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REGISTERED NUMBER: 02186953 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2023

for

SUNNINGHILL CARPETS AND FLOORING LIMITED

SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUNNINGHILL CARPETS AND FLOORING LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: S C Webb





SECRETARY: S C Webb





REGISTERED OFFICE: Glade House
High Street
Sunninghill
Ascot
Berkshire
SL5 9NG





REGISTERED NUMBER: 02186953 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Balance Sheet
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,042 8,035

CURRENT ASSETS
Stocks 5 9,303 9,202
Debtors 6 54,415 84,952
Cash at bank and in hand 160,251 126,668
223,969 220,822
CREDITORS
Amounts falling due within one year 7 (125,105 ) (164,818 )
NET CURRENT ASSETS 98,864 56,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,906

64,039

PROVISIONS FOR LIABILITIES (1,148 ) (1,535 )
NET ASSETS 103,758 62,504

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 103,658 62,404
SHAREHOLDERS' FUNDS 103,758 62,504

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

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

The director acknowledges his 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.

SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Balance Sheet - continued
31 MAY 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 19 November 2023 and were signed by:





S C Webb - Director


SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023


1. COMPANY INFORMATION

Sunninghill Carpets and Flooring 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite any potential future adverse effects the company has adequate resources to continue in operational existence for the foreseeable future. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property - Straight line over 15 years
Improvements to property - Straight line over 15 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Leasehold to and
property property fittings
£    £    £   
COST
At 1 June 2022
and 31 May 2023 15,000 1,813 14,948
DEPRECIATION
At 1 June 2022 15,000 1,813 13,627
Charge for year - - 195
At 31 May 2023 15,000 1,813 13,822
NET BOOK VALUE
At 31 May 2023 - - 1,126
At 31 May 2022 - - 1,321

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 13,800 6,657 52,218
DEPRECIATION
At 1 June 2022 7,979 5,764 44,183
Charge for year 1,455 343 1,993
At 31 May 2023 9,434 6,107 46,176
NET BOOK VALUE
At 31 May 2023 4,366 550 6,042
At 31 May 2022 5,821 893 8,035

SUNNINGHILL CARPETS AND FLOORING LIMITED (REGISTERED NUMBER: 02186953)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS - continued


5. STOCKS
2023 2022
£    £   
Stocks 9,303 9,202

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,346 68,676
Other debtors - 3,000
Prepayments and accrued income 11,069 13,276
54,415 84,952

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 53,317 44,878
Corporation tax 20,370 32,192
Social security and other taxes 1,186 1,750
VAT 24,271 37,200
Other creditors 21,590 20,223
Directors' current accounts 511 25,075
Accrued expenses 3,860 3,500
125,105 164,818

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100