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REGISTERED NUMBER: 08964765















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Sun Essences Ltd

Sun Essences Ltd (Registered number: 08964765)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sun Essences Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs V A Williamson
Mrs J Turner





REGISTERED OFFICE: Unit 1, Alby Crafts
Cromer Road,
Erpingham
Norfolk
NR11 7EQ





REGISTERED NUMBER: 08964765





ACCOUNTANTS: Harrison & Co.
15 John Franklin Way
Erpingham
Norfolk
NR11 7AZ

Sun Essences Ltd (Registered number: 08964765)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 700 1,400
Tangible assets 5 394 526
Investments 6 - 3,400
1,094 5,326

CURRENT ASSETS
Stocks 2,751 5,395
Debtors 7 1,670 263
Cash at bank and in hand 43,579 26,839
48,000 32,497
CREDITORS
Amounts falling due within one year 8 20,319 16,987
NET CURRENT ASSETS 27,681 15,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,775

20,836

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 28,774 20,835
28,775 20,836

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.

Sun Essences Ltd (Registered number: 08964765)

Balance Sheet - 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 28 October 2023 and were signed on its behalf by:




Mrs V A Williamson - Director



Mrs J Turner - Director


Sun Essences Ltd (Registered number: 08964765)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sun Essences Ltd is a private company, limited by shares , registered in Not specified/Other. 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 the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

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 etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Sun Essences Ltd (Registered number: 08964765)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 7,000
AMORTISATION
At 1 April 2022 5,600
Charge for year 700
At 31 March 2023 6,300
NET BOOK VALUE
At 31 March 2023 700
At 31 March 2022 1,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,763
DEPRECIATION
At 1 April 2022 1,237
Charge for year 132
At 31 March 2023 1,369
NET BOOK VALUE
At 31 March 2023 394
At 31 March 2022 526

Sun Essences Ltd (Registered number: 08964765)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 3,400
Disposals (3,400 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 3,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,670 263

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 23 945
Taxation and social security 5,370 2,745
Other creditors 14,926 13,297
20,319 16,987

Other Creditors includes an amount owed to the director of £13,826 (2022 : £12,196), which is an interest free loan, repayable on demand.