Company registration number 14167267 (England and Wales)
SUN BEAR BIOFUTURE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
SUN BEAR BIOFUTURE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SUN BEAR BIOFUTURE LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
30 September 2024
30 June 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,009
3,609
Current assets
Debtors
4
27,633
7,859
Cash at bank and in hand
241,023
458,673
268,656
466,532
Creditors: amounts falling due within one year
5
(34,563)
(11,620)
Net current assets
234,093
454,912
Net assets
235,102
458,521
Capital and reserves
Called up share capital
6
19
19
Share premium account
619,994
619,994
Profit and loss reserves
(384,911)
(161,492)
Total equity
235,102
458,521
For the financial period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 13 February 2025 and are signed on its behalf by:
Mr B D C Wilding
Director
Company registration number 14167267 (England and Wales)
SUN BEAR BIOFUTURE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Sun Bear Biofuture Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 88 Hill Village Road, Sutton Coldfield, West Midlands, B75 5BE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
50% Straight Line
Computers
50% Straight Line
1.3
Taxation
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.4
Employee benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.5
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.6
Grants
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
SUN BEAR BIOFUTURE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
7
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
4,160
Additions
2,860
Disposals
(2,860)
At 30 September 2024
4,160
Depreciation and impairment
At 1 July 2023
551
Depreciation charged in the period
2,600
At 30 September 2024
3,151
Carrying amount
At 30 September 2024
1,009
At 30 June 2023
3,609
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
27,633
7,859
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
20,133
685
Taxation and social security
8,230
2,932
Other creditors
6,200
8,003
34,563
11,620
SUN BEAR BIOFUTURE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 4 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 0.001p each
1,628,468
1,628,468
16
16
Ordinary A of 0.001p each
256,409
256,409
3
3
1,884,877
1,884,877
19
19