurnitureFittings2022-03-3106988701ns6:ComputerEquipment2022-03-3106988701ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106988701ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3106988701ns6:WithinOneYear2023-03-3106988701ns6:WithinOneYear2022-03-3106988701ns6:BetweenOneFiveYears2023-03-3106988701ns6:BetweenOneFiveYears2022-03-3106988701ns6:AllPeriods2023-03-3106988701ns6:AllPeriods2022-03-3106988701ns11:Director112022-03-3106988701ns11:Director112021-03-3106988701ns11:Director112022-04-012023-03-3106988701ns11:Director112021-04-012022-03-3106988701ns11:Director112023-03-3106988701ns11:Director112022-03-3106988701ns11:Director442022-03-3106988701ns11:Director442021-03-3106988701ns11:Director442022-04-012023-03-3106988701ns11:Director442021-04-012022-03-3106988701ns11:Director442023-03-3106988701ns11:Director442022-03-31
REGISTERED NUMBER: 06988701 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SUNDOWN SOLUTIONS LIMITED

SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SUNDOWN SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K A Groves
H K M Groves
A M Boyle
S R Buchanan





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 06988701 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 64,358 38,339
64,358 38,339

CURRENT ASSETS
Debtors 6 1,277,890 733,518
Cash at bank 471,174 736,788
1,749,064 1,470,306
CREDITORS
Amounts falling due within one year 7 1,051,221 700,273
NET CURRENT ASSETS 697,843 770,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

762,201

808,372

CREDITORS
Amounts falling due after more than one year 8 (237,085 ) (332,762 )

PROVISIONS FOR LIABILITIES (8,100 ) (3,600 )
NET ASSETS 517,016 472,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 516,916 471,910
517,016 472,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:




H K M Groves - Director



S R Buchanan - Director


SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Sundown Solutions 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 invoiced services, excluding discounts. rebates and value added tax and recognised when the services are provided. Where a continuing right to receive income exists, additional turnover is recognised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 8,679
AMORTISATION
At 1 April 2022
and 31 March 2023 8,679
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 34,726 57,476 92,202
Additions 29,810 12,005 7,851 49,666
At 31 March 2023 29,810 46,731 65,327 141,868
DEPRECIATION
At 1 April 2022 - 22,486 31,377 53,863
Charge for year 4,472 4,585 14,590 23,647
At 31 March 2023 4,472 27,071 45,967 77,510
NET BOOK VALUE
At 31 March 2023 25,338 19,660 19,360 64,358
At 31 March 2022 - 12,240 26,099 38,339

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 598,157 294,133
Other debtors 679,733 439,385
1,277,890 733,518

SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 99,722 89,332
Trade creditors 421,163 153,662
Amounts owed to group undertakings 172,397 187,796
Taxation and social security 240,517 229,323
Other creditors 117,422 40,160
1,051,221 700,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 237,085 332,762

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 4,590 -
Between one and five years 11,858 -
16,448 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
H K M Groves and K A Groves
Balance outstanding at start of year 58,232 43,796
Amounts advanced 50,534 140,824
Amounts repaid (16,795 ) (126,388 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,971 58,232

A M Boyle
Balance outstanding at start of year 7,595 -
Amounts advanced 119,806 37,595
Amounts repaid (222 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 127,179 7,595

During the period under review, interest amounting to £3,740 (2022: £1,372) was charged on the director's overdrawn loan accounts.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

SUNDOWN SOLUTIONS LIMITED (REGISTERED NUMBER: 06988701)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Sundown Group Limited, a company incorporated in England.