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REGISTERED NUMBER: 04014316 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sunset Wines Limited

Sunset Wines Limited (Registered number: 04014316)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunset Wines Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr A M Sample
Mr C N Sample
Mr M P Sample





REGISTERED OFFICE: Unit 3 Cleveland Road
Scarborough
North Yorkshire
YO12 7BG





REGISTERED NUMBER: 04014316 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
5 Bobbies Bank
Whitby
North Yorkshire
YO21 1EF

Sunset Wines Limited (Registered number: 04014316)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,497 32,257
42,497 32,257

CURRENT ASSETS
Stocks 154,628 137,672
Debtors 6 157,089 206,795
Cash at bank and in hand 109,501 104,988
421,218 449,455
CREDITORS
Amounts falling due within one year 7 217,168 236,915
NET CURRENT ASSETS 204,050 212,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,547

244,797

CREDITORS
Amounts falling due after more than one
year

8

(32,426

)

(42,101

)

PROVISIONS FOR LIABILITIES (10,624 ) (7,192 )
NET ASSETS 203,497 195,504

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 203,177 195,184
SHAREHOLDERS' FUNDS 203,497 195,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Sunset Wines Limited (Registered number: 04014316)

Balance Sheet - continued
31 March 2025


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 18 June 2025 and were signed on its behalf by:




Mr A M Sample - Director Mr C N Sample - Director




Mr M P Sample - Director


Sunset Wines Limited (Registered number: 04014316)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Sunset Wines Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

Sunset Wines Limited (Registered number: 04014316)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 100,519
AMORTISATION
At 1 April 2024
and 31 March 2025 100,519
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 15,009 7,306 42,098 8,787 73,200
Additions - 4,500 19,949 390 24,839
Disposals - - (23,499 ) (1,200 ) (24,699 )
At 31 March 2025 15,009 11,806 38,548 7,977 73,340
DEPRECIATION
At 1 April 2024 7,266 6,244 22,121 5,312 40,943
Charge for year 774 360 5,799 877 7,810
Eliminated on disposal - - (17,690 ) (220 ) (17,910 )
At 31 March 2025 8,040 6,604 10,230 5,969 30,843
NET BOOK VALUE
At 31 March 2025 6,969 5,202 28,318 2,008 42,497
At 31 March 2024 7,743 1,062 19,977 3,475 32,257

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 143,223 198,629
Prepayments 13,866 8,166
157,089 206,795

Sunset Wines Limited (Registered number: 04014316)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 7,444 2,280
Trade creditors 113,160 130,346
Tax 30,384 26,884
Social security and other taxes 1,940 5,246
Pension Payable 405 665
VAT 12,635 20,217
Directors' loan accounts 47,412 47,081
Accrued expenses 3,788 4,196
217,168 236,915

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bounce back loan 28,704 34,259
Hire purchase contracts 3,722 7,842
32,426 42,101