Registered number
04007690
Sunshine Clinical Limited
Filleted Accounts
31 May 2024
Sunshine Clinical Limited
Registered number: 04007690
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 40,928 57,468
Investments 4 45,750 45,750
86,678 103,218
Current assets
Debtors 5 403,097 295,065
Cash at bank and in hand 27,984 536,431
431,081 831,496
Creditors: amounts falling due within one year 6 (70,073) (64,720)
Net current assets 361,008 766,776
Net assets 447,686 869,994
Capital and reserves
Called up share capital 3 3
Profit and loss account 447,683 869,991
Shareholders' funds 447,686 869,994
The directors are 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 directors acknowledge their 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.
Dr Gary Acton
Director
Approved by the board on 9 January 2025
Sunshine Clinical Limited
Notes to the Accounts
for the year ended 31 May 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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 5 years
Fixtures and fittings over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually 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 and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 32,129 93,070 125,199
Additions - 2,637 2,637
At 31 May 2024 32,129 95,707 127,836
Depreciation
At 1 June 2023 19,235 48,496 67,731
Charge for the year 3,684 15,493 19,177
At 31 May 2024 22,919 63,989 86,908
Net book value
At 31 May 2024 9,210 31,718 40,928
At 31 May 2023 12,894 44,574 57,468
4 Investments
Other
investments
£
Cost
At 1 June 2023 45,750
At 31 May 2024 45,750
5 Debtors 2024 2023
£ £
Trade debtors 7,200 26,335
Amounts owed by group undertakings and undertakings in which the company has a participating interest 383,246 233,730
Amounts owed by directors 4,145 26,494
Other debtors 8,506 8,506
403,097 295,065
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,300 -
Taxation and social security costs 53,600 63,820
Other creditors 15,173 900
70,073 64,720
7 Other information
Sunshine Clinical Limited is a private company limited by shares and incorporated in England. Its registered office is:
Yatton Court
Beaford
Winkleigh
Devon
EX19 8AH
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