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REGISTERED NUMBER: 08398692 (England and Wales)














SUNKOSI LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023






SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SUNKOSI LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023







DIRECTORS: S F M Pendered
O W Pendered





REGISTERED OFFICE: 56 West Street
Shoreham-by-Sea
West Sussex
BN43 5WG





REGISTERED NUMBER: 08398692 (England and Wales)





ACCOUNTANTS: Flint Accounting Limited
Chartered Accountants
56 West Street
Shoreham by Sea
West Sussex
BN43 5WG

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SUNKOSI LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sunkosi Limited for the period ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sunkosi Limited, as a body, in accordance with the terms of our engagement letter dated 11 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Sunkosi Limited and state those matters that we have agreed to state to the Board of Directors of Sunkosi Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sunkosi Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sunkosi Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sunkosi Limited. You consider that Sunkosi Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Sunkosi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Flint Accounting Limited
Chartered Accountants
56 West Street
Shoreham by Sea
West Sussex
BN43 5WG


29 February 2024

SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 10,431

CURRENT ASSETS
Debtors 6 1,550 7,785
Cash at bank 16 1,180
1,566 8,965
CREDITORS
Amounts falling due within one year 7 34,357 11,725
NET CURRENT LIABILITIES (32,791 ) (2,760 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,791 ) 7,671

CREDITORS
Amounts falling due after more than one year 8 - 15,472
NET LIABILITIES (32,791 ) (7,801 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 (32,891 ) (7,901 )
SHAREHOLDERS' FUNDS (32,791 ) (7,801 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

BALANCE SHEET - continued
31 OCTOBER 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 26 February 2024 and were signed on its behalf by:





S F M Pendered - Director


SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023


1. STATUTORY INFORMATION

Sunkosi 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 presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

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

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 1,386 6,877 16,495 1,760 26,518
Disposals (1,386 ) (6,877 ) (16,495 ) (1,760 ) (26,518 )
At 31 October 2023 - - - - -
DEPRECIATION
At 1 May 2022 1,194 3,697 9,536 1,660 16,087
Charge for period 66 1,093 2,175 100 3,434
Eliminated on disposal (1,260 ) (4,790 ) (11,711 ) (1,760 ) (19,521 )
At 31 October 2023 - - - - -
NET BOOK VALUE
At 31 October 2023 - - - - -
At 30 April 2022 192 3,180 6,959 100 10,431

SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 16,495
Disposals (16,495 )
At 31 October 2023 -
DEPRECIATION
At 1 May 2022 9,536
Charge for period 2,175
Eliminated on disposal (11,711 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 30 April 2022 6,959

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contracts - 1,710
Other debtors 1,550 6,075
1,550 7,785

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,422
Hire purchase contracts (see note 9) - 2,170
Trade creditors 186 338
Taxation and social security 234 3,493
Other creditors 33,937 3,302
34,357 11,725

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 8,302
Hire purchase contracts (see note 9) - 7,170
- 15,472

SUNKOSI LIMITED (REGISTERED NUMBER: 08398692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 31 OCTOBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 2,170
Between one and five years - 7,170
- 9,340

10. RESERVES
Retained
earnings
£   

At 1 May 2022 (7,901 )
Deficit for the period (24,990 )
At 31 October 2023 (32,891 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2023 and the year ended 30 April 2022:

2023 2022
£    £   
O W Pendered and S F M Pendered
Balance outstanding at start of period - 13,435
Amounts repaid - (13,435 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Included in other creditors (note 7) s £33,377 owed to the directors. The loan is interest free.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.