0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 665 688 1,353 646 177 823 530 19 xbrli:pure xbrli:shares iso4217:GBP 07037788 2022-11-01 2023-10-31 07037788 2023-10-31 07037788 2022-10-31 07037788 2021-11-01 2022-10-31 07037788 2022-10-31 07037788 2021-10-31 07037788 bus:Director1 2022-11-01 2023-10-31 07037788 core:WithinOneYear 2023-10-31 07037788 core:WithinOneYear 2022-10-31 07037788 core:ShareCapital 2023-10-31 07037788 core:ShareCapital 2022-10-31 07037788 core:RetainedEarningsAccumulatedLosses 2022-10-31 07037788 bus:SmallEntities 2022-11-01 2023-10-31 07037788 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07037788 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07037788 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07037788 bus:FullAccounts 2022-11-01 2023-10-31 07037788 core:ComputerEquipment 2022-11-01 2023-10-31 07037788 core:ComputerEquipment 2022-10-31 07037788 core:ComputerEquipment 2023-10-31
COMPANY REGISTRATION NUMBER: 07037788
SUNRISE 24 HR. SERVICES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2023
SUNRISE 24 HR. SERVICES LTD
STATEMENT OF FINANCIAL POSITION
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
530
19
Current assets
Debtors
5
26,676
18,252
Cash at bank and in hand
63
4,660
---------
---------
26,739
22,912
Creditors: amounts falling due within one year
6
27,169
13,392
---------
---------
Net current (liabilities)/assets
( 430)
9,520
----
-------
Total assets less current liabilities
100
9,539
----
-------
Net assets
100
9,539
----
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,439
----
-------
Shareholder funds
100
9,539
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SUNRISE 24 HR. SERVICES LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
S Fava
Director
Company registration number: 07037788
SUNRISE 24 HR. SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, BN3 2DL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 November 2022
665
665
Additions
688
688
-------
-------
At 31 October 2023
1,353
1,353
-------
-------
Depreciation
At 1 November 2022
646
646
Charge for the year
177
177
-------
-------
At 31 October 2023
823
823
-------
-------
Carrying amount
At 31 October 2023
530
530
-------
-------
At 31 October 2022
19
19
-------
-------
5. Debtors
2023
2022
£
£
Other debtors
26,676
18,252
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
24,254
11,937
Other creditors
2,915
1,455
---------
---------
27,169
13,392
---------
---------
7. Related party transactions
The company was under the control of Miss S Fava throughout the current and previous period. Miss Fava is the managing director and majority shareholder. At 31 October 2023, the company was owed £26,676 (2022: £18,252) by SF Property Investments Ltd, a company under the common control of the director.