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REGISTERED NUMBER: 05193195 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Sun-rise Installations Ltd

Sun-rise Installations Ltd (Registered number: 05193195)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Sun-rise Installations Ltd (Registered number: 05193195)

Abridged Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,147 181,935

CURRENT ASSETS
Stocks 31,391 62,533
Debtors 256,953 154,308
Cash at bank and in hand 189,437 145,256
477,781 362,097
CREDITORS
Amounts falling due within one year 174,766 127,609
NET CURRENT ASSETS 303,015 234,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,162

416,423

CREDITORS
Amounts falling due after more than one
year

-

(33,928

)

PROVISIONS FOR LIABILITIES (28,002 ) (19,088 )
NET ASSETS 490,160 363,407

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 490,158 363,405
SHAREHOLDERS' FUNDS 490,160 363,407

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

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

Sun-rise Installations Ltd (Registered number: 05193195)

Abridged Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 April 2024 and were signed on its behalf by:





Mr K R Blowers - Director


Sun-rise Installations Ltd (Registered number: 05193195)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Sun-rise Installations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05193195

Registered office: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 20% on reducing balance
Office equipment - 25% on cost and 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 9 (2022 - 7 ) .

Sun-rise Installations Ltd (Registered number: 05193195)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 252,315
Additions 66,384
Disposals (31,776 )
At 31 July 2023 286,923
DEPRECIATION
At 1 August 2022 70,380
Charge for year 18,263
Eliminated on disposal (16,867 )
Transfer to ownership 16,098
Reclassification/transfer (16,098 )
At 31 July 2023 71,776
NET BOOK VALUE
At 31 July 2023 215,147
At 31 July 2022 181,935

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2022 62,104
Disposals (31,776 )
Transfer to ownership (30,328 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 25,681
Charge for year 7,285
Eliminated on disposal (16,867 )
Reclassification/transfer (16,098 )
At 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 (1 )
At 31 July 2022 36,423

Sun-rise Installations Ltd (Registered number: 05193195)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts - 28,347

The hire purchase liabilities are secured on the underlying assets.