Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-02-15falseNo description of principal activity40falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14663635 2023-02-14 14663635 2023-02-15 2024-03-31 14663635 2022-02-15 2023-02-14 14663635 2024-03-31 14663635 c:Director1 2023-02-15 2024-03-31 14663635 c:Director1 2024-03-31 14663635 c:RegisteredOffice 2023-02-15 2024-03-31 14663635 d:Buildings d:ShortLeaseholdAssets 2023-02-15 2024-03-31 14663635 d:Buildings d:ShortLeaseholdAssets 2024-03-31 14663635 d:PlantMachinery 2023-02-15 2024-03-31 14663635 d:PlantMachinery 2024-03-31 14663635 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-15 2024-03-31 14663635 d:OwnedOrFreeholdAssets 2023-02-15 2024-03-31 14663635 d:CurrentFinancialInstruments 2024-03-31 14663635 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14663635 d:ShareCapital 2024-03-31 14663635 d:RetainedEarningsAccumulatedLosses 2024-03-31 14663635 c:FRS102 2023-02-15 2024-03-31 14663635 c:AuditExempt-NoAccountantsReport 2023-02-15 2024-03-31 14663635 c:FullAccounts 2023-02-15 2024-03-31 14663635 c:PrivateLimitedCompanyLtd 2023-02-15 2024-03-31 14663635 d:WithinOneYear 2024-03-31 14663635 d:BetweenOneFiveYears 2024-03-31 14663635 e:PoundSterling 2023-02-15 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 14663635







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024


SUNNY PACKAGING LIMITED






































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SUNNY PACKAGING LIMITED
 


 
COMPANY INFORMATION


Director
Mr S Sharma (appointed 15 February 2023)




Registered number
14663635



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


SUNNY PACKAGING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


SUNNY PACKAGING LIMITED
REGISTERED NUMBER:14663635



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
189,262

  
189,262

Current assets
  

Debtors: amounts falling due within one year
 5 
735,773

Cash at bank and in hand
  
212

  
735,985

Creditors: amounts falling due within one year
 6 
(580,206)

Net current assets
  
 
 
155,779

Total assets less current liabilities
  
345,041

  

Net assets
  
345,041

Page 1

 


SUNNY PACKAGING LIMITED
REGISTERED NUMBER:14663635


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
Note
£

Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
345,040

  
345,041


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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: 




Mr S Sharma
Director

Date: 15 November 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SUNNY PACKAGING LIMITED
 


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

1.


General information

Sunny Packaging Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page. 
The accounts have been prepared from the date of incorporation 15 February 2023 to the year end 31 March 2024.

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

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

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.

Page 3

 


SUNNY PACKAGING LIMITED
 


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

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Plant and machinery
-
25%
reducing balance

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

 


SUNNY PACKAGING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 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.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 4


4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


Additions
125,000
85,683
210,683



At 31 March 2024

125,000
85,683
210,683



Depreciation


Charge for the period on owned assets
-
21,421
21,421



At 31 March 2024

-
21,421
21,421



Net book value



At 31 March 2024
125,000
64,262
189,262

Page 5

 


SUNNY PACKAGING LIMITED
 


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

5.


Debtors

2024
£


Trade debtors
458,476

Other debtors
262,623

Prepayments and accrued income
14,674

735,773



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
85,594

Corporation tax
116,084

Other taxation and social security
109,604

Other creditors
59,233

Accruals and deferred income
209,691

580,206



7.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
£


Not later than 1 year
49,000

Later than 1 year and not later than 5 years
43,828

92,828


8.


Related party transactions

Included within creditors falling due within one year are amounts owed to the director totalling £53,992.

 
Page 6