REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 14 October 2022 to 31 March 2024 |
for |
Sugarfinery London Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 14 October 2022 to 31 March 2024 |
for |
Sugarfinery London Limited |
Sugarfinery London Limited (Registered number: 14420412) |
Contents of the Financial Statements |
for the Period 14 October 2022 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Sugarfinery London Limited |
Company Information |
for the Period 14 October 2022 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Military House |
24 Castle Street |
Chester |
Cheshire |
CH1 2DS |
Sugarfinery London Limited (Registered number: 14420412) |
Balance Sheet |
31 March 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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. |
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 Board of Directors and authorised for issue on |
Sugarfinery London Limited (Registered number: 14420412) |
Notes to the Financial Statements |
for the Period 14 October 2022 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Sugarfinery London Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling, which is the functional currency of the company, rounded to the nearest £1. |
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 |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
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 balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Going concern |
At the year end the company's liabilities exceeded its assets by £61,105 and as such the company's ability to continue to operate depends on the support of its Directors. The Financial Statements have been prepared on a going concern basis as the Directors intend to give their support for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Sugarfinery London Limited (Registered number: 14420412) |
Notes to the Financial Statements - continued |
for the Period 14 October 2022 to 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
Long | to | Plant and | and |
leasehold | property | machinery | fittings | Totals |
£ | £ | £ | £ | £ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary A | 1 | 60 |
Ordinary B | 1 | 40 |
100 |
Sugarfinery London Limited (Registered number: 14420412) |
Notes to the Financial Statements - continued |
for the Period 14 October 2022 to 31 March 2024 |
9. | RELATED PARTY DISCLOSURES |
During the period the Directors loaned to the company a total of £213,932 and were repaid a total of £41,102. The balance outstanding to the Directors at 31.03.2024 is £172,830. |