REGISTERED NUMBER: 10525077 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUNSET BARN INTERIORS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Medaets

REGISTERED OFFICE:

The Barn

Chapel Lane

Minety

Malmesbury

SN16 9QJ

REGISTERED NUMBER:

10525077 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

75,047

93,667

CURRENT ASSETS

Stocks

172,833

209,189

Debtors

5

22,937

48,539

Cash at bank and in hand

136,652

105,706

332,422

363,434

CREDITORS

Amounts falling due within one year

6

141,430

90,449

NET CURRENT ASSETS

190,992

272,985

TOTAL ASSETS LESS CURRENT LIABILITIES

266,039

366,652

CREDITORS

Amounts falling due after more than one year

7

(14,583

)

(49,583

)

PROVISIONS FOR LIABILITIES

10

(14,796

)

(19,196

)

NET ASSETS

236,660

297,873

CAPITAL AND RESERVES

Called up share capital

11

13

1

Share premium

100,000

100,000

Retained earnings

136,647

197,872

SHAREHOLDERS' FUNDS

236,660

297,873

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 director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

M Medaets - Director

1.	STATUTORY INFORMATION

Sunset Barn Interiors 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

18,935

5,045

91,567

37,542

153,089

Additions

-

-

2,037

4,900

6,937

At 31 December 2024

18,935

5,045

93,604

42,442

160,026

DEPRECIATION

At 1 January 2024

2,692

755

30,192

25,783

59,422

Charge for year

379

1,009

20,919

3,250

25,557

At 31 December 2024

3,071

1,764

51,111

29,033

84,979

NET BOOK VALUE

At 31 December 2024

15,864

3,281

42,493

13,409

75,047

At 31 December 2023

16,243

4,290

61,375

11,759

93,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

(524

)

49

Other debtors

23,461

48,490

22,937

48,539

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

35,000

35,000

Trade creditors

66,948

20,016

Taxation and social security

23,891

29,493

Other creditors

15,591

5,940

141,430

90,449

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

14,583

49,583

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

38,351

39,060

Between one and five years

45,625

84,438

83,976

123,498

9.	SECURED DEBTS

The company has a charge against them by HSBC Bank PLC that is a fixed and floating charge over all assets, more information can be found on Companies House.

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

-

6,705

Deferred tax

14,796

12,491

14,796

19,196

Deferred

tax

£

Balance at 1 January 2024

19,196

Reversal of timing differences

(4,400

)

Balance at 31 December 2024

14,796

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

110

A Ordinary

£0.10

11

1

20

B Ordinary

£0.10

2

-

13

1

12.	RELATED PARTY DISCLOSURES

The directors maintain a loan accounts with the company. At the balance sheet date the director owed the company £12,836 (2023:£37,983) which was repaid within 9 months of the financial year end. Interest is charged on the outstanding balance.