Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-3088false2023-07-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05390341 2023-07-01 2024-06-30 05390341 2022-07-01 2023-06-30 05390341 2024-06-30 05390341 2023-06-30 05390341 c:Director1 2023-07-01 2024-06-30 05390341 d:OfficeEquipment 2023-07-01 2024-06-30 05390341 d:OfficeEquipment 2024-06-30 05390341 d:OfficeEquipment 2023-06-30 05390341 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05390341 d:ComputerEquipment 2023-07-01 2024-06-30 05390341 d:ComputerEquipment 2024-06-30 05390341 d:ComputerEquipment 2023-06-30 05390341 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05390341 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05390341 d:Goodwill 2023-07-01 2024-06-30 05390341 d:Goodwill 2024-06-30 05390341 d:Goodwill 2023-06-30 05390341 d:ComputerSoftware 2024-06-30 05390341 d:ComputerSoftware 2023-06-30 05390341 d:CurrentFinancialInstruments 2024-06-30 05390341 d:CurrentFinancialInstruments 2023-06-30 05390341 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05390341 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05390341 d:ShareCapital 2024-06-30 05390341 d:ShareCapital 2023-06-30 05390341 d:SharePremium 2024-06-30 05390341 d:SharePremium 2023-06-30 05390341 d:RetainedEarningsAccumulatedLosses 2024-06-30 05390341 d:RetainedEarningsAccumulatedLosses 2023-06-30 05390341 c:FRS102 2023-07-01 2024-06-30 05390341 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05390341 c:FullAccounts 2023-07-01 2024-06-30 05390341 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05390341 2 2023-07-01 2024-06-30 05390341 6 2023-07-01 2024-06-30 05390341 d:Goodwill d:OwnedIntangibleAssets 2023-07-01 2024-06-30 05390341 d:ComputerSoftware d:OwnedIntangibleAssets 2023-07-01 2024-06-30 05390341 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 05390341










SUNFLORA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
SUNFLORA LIMITED
REGISTERED NUMBER: 05390341

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
335
2,402

Tangible assets
 5 
4,641
3,478

Investments
 6 
3,000
3,000

  
7,976
8,880

Current assets
  

Stocks
  
51,876
48,506

Debtors: amounts falling due within one year
 7 
650,061
491,289

Bank and cash balances
  
320,548
374,446

  
1,022,485
914,241

Creditors: amounts falling due within one year
 8 
(654,861)
(562,379)

Net current assets
  
 
 
367,624
 
 
351,862

Total assets less current liabilities
  
375,600
360,742

Provisions for liabilities
  

Deferred tax
  
(889)
(539)

Net assets
  
374,711
360,203


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
20,645
20,645

Profit and loss account
  
353,966
339,458

  
374,711
360,203


Page 1

 
SUNFLORA LIMITED
REGISTERED NUMBER: 05390341
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






I Smali-Maurel
Director

Date: 19 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Sunflora Limited (05390341) is a privately owned company limited by shares and incorporated in England & Wales. The registered office is Eden House, 64-66 High Street, Chobham, Surrey, GU24 8AA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

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

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 7

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Intangible assets




Website
Goodwill
Total

£
£
£



Cost


At 1 July 2023
3,000
78,236
81,236



At 30 June 2024

3,000
78,236
81,236



Amortisation


At 1 July 2023
1,921
76,914
78,835


Charge for the year on owned assets
744
1,322
2,066



At 30 June 2024

2,665
78,236
80,901



Net book value



At 30 June 2024
335
-
335



At 30 June 2023
1,079
1,322
2,401



Page 8

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
4,395
30,096
34,491


Additions
-
2,775
2,775


Disposals
-
(2,949)
(2,949)



At 30 June 2024

4,395
29,922
34,317



Depreciation


At 1 July 2023
4,395
26,618
31,013


Charge for the year on owned assets
-
1,612
1,612


Disposals
-
(2,949)
(2,949)



At 30 June 2024

4,395
25,281
29,676



Net book value



At 30 June 2024
-
4,641
4,641



At 30 June 2023
-
3,478
3,478


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 July 2023
3,000



At 30 June 2024
3,000




Page 9

 
SUNFLORA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Trade debtors
510,633
478,380

Amounts owed by participating interests
115,502
-

Other debtors
11,326
12,689

Prepayments and accrued income
12,600
220

650,061
491,289



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
341,366
300,378

Corporation tax
85,225
46,351

Other taxation and social security
167,039
163,019

Other creditors
55,212
32,789

Accruals and deferred income
6,019
19,842

654,861
562,379


 
Page 10