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Company Registration No. 06142163 (England and Wales)
Sunglasses for Sport Ltd Unaudited accounts for the year ended 31 March 2023
Sunglasses for Sport Ltd Unaudited accounts Contents
Page
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Sunglasses for Sport Ltd Company Information for the year ended 31 March 2023
Director
Denzil LEE
Secretary
Lesley Christine LEE
Company Number
06142163 (England and Wales)
Registered Office
WINTON HOUSE WINTON SQUARE BASINGSTOKE HAMPSHIRE RG21 8EN United Kingdom
Accountants
Cranleys Chartered Accountants Winton House Winton Square Basingstoke Hampshire RG21 8EN
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Sunglasses for Sport Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,092 
88 
Current assets
Inventories
70,000 
51,000 
Debtors
7,209 
4,709 
Cash at bank and in hand
4,931 
13,597 
82,140 
69,306 
Creditors: amounts falling due within one year
(44,293)
(40,850)
Net current assets
37,847 
28,456 
Total assets less current liabilities
44,939 
28,544 
Creditors: amounts falling due after more than one year
(35,621)
(24,423)
Net assets
9,318 
4,121 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,218 
4,021 
Shareholders' funds
9,318 
4,121 
For the year ending 31 March 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 November 2023 and were signed on its behalf by
Denzil LEE Director Company Registration No. 06142163
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Sunglasses for Sport Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sunglasses for Sport Ltd is a private company, limited by shares, registered in England and Wales, registration number 06142163. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, HAMPSHIRE, RG21 8EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,547 
- 
2,547 
Additions
- 
9,368 
9,368 
At 31 March 2023
2,547 
9,368 
11,915 
Depreciation
At 1 April 2022
2,459 
- 
2,459 
Charge for the year
22 
2,342 
2,364 
At 31 March 2023
2,481 
2,342 
4,823 
Net book value
At 31 March 2023
66 
7,026 
7,092 
At 31 March 2022
88 
- 
88 
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Sunglasses for Sport Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
7,209 
4,709 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,450 
7,000 
Trade creditors
33,170 
23,053 
Taxes and social security
4,673 
10,797 
44,293 
40,850 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,867 
24,423 
Other creditors
17,754 
- 
35,621 
24,423 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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