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REGISTERED NUMBER: 03295628 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUNSHINE GARDEN SERVICES LIMITED

SUNSHINE GARDEN SERVICES LIMITED (REGISTERED NUMBER: 03295628)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUNSHINE GARDEN SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: E Loughrey
P Douglass
S Loughrey





SECRETARY: S Loughrey





REGISTERED OFFICE: 55 Loudon Road
St. John's Wood
London
NW8 0DL





REGISTERED NUMBER: 03295628 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

SUNSHINE GARDEN SERVICES LIMITED (REGISTERED NUMBER: 03295628)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 171,111 131,319

CURRENT ASSETS
Stocks 802,569 1,015,057
Debtors 5 438,657 298,379
Cash at bank 1,550,842 1,869,179
2,792,068 3,182,615
CREDITORS
Amounts falling due within one year 6 (613,672 ) (907,446 )
NET CURRENT ASSETS 2,178,396 2,275,169
TOTAL ASSETS LESS CURRENT LIABILITIES 2,349,507 2,406,488

CAPITAL AND RESERVES
Called up share capital 8 20,020 20,020
Retained earnings 2,329,487 2,386,468
SHAREHOLDERS' FUNDS 2,349,507 2,406,488

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:



E Loughrey - Director


SUNSHINE GARDEN SERVICES LIMITED (REGISTERED NUMBER: 03295628)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. COMPANY INFORMATION

Sunshine Garden Services 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.

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


2. ACCOUNTING POLICIES

Accounting convention
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.

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less net realisable value, after making due allowance for obsolete and slow moving items.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


SUNSHINE GARDEN SERVICES LIMITED (REGISTERED NUMBER: 03295628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits
The costs of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 45 ) .

SUNSHINE GARDEN SERVICES LIMITED (REGISTERED NUMBER: 03295628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 383,134 60,629 382,212 70,430 896,405
Additions - - 95,936 19,870 115,806
Disposals - - - (11,321 ) (11,321 )
At 31 December 2024 383,134 60,629 478,148 78,979 1,000,890
DEPRECIATION
At 1 January 2024 383,134 54,845 278,568 48,539 765,086
Charge for year - 4,713 49,895 20,355 74,963
Eliminated on disposal - - - (10,270 ) (10,270 )
At 31 December 2024 383,134 59,558 328,463 58,624 829,779
NET BOOK VALUE
At 31 December 2024 - 1,071 149,685 20,355 171,111
At 31 December 2023 - 5,784 103,644 21,891 131,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 370,099 144,043
Other debtors 68,558 154,336
438,657 298,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 7) - 25,385
Trade creditors 290,463 430,885
Taxation and social security 287,664 378,221
Other creditors 35,545 72,955
613,672 907,446

7. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year - 25,385

SUNSHINE GARDEN SERVICES LIMITED (REGISTERED NUMBER: 03295628)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. LEASING AGREEMENTS - continued

Finance lease payments represent rentals payable by the company for motor vehicles. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
20,000 Ordinary £1 20,000 20,000
20 Ordinary A share £1 20 20
20,020 20,020

The ordinary shares have full rights of notice and voting at General Meetings. The ordinary shares have full rights to distribution of capital and any surplus beyond the nominal value of the shares. The ordinary shares have full rights to dividend as determined by the directors.

The 'A' shares have no notice, attendance or voting rights at General Meetings. The 'A' shares have no rights of distribution of capital or repurchase of any kind and beyond the nominal value of the shares. The 'A' shares have full rights to dividend as determined by the directors.