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REGISTERED NUMBER: 12256686 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

SUNS LIFESTYLE LTD

SUNS LIFESTYLE LTD (REGISTERED NUMBER: 12256686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUNS LIFESTYLE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: R E C Gray
R A Cranmer





REGISTERED OFFICE: Unit 1&2 The Heron Country Club
Brentwood Road
Herongate
Brentwood
Essex
CM13 3LW





REGISTERED NUMBER: 12256686 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

SUNS LIFESTYLE LTD (REGISTERED NUMBER: 12256686)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 43,889 36,354

CURRENT ASSETS
Stocks 2,230,036 1,106,550
Debtors 5 148,073 -
Cash at bank and in hand 195,201 211,556
2,573,310 1,318,106
CREDITORS
Amounts falling due within one year 6 (1,454,558 ) (519,712 )
NET CURRENT ASSETS 1,118,752 798,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,641

834,748

CREDITORS
Amounts falling due after more than one year 7 (254,279 ) (246,462 )

PROVISIONS FOR LIABILITIES (9,585 ) -
NET ASSETS 898,777 588,286

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 895,777 585,286
898,777 588,286

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

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

SUNS LIFESTYLE LTD (REGISTERED NUMBER: 12256686)

BALANCE SHEET - continued
31ST 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 17th April 2024 and were signed on its behalf by:





R A Cranmer - Director


SUNS LIFESTYLE LTD (REGISTERED NUMBER: 12256686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Suns Lifestyle 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 the cost less estimated residual value of each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SUNS LIFESTYLE LTD (REGISTERED NUMBER: 12256686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 87,388
Additions 39,176
At 31st October 2023 126,564
DEPRECIATION
At 1st November 2022 51,034
Charge for year 31,641
At 31st October 2023 82,675
NET BOOK VALUE
At 31st October 2023 43,889
At 31st October 2022 36,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 110,108 -
Other debtors 37,965 -
148,073 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 116,042 -
Hire purchase contracts 8,169 -
Trade creditors 254,605 303,902
Taxation and social security 480,632 140,360
Other creditors 595,110 75,450
1,454,558 519,712

SUNS LIFESTYLE LTD (REGISTERED NUMBER: 12256686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 241,159 -
Hire purchase contracts 13,120 -
Other creditors - 246,462
254,279 246,462

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors £295,621 (2022: £137,658).

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £3,266 from Ibiza Booked Ltd, a company in which the directors have an interest.