S.A.Lunn Limited - Filleted accounts

S.A.Lunn Limited
Registered number:		00784398
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		451			602
Financial assets			100			100
			551			702

Current assets
Stocks		204,227			183,452
Debtors	5	20,017			17,344
Cash at bank and in hand		258,269			184,682
		482,513			385,478

Creditors: amounts falling due within one year	6	(71,172)			(89,680)

Net current assets			411,341			295,798

Net assets			411,892			296,500

Capital and reserves
Called up share capital			2			2
Profit and loss account			411,890			296,498

Shareholder's funds			411,892			296,500

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Andrew Lunn
Director
Approved by the board on 3 November 2025

S.A.Lunn Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value/Impairment losses are included in the profit and loss account.

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.



2	Employees and directors			2025		2024
Number					Number

	Average number of directors and persons employed by the company			4		5


3	Government grants
	During the prior year, the company received government grants under the coronavirus job retention scheme. These grants are shown in the profit and loss for the period in which the related salary expenditure was incurred.

				2025		2024
£					£

	Government grants			-		6,488


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	18,524		12,650		31,174
	At 31 March 2025	18,524		12,650		31,174

	Depreciation
	At 1 April 2024	18,345		12,227		30,572
	Charge for the year	45		106		151
	At 31 March 2025	18,390		12,333		30,723

	Net book value
	At 31 March 2025	134		317		451
	At 31 March 2024	179		423		602




5	Debtors			2025		2024
£					£

	Trade debtors			18,716		16,156
	Prepayments			1,301		1,188
				20,017		17,344


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			30,071		28,324
	Accruals			1,731		2,647
	Corporation tax			38,277		31,123
	Other taxes and social security costs			531		20,983
	Other creditors			562		6,603
				71,172		89,680


7	Other information

	S.A.Lunn Limited is a private company limited by shares and incorporated in England. Its registered office is:
	169 Lynchford Road
	Farnborough
	Hampshire
	GU14 6HD