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Company No: 13690196 (England and Wales)

SUNSET DISPLAYS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

SUNSET DISPLAYS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

SUNSET DISPLAYS LIMITED

BALANCE SHEET

As at 31 October 2024
SUNSET DISPLAYS LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 116,315 127,087
116,315 127,087
Current assets
Debtors 4 230 7,922
Cash at bank and in hand 41,302 23,536
41,532 31,458
Creditors: amounts falling due within one year 5 ( 173,872) ( 171,153)
Net current liabilities (132,340) (139,695)
Total assets less current liabilities (16,025) (12,608)
Net liabilities ( 16,025) ( 12,608)
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account ( 16,027 ) ( 12,610 )
Total shareholders' deficit ( 16,025) ( 12,608)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sunset Displays Limited (registered number: 13690196) were approved and authorised for issue by the Board of Directors on 13 March 2025. They were signed on its behalf by:

N J W Reid
Director
SUNSET DISPLAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
SUNSET DISPLAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Sunset Displays 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 Poplars Cottage The Paddocks, Mollington, Banbury, England, OX17 1BW, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of 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

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

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, reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 years straight line
25 % reducing balance
Office equipment 25 % reducing balance

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 November 2023 145,870 1,157 147,027
At 31 October 2024 145,870 1,157 147,027
Accumulated depreciation
At 01 November 2023 19,651 289 19,940
Charge for the financial year 10,555 217 10,772
At 31 October 2024 30,206 506 30,712
Net book value
At 31 October 2024 115,664 651 116,315
At 31 October 2023 126,219 868 127,087

4. Debtors

2024 2023
£ £
Trade debtors 0 7,774
Other debtors 230 148
230 7,922

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,336 0
Other taxation and social security 3,002 2,781
Other creditors 169,534 168,372
173,872 171,153

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 ordinary shares of £ 1.00 each 2 2