Registered number
03544125
Sunequip Limited
Filleted Accounts
30 April 2024
Sunequip Limited
Registered number: 03544125
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 798 602
Investments 4 157,525 157,525
158,323 158,127
Current assets
Debtors 5 275,759 335,804
Cash at bank and in hand 8,464 2,490
284,223 338,294
Creditors: amounts falling due within one year 6 (44,693) (109,692)
Net current assets 239,530 228,602
Total assets less current liabilities 397,853 386,729
Creditors: amounts falling due after more than one year 7 (33,333) (38,333)
Net assets 364,520 348,396
Capital and reserves
Called up share capital 194 194
Profit and loss account 364,326 348,202
Shareholders' funds 364,520 348,396
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P G Y Sun
Director
Approved by the board on 9 January 2025
Sunequip Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates:
Office Equipment 20% reducing balanace
Fixtures and fittings 20% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Fixture and fittings Total
£ £ £
Cost
At 1 May 2023 12,351 3,275 15,626
Additions 375 - 375
Disposals (320) - (320)
At 30 April 2024 12,406 3,275 15,681
Depreciation
At 1 May 2023 11,966 3,058 15,024
Charge for the year 89 68 157
On disposals (298) - (298)
At 30 April 2024 11,757 3,126 14,883
Net book value
At 30 April 2024 649 149 798
At 30 April 2023 385 217 602
4 Investments
Other
investments
£
Cost
At 1 May 2023 157,525
At 30 April 2024 157,525
5 Debtors 2024 2023
£ £
Trade debtors 14,400 27,199
Other debtors 261,359 308,605
275,759 335,804
6 Creditors: amounts falling due within one year 2024 2023
£ £
Loan account 5,001 5,001
Trade creditors 84,234 126,736
Taxation and social security costs 4,668 16,134
Other creditors (49,210) (38,179)
44,693 109,692
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,333 38,333
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P G Y Sun
Directors loan account (38,179) (11,031) - (49,210)
(38,179) (11,031) - (49,210)
9 Related party transactions
The company holds shares in Late Tuesday Night Productions Ltd these shares are shown as an investment on the balance sheet. A dividend of £20,000 was voted during the year. The sum of £32,500 is owing from Late Tuesday Night Productions Ltd at the year end.
Pink Buddha Ltd, who is also ultimatley owned and controlled by the same director as Sunequip Ltd, owes the company £227,850 at 30 April 2024. During the year advances of £24,000 were made and £26,250 was repaid.
10 Controlling party
The company is controlled by its director.
11 Other information
Sunequip Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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