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REGISTERED NUMBER: 06199261 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Sun Harvest Ltd

Sun Harvest Ltd (Registered number: 06199261)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sun Harvest Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B Erguven





SECRETARY: M Ipekci





REGISTERED OFFICE: 88 Boundary Road
Hove
East Sussex
BN3 7GA





REGISTERED NUMBER: 06199261 (England and Wales)





ACCOUNTANTS: Clamp Boxall Ltd
88 Boundary Road
Hove
East Sussex
BN3 7GA

Sun Harvest Ltd (Registered number: 06199261)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 65,000 95,000
Tangible assets 5 117,342 137,033
Investments 6 100 100
Investment property 7 937,090 937,090
1,119,532 1,169,223

CURRENT ASSETS
Stocks 164,234 132,812
Debtors 8 603,977 722,624
Prepayments and accrued income 34,170 28,460
Cash at bank and in hand 164,698 119,960
967,079 1,003,856
CREDITORS
Amounts falling due within one year 9 822,408 816,095
NET CURRENT ASSETS 144,671 187,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,203

1,356,984

CREDITORS
Amounts falling due after more than one
year

10

(379,012

)

(487,659

)

PROVISIONS FOR LIABILITIES (33,865 ) (33,232 )

ACCRUALS AND DEFERRED INCOME (8,558 ) (16,278 )
NET ASSETS 842,768 819,815

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 12 56,700 56,700
Retained earnings 785,968 763,015
SHAREHOLDERS' FUNDS 842,768 819,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sun Harvest Ltd (Registered number: 06199261)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





B Erguven - Director


Sun Harvest Ltd (Registered number: 06199261)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sun Harvest Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts where applicable, rebates, and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% on 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and other investments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 balance sheet date.


Sun Harvest Ltd (Registered number: 06199261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 balance sheet 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 and loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 160,000
AMORTISATION
At 1 May 2023 65,000
Charge for year 30,000
At 30 April 2024 95,000
NET BOOK VALUE
At 30 April 2024 65,000
At 30 April 2023 95,000

Sun Harvest Ltd (Registered number: 06199261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 12,115 357,902 370,017
Additions - 13,691 13,691
Disposals - (24,990 ) (24,990 )
At 30 April 2024 12,115 346,603 358,718
DEPRECIATION
At 1 May 2023 1,817 231,167 232,984
Charge for year 606 30,301 30,907
Eliminated on disposal - (22,515 ) (22,515 )
At 30 April 2024 2,423 238,953 241,376
NET BOOK VALUE
At 30 April 2024 9,692 107,650 117,342
At 30 April 2023 10,298 126,735 137,033

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 937,090
NET BOOK VALUE
At 30 April 2024 937,090
At 30 April 2023 937,090

Investment property is shown at fair value as measured by the director, B Erguven.

Sun Harvest Ltd (Registered number: 06199261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 343,116 420,511
Amounts owed by group undertakings 249,567 298,870
Other debtors 11,294 3,243
603,977 722,624

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 76,772 76,772
Hire purchase contracts - 16,154
Trade creditors 407,536 382,143
Taxation and social security 39,723 46,576
Other creditors 298,377 294,450
822,408 816,095

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 369,637 440,784
Other creditors 9,375 46,875
379,012 487,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 126,649 197,796

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 446,409 517,556

Charges are secured on the Company's freehold assets by National Westminster Bank Plc. These are registered at Companies House.

12. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 56,700

Sun Harvest Ltd (Registered number: 06199261)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

13. OTHER FINANCIAL COMMITMENTS

At the year end, the company had total commitments of £82,500 (2023 - £ 78,940).