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Company No: 09082655 (England and Wales)

SUNVIT-D3 LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

SUNVIT-D3 LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

SUNVIT-D3 LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
SUNVIT-D3 LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS Alfred David Allen
Richard Oliver Allen
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 09082655 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
SUNVIT-D3 LIMITED

BALANCE SHEET

As at 30 June 2024
SUNVIT-D3 LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 3,992 22,325
Tangible assets 4 2,517 3,779
6,509 26,104
Current assets
Stocks 515,294 583,677
Debtors 5 768,081 660,070
Cash at bank and in hand 6 1,421,638 1,009,647
2,705,013 2,253,394
Creditors: amounts falling due within one year 7 ( 465,960) ( 427,204)
Net current assets 2,239,053 1,826,190
Total assets less current liabilities 2,245,562 1,852,294
Creditors: amounts falling due after more than one year 8 0 ( 45,166)
Provision for liabilities ( 301) ( 544)
Net assets 2,245,261 1,806,584
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,245,161 1,806,484
Total shareholder's funds 2,245,261 1,806,584

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Sunvit-D3 Limited (registered number: 09082655) were approved and authorised for issue by the Board of Directors on 03 October 2024. They were signed on its behalf by:

Richard Oliver Allen
Director
SUNVIT-D3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
SUNVIT-D3 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sunvit-D3 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Other intangible assets 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 July 2023 150,000 13,133 163,133
Disposals ( 150,000) 0 ( 150,000)
At 30 June 2024 0 13,133 13,133
Accumulated amortisation
At 01 July 2023 135,000 5,808 140,808
Charge for the financial year 15,000 3,333 18,333
Disposals ( 150,000) 0 ( 150,000)
At 30 June 2024 0 9,141 9,141
Net book value
At 30 June 2024 0 3,992 3,992
At 30 June 2023 15,000 7,325 22,325

4. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 July 2023 40,262 2,746 43,008
Additions 0 1,179 1,179
At 30 June 2024 40,262 3,925 44,187
Accumulated depreciation
At 01 July 2023 37,049 2,180 39,229
Charge for the financial year 2,070 371 2,441
At 30 June 2024 39,119 2,551 41,670
Net book value
At 30 June 2024 1,143 1,374 2,517
At 30 June 2023 3,213 566 3,779

5. Debtors

2024 2023
£ £
Trade debtors 750,336 648,410
Other debtors 17,745 11,660
768,081 660,070

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 1,421,638 1,009,647

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 186,658 132,363
Amounts owed to Group undertakings 45,195 108,300
Taxation and social security 160,675 122,202
Other creditors 73,432 64,339
465,960 427,204

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Amounts owed to Group undertakings 0 45,166

There are no amounts included above in respect of which any security has been given by the small entity.

SECURED DEBTS
Lloyds bank commercial finance limited has a fixed and floating charge against all the business assets.

9. Ultimate controlling party

Parent Company:

ADAllen Pharma Limited
Treviot House, 186-192 High Road, Ilford, Essex, IG1 1LR