SUNGROVE LIMITED

Company Registration Number:
10867139 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

SUNGROVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

SUNGROVE LIMITED

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 15,717 15,380
Total fixed assets: 15,717 15,380
Current assets
Stocks: 6,993 6,878
Debtors:   3,344 0
Cash at bank and in hand: 132,474 172,526
Total current assets: 142,811 179,404
Creditors: amounts falling due within one year:   (107,670) (101,341)
Net current assets (liabilities): 35,141 78,063
Total assets less current liabilities: 50,858 93,443
Creditors: amounts falling due after more than one year:   (18,208) (27,200)
Provision for liabilities: (1,867) (1,258)
Total net assets (liabilities): 30,783 64,985
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 30,782 64,984
Shareholders funds: 30,783 64,985

The notes form part of these financial statements

SUNGROVE LIMITED

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2024
and signed on behalf of the board by:

Name: Mr V Mulhern
Status: Director

The notes form part of these financial statements

SUNGROVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:- Fixtures and fittings 25% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Other accounting policies

Going Concern At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements

SUNGROVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 1 2

SUNGROVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 39,247
Additions 10,887
At 31 August 2023 50,134
Depreciation
At 01 September 2022 23,867
Charge for year 10,550
At 31 August 2023 34,417
Net book value
At 31 August 2023 15,717
At 31 August 2022 15,380