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REGISTERED NUMBER: 11833130 (England and Wales)















Sunshine Wholefoods Ltd

Unaudited Financial Statements

for the year ended

29 February 2024






Sunshine Wholefoods Ltd (Registered number: 11833130)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5

Chartered Accountants' Report 6

Sunshine Wholefoods Ltd

Company Information
for the year ended 29 February 2024







DIRECTOR: M K Barrett





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 11833130 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Sunshine Wholefoods Ltd (Registered number: 11833130)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,282 16,642

CURRENT ASSETS
Stocks 10,262 10,367
Debtors 5 11,169 12,528
Cash at bank and in hand 11,318 17,616
32,749 40,511
CREDITORS
Amounts falling due within one year 6 (27,150 ) (39,115 )
NET CURRENT ASSETS 5,599 1,396
TOTAL ASSETS LESS CURRENT LIABILITIES 18,881 18,038

CREDITORS
Amounts falling due after more than one year 7 (16,271 ) (19,142 )

PROVISIONS FOR LIABILITIES (2,367 ) (2,971 )
NET ASSETS/(LIABILITIES) 243 (4,075 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 143 (4,175 )
SHAREHOLDERS' FUNDS 243 (4,075 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





M K Barrett - Director


Sunshine Wholefoods Ltd (Registered number: 11833130)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Sunshine Wholefoods Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Sunshine Wholefoods Ltd (Registered number: 11833130)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 242 21,856 1,358 23,456
Additions - - 791 791
At 29 February 2024 242 21,856 2,149 24,247
DEPRECIATION
At 1 March 2023 77 6,147 590 6,814
Charge for year 33 3,927 230 4,190
Eliminated on disposal - - (39 ) (39 )
At 29 February 2024 110 10,074 781 10,965
NET BOOK VALUE
At 29 February 2024 132 11,782 1,368 13,282
At 28 February 2023 165 15,709 768 16,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,169 12,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,871 2,871
Trade creditors 16,681 17,873
Taxation and social security 5,233 5,821
Other creditors 2,365 12,550
27,150 39,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,271 19,142

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,786 7,657

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A 1 75 75
25 Ordinary B 1 25 25
100 100

Sunshine Wholefoods Ltd (Registered number: 11833130)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


9. RELATED PARTY DISCLOSURES

At the end of the year, the company owed the director £1,140 (2023: £11,360) relating to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sunshine Wholefoods Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sunshine Wholefoods Ltd for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sunshine Wholefoods Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sunshine Wholefoods Ltd and state those matters that we have agreed to state to the director of Sunshine Wholefoods Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sunshine Wholefoods Ltd and its director for our work or for this report.

It is your duty to ensure that Sunshine Wholefoods Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sunshine Wholefoods Ltd. You consider that Sunshine Wholefoods Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sunshine Wholefoods Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


2 September 2024