Company Registration No. 12862312 (England and Wales)
Sun Point Limited
Unaudited accounts
for the year ended 30 September 2024
Sun Point Limited
Unaudited accounts
Contents
Sun Point Limited
Company Information
for the year ended 30 September 2024
Directors
Inna DUDARJONOKA
Svetlana SMELTERE
Company Number
12862312 (England and Wales)
Registered Office
6 CENTURION HOUSE
ST. JOHNS STREET
COLCHESTER
CO2 7AH
ENGLAND
Sun Point Limited
Statement of financial position
as at 30 September 2024
Tangible assets
40,157
48,972
Cash at bank and in hand
9,263
12,623
Creditors: amounts falling due within one year
(8,416)
(16,046)
Net current assets/(liabilities)
5,883
(2,906)
Total assets less current liabilities
46,040
46,066
Provisions for liabilities
Deferred tax
(10,395)
(10,395)
Called up share capital
2
2
Profit and loss account
35,643
35,669
Shareholders' funds
35,645
35,671
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by
Inna DUDARJONOKA
Director
Company Registration No. 12862312
Sun Point Limited
Notes to the Accounts
for the year ended 30 September 2024
Sun Point Limited is a private company, limited by shares, registered in England and Wales, registration number 12862312. The registered office is 6 CENTURION HOUSE, ST. JOHNS STREET, COLCHESTER, CO2 7AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have assessed the statement of financial position and likely future cash flows at the date or approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, They continue to adopt the going concern basis in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Sun Point Limited
Notes to the Accounts
for the year ended 30 September 2024
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 Statement of Financial Position date
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 accounts. 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.
4
Tangible fixed assets
Total
At 30 September 2024
70,855
At 30 September 2024
30,698
At 30 September 2024
40,157
At 30 September 2023
48,972
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).