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Company Registration No. 07594914 (England and Wales)
Sun Street Creative Ltd Unaudited accounts for the year ended 30 April 2024
Sun Street Creative Ltd Unaudited accounts Contents
Page
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Sun Street Creative Ltd Company Information for the year ended 30 April 2024
Directors
Paul SMITH Sandra POOL
Company Number
07594914 (England and Wales)
Registered Office
20 Well Row Bayford Hertford SG13 8PW England
Accountants
Dianne Maiden AAT Licensed Accountant Ricson Accountancy Services Ltd 15 Duncombe Road Hertford SG14 3BY
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Sun Street Creative Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,291 
3,419 
Current assets
Debtors
3,720 
11,216 
Cash at bank and in hand
20,651 
- 
24,371 
11,216 
Creditors: amounts falling due within one year
(13,313)
(6,397)
Net current assets
11,058 
4,819 
Total assets less current liabilities
13,349 
8,238 
Creditors: amounts falling due after more than one year
(12,385)
(13,018)
Provisions for liabilities
Deferred tax
(622)
(622)
Net assets/(liabilities)
342 
(5,402)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
340 
(5,404)
Shareholders' funds
342 
(5,402)
For the year ending 30 April 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by
Sandra POOL Director Company Registration No. 07594914
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Sun Street Creative Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Sun Street Creative Ltd is a private company, limited by shares, registered in England and Wales, registration number 07594914. The registered office is 20 Well Row, Bayford, Hertford, SG13 8PW, 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The directors have considered the company's cash flow forecast for a period of 12 months from the date of approval of these financial statements and are satisfied that, taking account of possible changes in trading performance and the current funds available, the company is able to continue to operate for at least 12 months from the date of approval of these financial statements. Furthermore, the directors has committed to support the company by ensuring all liabilities are settled when due and will not recall the director's loan account such as to prejudice this position. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Sun Street Creative Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
23,069 
At 30 April 2024
23,069 
Depreciation
At 1 May 2023
19,650 
Charge for the year
1,128 
At 30 April 2024
20,778 
Net book value
At 30 April 2024
2,291 
At 30 April 2023
3,419 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,720 
2,462 
Other debtors
- 
8,754 
3,720 
11,216 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,475 
12,124 
VAT
3,726 
4,166 
Taxes and social security
4,112 
2,514 
Loans from directors
- 
(12,896)
Accruals
- 
489 
13,313 
6,397 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,385 
13,018 
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Sun Street Creative Ltd Notes to the Accounts for the year ended 30 April 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
622 
622 
2024 
2023 
£ 
£ 
Provision at start of year
622 
672 
Credited to the profit and loss account
- 
(50)
Provision at end of year
622 
622 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Repayable on demand
6,448 
- 
6,448 
- 
Repayable on demand
6,448 
- 
6,448 
- 
12,896 
- 
12,896 
- 
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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