SUGARSWITCH LIMITED


Director	G T Greenyer


Registered Address	12a Marlborough Place
	Brighton
	BN1 1WN


Registered Number	09358890 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		112		150
			112		150
Current assets
Debtors		367		-
Cash at bank and on hand		100		296
		467		296
Creditors amounts falling due within one year	4	(27,707)		(23,470)
Net current assets (liabilities)			(27,240)		(23,174)
Total assets less current liabilities			(27,128)		(23,024)
Accruals and deferred income			(891)		(393)
Net assets			(28,019)		(23,417)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(28,119)		(23,517)
Shareholders' funds			(28,019)		(23,417)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 22 July 2025, and are signed on its behalf by:

G T Greenyer
Director
Registered Company No. 09358890

SUGARSWITCH LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Total
	£	£
Cost or valuation
At 01 January 24	473	473
At 31 December 24	473	473
Depreciation and impairment
At 01 January 24	323	323
Charge for year	38	38
At 31 December 24	361	361
Net book value
At 31 December 24	112	112
At 31 December 23	150	150

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	603	241
Bank borrowings and overdrafts	601	997
Other creditors	26,503	22,232
Total	27,707	23,470

5.	Controlling party
	The company is controlled by its director, G T Greenyer, by virtue of his ownership of 100% of the issued share capital.