Registered number
09180597
SUNFLOWER LODGE LIMITED
Filleted Accounts
31 August 2024
SUNFLOWER LODGE LIMITED
Registered number: 09180597
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 65,708 61,120
65,708 61,120
Current assets
Debtors 4 27,685 58,553
Cash at bank and in hand 142,215 81,094
169,900 139,647
Creditors: amounts falling due within one year 5 (54,069) (40,814)
Net current assets 115,831 98,833
Total assets less current liabilities 181,539 159,953
Creditors: amounts falling due after more than one year 6 (8,166) (18,466)
Net assets 173,373 141,487
Capital and reserves
Called up share capital 100 100
Profit and loss account 173,273 141,387
Shareholders' funds 173,373 141,487
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.
Approved by the board on 20 February 2025
Mrs Lisa Oddie Mrs Rebecca Evans
Director Director
SUNFLOWER LODGE LIMITED
Notes to the Accounts
for the year ended 31 August 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Short leasehold 10% straight line
Fixtures, fittings, tools and equipment 15% reducing balance
Motor vehicles 25% reducing balance
Computer equipment 33% reducing balance
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.
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.
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 29 29
3 Tangible fixed assets
Short leasehold Fixtures and fittings Motor vehicles Computer equipment Total
£ £ £ £ £
Cost
At 1 September 2023 76,110 81,005 24,894 6,757 188,766
Additions 11,984 4,759 - - 16,743
Surplus on revaluation - - - - -
Disposals - - - - -
At 31 August 2024 88,094 85,764 24,894 6,757 205,509
Depreciation
At 1 September 2023 72,255 35,646 15,050 4,695 127,646
Charge for the year 2,094 7,187 2,461 413 12,155
Surplus on revaluation - - - - -
On disposals - - - - -
At 31 August 2024 74,349 42,833 17,511 5,108 139,801
Net book value
At 31 August 2024 13,745 42,931 7,383 1,649 65,708
At 31 August 2023 3,855 45,359 9,844 2,062 61,120
4 Debtors 2024 2023
£ £
Trade debtors 3,324 1,652
Amounts owed by group undertakings 5,920 8,524
Other debtors 18,441 48,377
27,685 58,553
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,054 9,808
Taxation and social security costs 38,794 24,496
Other creditors 5,221 6,510
54,069 40,814
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,166 18,466
8,166 18,466
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs Rebecca Evans 19,283 36,514 (51,512) 4,285
Mrs Lisa Oddie 28,553 36,618 (51,754) 13,417
47,836 73,132 (103,266) 17,702
8 Other information
SUNFLOWER LODGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 Apex Court
Pinchbeck
Spalding
Lincolnshire
PE11 3UL
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