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REGISTERED NUMBER: 03886374 (England and Wales)















Sunset Corporation Limited

Unaudited Financial Statements

for the Year Ended 30th November 2023






Sunset Corporation Limited (Registered number: 03886374)






Contents of the Financial Statements
for the year ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Sunset Corporation Limited

Company Information
for the year ended 30th November 2023







DIRECTOR: S S Fren





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 330 The Manor The Causeway
Great Billing
Northampton
NN3 9EX





REGISTERED NUMBER: 03886374 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Sunset Corporation Limited (Registered number: 03886374)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,200 6,975
Tangible assets 6 262 522
6,462 7,497

CURRENT ASSETS
Debtors 7 1,041 273
Cash at bank 1,194 2,051
2,235 2,324
CREDITORS
Amounts falling due within one year 8 12,471 9,983
NET CURRENT LIABILITIES (10,236 ) (7,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,774

)

(162

)

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (3,776 ) (164 )
SHAREHOLDERS' FUNDS (3,774 ) (162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

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 20th February 2024 and were signed by:





S S Fren - Director


Sunset Corporation Limited (Registered number: 03886374)

Notes to the Financial Statements
for the year ended 30th November 2023

1. STATUTORY INFORMATION

Sunset Corporation 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.

These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its director, who has confirmed his continuing support for a period of twelve months following approval of these financial statements.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 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.

Goodwill
Goodwill, is being amortised evenly over its estimated useful life of 10 years.

4. EMPLOYEES AND DIRECTORS

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

Sunset Corporation Limited (Registered number: 03886374)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 7,750
AMORTISATION
At 1st December 2022 775
Amortisation for year 775
At 30th November 2023 1,550
NET BOOK VALUE
At 30th November 2023 6,200
At 30th November 2022 6,975

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st December 2022
and 30th November 2023 8,895 782 9,677
DEPRECIATION
At 1st December 2022 8,894 261 9,155
Charge for year - 260 260
At 30th November 2023 8,894 521 9,415
NET BOOK VALUE
At 30th November 2023 1 261 262
At 30th November 2022 1 521 522

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 928 160
Other debtors 113 113
1,041 273

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 12,471 9,983

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 30th November 2023 or 30th November 2022.

Sunset Corporation Limited (Registered number: 03886374)

Notes to the Financial Statements - continued
for the year ended 30th November 2023

11. CAPITAL COMMITMENTS

There were no capital commitments as at 30th November 2023 or 30th November 2022.