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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
Page
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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
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Sunbim Foods Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
8,522 
Current assets
Inventories
18,895 
Cash at bank and in hand
10,188 
29,083 
Creditors: amounts falling due within one year
(8,661)
Net current assets
20,422 
Total assets less current liabilities
28,944 
Creditors: amounts falling due after more than one year
(10,640)
Net assets
18,304 
Capital and reserves
Called up share capital
2 
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
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Sunbim Foods Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
4
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 
Depreciation
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 
Net book value
At 31 March 2024
522 
8,000 
8,522 
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Sunbim Foods Ltd Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
40 
Obligations under finance leases and hire purchase contracts
6,664 
Trade creditors
366 
Taxes and social security
1,501 
Accruals
90 
8,661 
6
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
5,729 
Obligations under finance leases and hire purchase contracts
4,911 
10,640 
7
Average number of employees
During the year the average number of employees was 2.
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