1 March 2023 false No description of principal activity Taxfiler 2024.6 09998262business:PrivateLimitedCompanyLtd2023-03-012024-02-29 099982622023-02-28 099982622023-03-012024-02-29 09998262business:AuditExemptWithAccountantsReport2023-03-012024-02-29 09998262business:AbridgedAccounts2023-03-012024-02-29 099982622024-02-29 099982622023-02-28 09998262core:WithinOneYear2024-02-29 09998262core:WithinOneYear2023-02-28 09998262core:AfterOneYear2024-02-29 09998262core:AfterOneYear2023-02-28 09998262core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 09998262core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 09998262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 09998262core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 09998262core:PreviouslyStatedAmount2024-02-29 09998262core:PreviouslyStatedAmount2023-02-28 09998262business:SmallEntities2023-03-012024-02-29 09998262business:Director12023-03-012024-02-29 09998262countries:EnglandWales2023-03-012024-02-29 09998262business:RegisteredOffice2023-03-012024-02-29 09998262core:PlantMachinery2023-03-012024-02-29 09998262core:MotorVehicles2023-03-012024-02-29 09998262core:ComputerEquipment2023-03-012024-02-29 09998262business:OrdinaryShareClass12023-03-012024-02-29 09998262business:OrdinaryShareClass12022-03-012023-02-28 09998262business:Director112023-02-28 09998262business:Director112023-03-012024-02-29 09998262business:Director112024-02-29 099982622022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09998262 (England and Wales)
Sunfield Electrical Ltd Unaudited accounts for the year ended 29 February 2024
Sunfield Electrical Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,947 
39,086 
Current assets
Inventories
9,874 
11,946 
Debtors
150,006 
155,538 
159,880 
167,484 
Creditors: amounts falling due within one year
(108,655)
(104,911)
Net current assets
51,225 
62,573 
Total assets less current liabilities
81,172 
101,659 
Creditors: amounts falling due after more than one year
(47,194)
(54,934)
Provisions for liabilities
Deferred tax
(5,690)
(7,426)
Net assets
28,288 
39,299 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
28,188 
39,199 
Shareholders' funds
28,288 
39,299 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
James Stainsby Director Company Registration No. 09998262
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Sunfield Electrical Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sunfield Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 09998262. The registered office is 9 Sun Street, Stanningley, Pudsey, LS28 6DJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and Value Added Tax. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line basis
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Leasing and hire purchase contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Current taxation
Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date.
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Sunfield Electrical Ltd Notes to the Accounts for the year ended 29 February 2024
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date and are expected to apply to the reversal of the timing difference.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
53,013 
Additions
441 
At 29 February 2024
53,454 
Depreciation
At 1 March 2023
13,927 
Charge for the year
9,580 
At 29 February 2024
23,507 
Net book value
At 29 February 2024
29,947 
At 28 February 2023
39,086 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
James Stainsby
65,277 
70,385 
74,112 
61,550 
65,277 
70,385 
74,112 
61,550 
The above loan is included with in other debtors. Interest totalling £1,616 has been charged during the year at a rate of 2.25%.
- 4 -
Sunfield Electrical Ltd Notes to the Accounts for the year ended 29 February 2024
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
- 5 -