General Information
Sunshine Training and Care Limited is a private company limited by shares and is registered in England and Wales. The address of the registered office is 18-36 Wellington Street, Island Business Centre, London, England, SE18 6PF, United Kingdom.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements during the financial year ended 31 December 2024 are prepared in sterling which is the functional currency of the company.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the financial year ended 31 December 2024, exclusive of Value Added Tax.
Cost of sales
Cost of Sales represents the cost of services rendered during financial year period ended 31 December 2024.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment in the financial year ended 31 December 2024. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer, Printer and Laptop are depreciation costs at 10% Straight line over 10 years.
| Fixtures and Fittings |
10% /10 years Reducing Balance
|
| Computer Equipment, Laptop and Printer |
10% / 10 YRS Reducing Balance
|
|
| 2. |
Directors' Emoluments
|
2024 |
|
2023 |
|
0 |
|
0 |
|
|
|
|
|
Number of directors to whom retirement benefits accrued
|
Number
|
|
Number
|
| Defined contribution plans |
1 |
|
1 |
| Defined benefit plans |
1 |
|
1 |
Directors Emoluments are either salaries or dividends paid to the directors of the company during the financial year period ended 31 December 2024.
|
| 3. |
Staff Costs
|
2024
£ |
|
2023
£ |
| Wages and salaries |
31,120 |
|
145,670 |
| Other staff costs |
4,060 |
|
5,055 |
|
35,180 |
|
150,725 |
|
|
|
|
|
Average number of employees during the year
|
Number
|
|
Number
|
| Administration |
2 |
|
2 |
| Research and development |
1 |
|
1 |
| Sales |
1 |
|
2 |
| Marketing |
1 |
|
5 |
|
5 |
|
10 |
Staff Costs are costs incurred by the company in payment of employees and staff salaries including staff training during the financial year ended 31 December 2024.
|
| 4. |
Average number of employees
The average number of employees employed by the company during the financial year ended 31 December 2024 were five.
Average number of employees during the year was 5 (2023 : 10).
|
| 5. |
Financial Commitments, Guarantees and Contingencies
The Director is committed to ensuring that the business is a success and will continue to support it with the necessary funds and skills to grow it and to make it a global success.
|
| 6. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment, Laptop and Printer |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 January 2024 |
13,500 |
|
1,867 |
|
15,367 |
| Additions |
- |
|
3,133 |
|
3,133 |
| Disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
13,500 |
|
5,000 |
|
18,500 |
| Depreciation |
| At 01 January 2024 |
- |
|
- |
|
- |
| Charge for year |
1,500 |
|
500 |
|
2,000 |
| On disposals |
- |
|
- |
|
- |
| At 31 December 2024 |
1,500 |
|
500 |
|
2,000 |
| Net book values |
| Closing balance as at 31 December 2024 |
12,000 |
|
4,500 |
|
16,500 |
| Opening balance as at 01 January 2024 |
13,500 |
|
1,867 |
|
15,367 |
|
| 7. |
Share Capital
Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
|
2024
£ |
|
2023
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 8. |
Advances and Credits
BOUNCE BACK LOAN A BOUNCE BACK LOAN of £10,000.00 only was taken from a lender to grow the business plus interests of £3,000.00. At the end of the financial year ended 31 December 2024, an outstanding balance of £2,100.00 is carried forward to 01 January 2025. DIRECTOR'S LOAN TO THE COMPANY | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| BOUNCE BACK LOAN | 2,160 | | 0 | | 0 | | 0 | | 0 | | 0 | | 2,160 | | DIRECTOR'S LOAN TO THE COMPANY | 15,000 | | 0 | | 0 | | 5,000 | | 0 | | 0 | | 10,000 | | 17160 | | 0 | | 0 | | 5000 | | 0 | | 0 | | 12160 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| BOUNCE BACK LOAN | 4,320 | | 0 | | 0 | | 2,160 | | 0 | | 0 | | 2,160 | | DIRECTOR'S LOAN TO THE COMPANY | 0 | | 15,000 | | 0 | | 0 | | 0 | | 0 | | 15,000 | | 4320 | | 15000 | | 0 | | 2160 | | 0 | | 0 | | 17160 |
|
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