Company Registration No. 11904171 (England and Wales)
Sunbim Foods Ltd
Unaudited accounts
for the year ended 31 March 2024
Sunbim Foods Ltd
Unaudited accounts
Contents
Sunbim Foods Ltd
Company Information
for the year ended 31 March 2024
Directors
OMOJU, Sunday James
OMOJU, Olubukola Ishola
Company Number
11904171 (England and Wales)
Registered Office
103 COMMERCIAL STREET
NEWPORT
NP20 1LU
WALES
Accountants
XEN ACCOUNTANTS LTD
102 A COMMERCIAL STREET
NEWPORT
NP20 1LU
Sunbim Foods Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
10,188
Creditors: amounts falling due within one year
(8,661)
Total assets less current liabilities
28,944
Creditors: amounts falling due after more than one year
(10,640)
Profit and loss account
18,302
Shareholders' funds
18,304
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by
OMOJU, Sunday James
Director
Company Registration No. 11904171
Sunbim Foods Ltd
Notes to the Accounts
for the year ended 31 March 2024
Sunbim Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 11904171. The registered office is 103 COMMERCIAL STREET, NEWPORT, NP20 1LU, WALES.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
15% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
870
20,000
20,870
At 31 March 2024
870
20,000
20,870
At 1 April 2023
174
9,000
9,174
Charge for the year
174
3,000
3,174
At 31 March 2024
348
12,000
12,348
At 31 March 2024
522
8,000
8,522
Sunbim Foods Ltd
Notes to the Accounts
for the year ended 31 March 2024
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Creditors: amounts falling due within one year
2024
Obligations under finance leases and hire purchase contracts
6,664
Taxes and social security
1,501
6
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
4,911
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Average number of employees
During the year the average number of employees was 2.