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REGISTERED NUMBER: 02295926 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUN CENTRE WORLD LTD

SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SUN CENTRE WORLD LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: M Dunn
Mrs L Dunn



SECRETARY: M Dunn



REGISTERED OFFICE: 133 Bewsey Road
Warrington
Cheshire
WA5 0LG



REGISTERED NUMBER: 02295926 (England and Wales)



ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



BANKERS: Santander plc
Bootle
Merseyside
GIR OAA

SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)

STATEMENT OF FINANCIAL POSITION
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 1 1
Tangible assets 6 1,334,215 1,269,752
1,334,216 1,269,753

CURRENT ASSETS
Stocks 20,504 15,277
Debtors 7 42,855 36,259
Cash at bank and in hand 604,446 406,741
667,805 458,277
CREDITORS
Amounts falling due within one year 8 132,090 62,961
NET CURRENT ASSETS 535,715 395,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,869,931

1,665,069

CREDITORS
Amounts falling due after more than one
year

9

(113,928

)

(3,753

)

PROVISIONS FOR LIABILITIES (116,101 ) (95,050 )
NET ASSETS 1,639,902 1,566,266

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 211,614 217,846
Retained earnings 1,428,286 1,348,418
SHAREHOLDERS' FUNDS 1,639,902 1,566,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2025 and were signed on its behalf by:





M Dunn - Director


SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Sun Centre World Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the net invoiced value of goods sold, and services provided, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade debtors and other accounts receivables and payable. Basic financial instruments are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

No deferred tax has been provided on the revaluation of assets as the amount is not material.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 49 ) .

5. INTANGIBLE FIXED ASSETS
Intellectual
Property
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 1,079,122 1,062,784 272,829
Additions - 176,820 -
Disposals - (121,830 ) -
At 31 December 2024 1,079,122 1,117,774 272,829
DEPRECIATION
At 1 January 2024 202,771 798,300 216,578
Charge for year 18,910 66,844 8,437
Eliminated on disposal - (121,830 ) -
At 31 December 2024 221,681 743,314 225,015
NET BOOK VALUE
At 31 December 2024 857,441 374,460 47,814
At 31 December 2023 876,351 264,484 56,251

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 100,549 38,682 2,553,966
Additions - - 176,820
Disposals - - (121,830 )
At 31 December 2024 100,549 38,682 2,608,956
DEPRECIATION
At 1 January 2024 38,760 27,805 1,284,214
Charge for year 15,447 2,719 112,357
Eliminated on disposal - - (121,830 )
At 31 December 2024 54,207 30,524 1,274,741
NET BOOK VALUE
At 31 December 2024 46,342 8,158 1,334,215
At 31 December 2023 61,789 10,877 1,269,752

The net book value of tangible fixed assets includes £ 151,250 in respect of assets held under hire purchase contracts.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 42,855 36,259

SUN CENTRE WORLD LTD (REGISTERED NUMBER: 02295926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 55,000 -
Taxation and social security 54,764 25,108
Other creditors 22,326 37,853
132,090 62,961

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 82,500 -
Other creditors 31,428 3,753
113,928 3,753

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 55,000 -
Between one and five years 82,500 -
137,500 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 12,611 12,611
Between one and five years 19,433 32,044
32,044 44,655

11. ULTIMATE CONTROLLING PARTY

The company is controlled equally by the directors.