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Registered number: 05223487

SUN AND SEED LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2022


SUN AND SEED LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2022
DIRECTORS
S Popovic
REGISTERED OFFICE
Unit 2, Lyon Close
Woburn Industrial Estate
Kempston
Bedfordshire
MK42 7SB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05223487

SUN AND SEED LIMITED

ACCOUNTS
FOR THEYEARENDED31 OCTOBER 2022
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SUN AND SEED LIMITED

BALANCE SHEET AT 31 October 2022
20222021
Notes££
FIXED ASSETS
Tangible assets3151,717152,196
CURRENT ASSETS
Stock322,000335,749
Debtors586,190288,722
Cash at bank and in hand71,27697,891
479,466722,362
CREDITORS: Amounts falling due within one year6385,481602,653
NET CURRENT ASSETS93,985119,709
TOTAL ASSETS LESS CURRENT LIABILITIES245,702271,905
CREDITORS: Amounts falling due after more than one year745,762113,179
PROVISIONS FOR LIABILITIES AND CHARGES819,15211,126
NET ASSETS180,788147,600
CAPITAL AND RESERVES
Called up share capital91,0001,000
Profit and loss account179,788146,600
SHAREHOLDERS' FUNDS180,788147,600
For the year ending 31 October 2022 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 20 October 2023 and signed on their behalf by
.............................
S Popovic
Director

SUN AND SEED LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2022
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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
During the year under review the directors revised the estimated lives of the assets disclosed as equipment from three to between six and seven years.
Land And Buildingsstraight line33.3%
Equipmentreducing balance15%
1c. 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.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

SUN AND SEED LIMITED

2. EMPLOYEES
20222021
No.No.
Average number of employees1210
3. TANGIBLE FIXED ASSETS
Land And
BuildingsEquipmentTotal
£££
Cost
At 1 November 202178,213551,591629,804
Additions-58,47458,474
Disposals-(3,413)(3,413)
At 31 October 202278,213606,652684,865
Depreciation
At 1 November 202170,653406,955477,608
Disposals-(3,413)(3,413)
For the year7,56051,39358,953
At 31 October 202278,213454,935533,148
Net Book Amounts
At 31 October 2022-151,717151,717
At 31 October 20217,560144,636152,196
4. STOCK 20222021
££
Stock comprises:
Stock322,000335,749
322,000335,749
5. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors85,695288,227
Other debtors495495
86,190288,722

SUN AND SEED LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Bank Loan52,19946,311
Trade loans65,39494,234
Trade creditors41,306105,469
Other creditors211,481221,441
Deferred income15,101135,198
385,481602,653
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (secured) >1yr45,76297,961
Deferred income>1yr-15,218
45,762113,179
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation19,15211,126
19,15211,126
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000

SUN AND SEED LIMITED

10. GUARANTEES AND OTHER FINANCILA COMMITMENTS
Total financial commitments not recognised in these accounts amount to £353,051(2021: £ 131,312)