Company Registration No. 8033059 (England and Wales)
Suntech IT Ltd
Unaudited accounts
for the year ended 31 March 2025
Suntech IT Ltd
Unaudited accounts
Contents
Suntech IT Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr R Kumar
Mrs R Renu
Company Number
8033059 (England and Wales)
Registered Office
14 Sherman House
54 Aberfeldy Street
London
E14 0NQ
United Kingdom
Suntech IT Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
17,770
110,144
Creditors: amounts falling due within one year
(1,691)
(50,156)
Net current assets
16,079
59,988
Called up share capital
100
100
Profit and loss account
15,979
59,888
Shareholders' funds
16,079
59,988
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
Mr R Kumar
Director
Company Registration No. 8033059
Suntech IT Ltd
Notes to the Accounts
for the year ended 31 March 2025
Suntech IT Ltd is a private company, limited by shares, registered in England and Wales, registration number 8033059. The registered office is 14 Sherman House, 54 Aberfeldy Street, London, E14 0NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
Expenditure on research and development is written off in the year in which it is incurred.
The director has considered the period ahead and anticipates further losses in the coming year. The director believes that with support from the shareholder funds and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows.
As a consequence, the director also believes that the company is well placed to manage its business risks successfully. As such, the director has reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the company continues to adopt the going concern basis in preparing the annual report and accounts.
Suntech IT Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
971
49,652
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
During the period interim dividends of £850 (2024: £850) and £41,650 (2024: £41,650) were paid to Mr R K Dua and Mrs R Renu respectively.
Included in other creditors is the amount of £515 (2024: £44,941) owed to Mrs R Renu, a director and majority shareholder of the company. Also included in other creditors is the amount of £456 (2024: £4,710) owed to Mr R Kumar.
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Average number of employees
During the year the average number of employees was 0 (2024: 0).