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REGISTERED NUMBER: 09998262 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SUNFIELD ELECTRICAL LTD

SUNFIELD ELECTRICAL LTD (REGISTERED NUMBER: 09998262)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUNFIELD ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr J Stainsby





REGISTERED OFFICE: 9 Sun Street
Stanningley
Pudsey
West Yorkshire
LS28 6DJ





REGISTERED NUMBER: 09998262 (England and Wales)





ACCOUNTANTS: Tasker Accounting Services Limited
3 Feast Field
Horsforth
Leeds
West Yorkshire
LS18 4TJ

SUNFIELD ELECTRICAL LTD (REGISTERED NUMBER: 09998262)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,086 5,699

CURRENT ASSETS
Debtors 5 167,484 144,027
Cash at bank - 28
167,484 144,055
CREDITORS
Amounts falling due within one year 6 104,911 56,529
NET CURRENT ASSETS 62,573 87,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,659

93,225

CREDITORS
Amounts falling due after more than one
year

7

(54,934

)

(20,914

)

PROVISIONS FOR LIABILITIES (7,426 ) (1,083 )
NET ASSETS 39,299 71,228

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,199 71,128
39,299 71,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

SUNFIELD ELECTRICAL LTD (REGISTERED NUMBER: 09998262)

BALANCE SHEET - continued
28 FEBRUARY 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 director and authorised for issue on 21 November 2023 and were signed by:





Mr J Stainsby - Director


SUNFIELD ELECTRICAL LTD (REGISTERED NUMBER: 09998262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Sunfield Electrical Ltd 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.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 6 (2022 - 5 ) .

SUNFIELD ELECTRICAL LTD (REGISTERED NUMBER: 09998262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 March 2022 1,912 16,923 790 19,625
Additions 1,391 49,116 - 50,507
Disposals (196 ) (16,923 ) - (17,119 )
At 28 February 2023 3,107 49,116 790 53,013
DEPRECIATION
At 1 March 2022 491 12,908 527 13,926
Charge for year 396 12,279 263 12,938
Eliminated on disposal (29 ) (12,908 ) - (12,937 )
At 28 February 2023 858 12,279 790 13,927
NET BOOK VALUE
At 28 February 2023 2,249 36,837 - 39,086
At 28 February 2022 1,421 4,015 263 5,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Trade debtors 52,454 56,270
Other debtors 115,030 87,757
167,484 144,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Bank loans and overdrafts 15,145 5,783
Hire purchase contracts 4,380 -
Trade creditors 74,386 31,769
Taxation and social security 7,269 16,185
Other creditors 3,731 2,792
104,911 56,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£ £
Bank loans 20,788 20,914
Hire purchase contracts 34,146 -
54,934 20,914

SUNFIELD ELECTRICAL LTD (REGISTERED NUMBER: 09998262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£ £
Mr J Stainsby
Balance outstanding at start of year 46,093 50,150
Amounts advanced 90,170 46,320
Amounts repaid (70,986 ) (50,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,277 46,093