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Registered number: 09712498
Sunrise Workwear Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Akrams Accountants
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mrs Tauqeer Syeda
Mr Arshad Mahmood
Company Number 09712498
Registered Office Unit 1 , Richmond Mill
159 Rinchond Road
Bradford
West Yorkshire
BD7 1DL
Page 1
Page 2
Balance Sheet
Registered number: 09712498
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,059 34,186
29,059 34,186
CURRENT ASSETS
Debtors 5 120,350 118,757
Cash at bank and in hand 4,023 4,275
124,373 123,032
Creditors: Amounts Falling Due Within One Year 6 (106,374 ) (95,776 )
NET CURRENT ASSETS (LIABILITIES) 17,999 27,256
TOTAL ASSETS LESS CURRENT LIABILITIES 47,058 61,442
Creditors: Amounts Falling Due After More Than One Year 7 (20,000 ) (30,000 )
NET ASSETS 27,058 31,442
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 27,057 31,441
SHAREHOLDERS' FUNDS 27,058 31,442
For the year ending 30 June 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Arshad Mahmood
Director
26 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sunrise Workwear Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09712498 . The registered office is Unit 1 , Richmond Mill, 159 Rinchond Road, Bradford, West Yorkshire, BD7 1DL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
Motor Vehicles 15%
Fixtures & Fittings 15%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:5
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
Manufacturing 3 4
5 6
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Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2023 54,907 6,500 61,407
As at 30 June 2024 54,907 6,500 61,407
Depreciation
As at 1 July 2023 22,492 4,729 27,221
Provided during the period 4,862 265 5,127
As at 30 June 2024 27,354 4,994 32,348
Net Book Value
As at 30 June 2024 27,553 1,506 29,059
As at 1 July 2023 32,415 1,771 34,186
5. Debtors
2024 2023
£ £
Due within one year
Due after more than one year
Other debtors 120,350 118,757
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts - 496
Corporation tax - 2,110
Other taxes and social security 6,748 10,827
VAT 61,258 59,246
Accruals and deferred income 18,520 3,250
Directors' loan accounts 19,847 19,847
106,374 95,776
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 20,000 30,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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