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REGISTERED NUMBER: 13696570 (England and Wales)















SUNFLOWER LOUNGE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SUNFLOWER LOUNGE LTD (REGISTERED NUMBER: 13696570)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


SUNFLOWER LOUNGE LTD (REGISTERED NUMBER: 13696570)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 618 549

CURRENT ASSETS
Stocks 452 573
Debtors 5 1,015 96
Cash at bank 39,594 20,456
41,061 21,125
CREDITORS
Amounts falling due within one year 6 35,189 21,587
NET CURRENT ASSETS/(LIABILITIES) 5,872 (462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,490

87

RESERVES
Retained earnings 6,490 87
6,490 87

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.

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 30 October 2023 and were signed on its behalf by:





Mrs H C Davies - Director


SUNFLOWER LOUNGE LTD (REGISTERED NUMBER: 13696570)

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

1. STATUTORY INFORMATION

Sunflower Lounge Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13696570

Registered office: 26 Wimmerfield Drive
Killay
Swansea
West Glamorgan
SA2 7BR

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 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.

Grants received
Monies received as grants from third party donors as contributions towards capital and revenue expenditures are matched to the capital and revenue expenditures expended in the accounting period, any balance in excess of those expenditures is carried forward and will be accounted for in future accounting periods.

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 period comprises current 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 tax 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

SUNFLOWER LOUNGE LTD (REGISTERED NUMBER: 13696570)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 600
Additions 240
Disposals (50 )
At 31 March 2023 790
DEPRECIATION
At 1 April 2022 51
Charge for year 126
Eliminated on disposal (5 )
At 31 March 2023 172
NET BOOK VALUE
At 31 March 2023 618
At 31 March 2022 549

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,015 96

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments received in advance 1,470 9,976
Trade creditors 156 72
Tax 1,357 -
Directors' current accounts 4,699 3,075
Accrued expenses 840 964
Deferred government grants 26,667 7,500
35,189 21,587