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REGISTERED NUMBER: 00740564 (England and Wales)












SUNBEAM WATERCRESS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SUNBEAM WATERCRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R I Noble
Dr R M Noble
G H Noble
Mrs E J Noble



SECRETARY: Mrs E J Noble



REGISTERED OFFICE: Furland
Furland Farm, Pound Lane
Sherfield English
Romsey
Hampshire
SO51 6FJ



REGISTERED NUMBER: 00740564 (England and Wales)



BANKERS: TSB Bank plc
6 Market Place
Romsey
Hampshire
SO51 8YS

SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 70,857 57,823

CURRENT ASSETS
Stocks 1,000 1,500
Debtors 5 21,946 28,336
Cash at bank 6,899 1,270
29,845 31,106
CREDITORS
Amounts falling due within one year 6 (46,140 ) (37,301 )
NET CURRENT LIABILITIES (16,295 ) (6,195 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,562

51,628

CREDITORS
Amounts falling due after more than one
year

7

(10,473

)

(18,619

)

PROVISIONS FOR LIABILITIES 9 (7,404 ) (5,199 )
NET ASSETS 36,685 27,810

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 35,685 26,810
SHAREHOLDERS' FUNDS 36,685 27,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





G H Noble - Director


SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sunbeam Watercress Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% Straight line
Plant and machinery - 20% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 5 years

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 recognised in the income statement.

Assets under construction
Assets under construction are measured at transaction price. There is no depreciation policy at current and this will remain until such time that the asset is in use.

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.


SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Assets
Freehold under Plant and
property construction machinery
£ £ £
COST
At 1 April 2023 29,517 10,059 41,234
Additions - 19,723 2,227
Disposals - - (1,417 )
At 31 March 2024 29,517 29,782 42,044
DEPRECIATION
At 1 April 2023 9,499 - 30,363
Charge for year 590 - 2,833
Eliminated on disposal - - (1,417 )
At 31 March 2024 10,089 - 31,779
NET BOOK VALUE
At 31 March 2024 19,428 29,782 10,265
At 31 March 2023 20,018 10,059 10,871

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 37,003 1,755 119,568
Additions 2,025 - 23,975
Disposals - (459 ) (1,876 )
At 31 March 2024 39,028 1,296 141,667
DEPRECIATION
At 1 April 2023 20,140 1,743 61,745
Charge for year 7,506 13 10,942
Eliminated on disposal - (460 ) (1,877 )
At 31 March 2024 27,646 1,296 70,810
NET BOOK VALUE
At 31 March 2024 11,382 - 70,857
At 31 March 2023 16,863 12 57,823

SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,945 14,480
Other debtors 15,001 13,856
21,946 28,336

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 8,147 7,944
Trade creditors 16,475 10,481
Taxation and social security 15,625 10,691
Other creditors 5,893 8,185
46,140 37,301

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 10,473 18,619

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 9,000 9,000
Between one and five years 36,000 36,000
In more than five years 44,910 53,910
89,910 98,910

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 5,404 5,199
Other provisions 2,000 -
7,404 5,199

SUNBEAM WATERCRESS LIMITED (REGISTERED NUMBER: 00740564)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred tax
£
Balance at 1 April 2023 5,199
Accelerated capital allowances 205
Balance at 31 March 2024 5,404