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REGISTERED NUMBER: 05130922


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SUNSET BUILDING CO LIMITED

SUNSET BUILDING CO LIMITED (REGISTERED NUMBER: 05130922)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


SUNSET BUILDING CO LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: G Doherty
Mrs R Doherty





SECRETARY: Mrs R Doherty





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 05130922





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

SUNSET BUILDING CO LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SUNSET BUILDING CO LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages four to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


10 February 2025

SUNSET BUILDING CO LIMITED (REGISTERED NUMBER: 05130922)

BALANCE SHEET
31 May 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 5 -
200,787 Tangible assets 6 222,586
200,787 222,586

CURRENT ASSETS
342,297 Stocks 7 354,716
1,592,936 Debtors 8 2,407,901
2,003,083 Cash at bank and in hand 2,051,109
3,938,316 4,813,726
CREDITORS
685,343 Amounts falling due within one year 9 1,205,423
3,252,973 NET CURRENT ASSETS 3,608,303
3,453,760 TOTAL ASSETS LESS CURRENT
LIABILITIES

3,830,889

51,385 PROVISIONS FOR LIABILITIES 56,538
3,402,375 NET ASSETS 3,774,351

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
3,401,375 Retained earnings 3,773,351
3,402,375 SHAREHOLDERS' FUNDS 3,774,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:




Mrs R Doherty - Director


SUNSET BUILDING CO LIMITED (REGISTERED NUMBER: 05130922)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Sunset Building Co. Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows

Registered number: 05130922

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

The presentation currency of the financial statements is in the Pound Sterling (£)

The principal activity of the company during the year under review was that of plastering and building contractor.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006 has been amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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

Work in progress is valued at the lower of cost or net realisable value. Cost is defined as all direct expenditure with attributable overheads which the directors consider are directly attributable to the work in hand. Net realisable value is based on selling price less costs expected to be incurred to completion.

SUNSET BUILDING CO LIMITED (REGISTERED NUMBER: 05130922)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 1,100,000
AMORTISATION
At 1 June 2023
and 31 May 2024 1,100,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

SUNSET BUILDING CO LIMITED (REGISTERED NUMBER: 05130922)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 June 2023 406,798 63,528 55,826 281,725 5,719
Additions 99,886 - 330 97,948 1,608
Disposals (67,490 ) - - (67,490 ) -
At 31 May 2024 439,194 63,528 56,156 312,183 7,327
DEPRECIATION
At 1 June 2023 206,011 27,307 29,228 145,385 4,091
Charge for year 56,619 5,435 3,834 45,918 1,432
Eliminated on disposal (46,022 ) - - (46,022 ) -
At 31 May 2024 216,608 32,742 33,062 145,281 5,523
NET BOOK VALUE
At 31 May 2024 222,586 30,786 23,094 166,902 1,804
At 31 May 2023 200,787 36,221 26,598 136,340 1,628

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 55,891
Transfer to ownership (55,891 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 27,072
Transfer to ownership (27,072 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 28,819

7. STOCKS
2024 2023
£    £   
Closing stock & work in progress 354,716 342,297

SUNSET BUILDING CO LIMITED (REGISTERED NUMBER: 05130922)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,404,150 661,982
Glashedy Properties Limited 642,579 635,289
VAT 288,316 254,784
Sundry debtors & prepayments 72,856 40,881
2,407,901 1,592,936

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) - 22,476
Trade creditors 505,667 388,341
Tax 307,984 14,129
Social security & other taxes 21,899 24,060
Directors' current accounts 8,502 39,278
Sundry creditors & accruals 361,371 197,059
1,205,423 685,343

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year - 23,519

Finance charges repayable:
Within one year - 1,043

Net obligations repayable:
Within one year - 22,476

Non-cancellable operating leases
2024 2023
£    £   
Within one year 6,387 -
Between one and five years 7,390 -
13,777 -

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £416,500 (2023 - £208,250) were paid to the directors .