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REGISTERED NUMBER: 06540843 (England and Wales)















Sundial Consulting Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Sundial Consulting Limited (Registered number: 06540843)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sundial Consulting Limited

Company Information
for the year ended 31 March 2023







Directors: A J Kelly
M L Kelly





Secretary: M L Kelly





Registered office: 250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP





Registered number: 06540843 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

Sundial Consulting Limited (Registered number: 06540843)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 5,747 2,892
Investments 5 - -
5,747 2,892

Current assets
Debtors 6 594,046 412,736
Cash at bank 17,243 73,435
611,289 486,171
Creditors
Amounts falling due within one year 7 422,353 440,149
Net current assets 188,936 46,022
Total assets less current liabilities 194,683 48,914

Provisions for liabilities 1,437 -
Net assets 193,246 48,914

Capital and reserves
Called up share capital 8 100 100
Retained earnings 193,146 48,814
Shareholders' funds 193,246 48,914

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





A J Kelly - Director


Sundial Consulting Limited (Registered number: 06540843)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Sundial Consulting 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.

2. Accounting policies

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 pound.

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

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover
Turnover represents the fair value of services provided during the period to clients. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from the ultimate parent company and is based on services provided and expenses incurred, but excludes VAT.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings25% reducing balance
Computers25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction. Financial liabilities classified as payable within one year are not amortised.


Sundial Consulting Limited (Registered number: 06540843)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

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.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 April 2022 1,460 5,470 6,930
Additions - 4,067 4,067
At 31 March 2023 1,460 9,537 10,997
Depreciation
At 1 April 2022 1,460 2,578 4,038
Charge for year - 1,212 1,212
At 31 March 2023 1,460 3,790 5,250
Net book value
At 31 March 2023 - 5,747 5,747
At 31 March 2022 - 2,892 2,892

5. Subsidiaries

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Name of undertaking Registered office Ownership %

Sundial Consulting LLC USA 100

Sundial Consulting Limited (Registered number: 06540843)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 9,600 88,723
Amounts owed by group undertakings 546,150 291,927
Other debtors 38,296 32,086
594,046 412,736

7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 179,130 153,338
Taxation and social security 209,055 150,971
Other creditors 34,168 135,840
422,353 440,149

8. Called up share capital

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

9. Related party transactions

Transactions with related parties
The company has taken advantage of the exemption from disclosing transactions with members within a wholly owned group.

Directors' transactions

Dividends totalling £739,000 (2022 - £559,000) were paid in the year in respect of shares held by the company's directors.