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Logo On Report
Registered Number: 10017336
England and Wales

 

 

 

SUN ALLIANCE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Karanjit Taggar
Registered Number 10017336
Registered Office 1130 Stratford Road
Hall Green
Birmingham
B28 8AE
Secretary Kavita Taggar
1
  2024   2023
    £ £   £ £
Fixed assets   411      509 
Current assets 52,074      50,193   
Creditors: amount falling due within one year (24,940)     (18,730)  
Net current assets   27,134      31,463 
Total assets less current liabilities   27,545      31,972 
Creditors: amount falling due after more than one year   (24,555)     (31,008)
Net assets   2,990      964 
 

         
Capital and reserves   2,990      964 
 
NOTES TO THE ACCOUNTS

General Information
Sun Alliance Ltd is a private company, limited by shares, registered in England and Wales, registration number 10017336, registration address 1130 Stratford Road, Hall Green, Birmingham, B28 8AE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit
for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Computer Equipment 33.3% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2023 1,230    1,845    3,075 
Additions    
Disposals    
At 31 March 2024 1,230    1,845    3,075 
Depreciation
At 01 April 2023 836    1,731    2,567 
Charge for year 59    38    97 
On disposals    
At 31 March 2024 895    1,769    2,664 
Net book values
Closing balance as at 31 March 2024 335    76    411 
Opening balance as at 01 April 2023 394    115    509 


3.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 March 2025 and were signed by:


--------------------------------
Karanjit Taggar
Director
2