THE SUNSHACK (WALES) LIMITED - Filleted accounts

Registered number

07712877

THE SUNSHACK (WALES) LIMITED

Filleted Accounts

31 March 2025

THE SUNSHACK (WALES) LIMITED
Registered number:		07712877
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		844			1,055

Current assets
Stocks		550			1,100

Creditors: amounts falling due within one year	4	(31,599)			(28,681)

Net current liabilities			(31,049)			(27,581)

Total assets less current liabilities			(30,205)			(26,526)

Creditors: amounts falling due after more than one year	5		(2,255)			(5,149)



Net liabilities			(32,460)			(31,675)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(32,462)			(31,677)

Shareholders' funds			(32,460)			(31,675)

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 members have 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 and delivered 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.




Mr R G Williams
Director
Approved by the board on 24 December 2025

THE SUNSHACK (WALES) LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Fixtures, fittings, tools and equipment			20% reducing balance

	Stocks
	Stocks 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 (which is usually the invoice 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 (which is usually the invoice 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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 April 2024							6,151
	At 31 March 2025							6,151

	Depreciation
	At 1 April 2024							5,096
	Charge for the year							211
	At 31 March 2025							5,307

	Net book value
	At 31 March 2025							844
	At 31 March 2024							1,055


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

	Bank loans and overdrafts					5,886		6,441
	Other taxes and social security costs					-		263
	Other creditors					25,713		21,977
						31,599		28,681


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,255		5,149


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr R G Williams
	Directors loan account	(9,808)		1,707		(4,425)		(12,526)

	Mrs T Williams
	Directors loan account	(9,808)		1,707		(4,426)		(12,527)

		(19,616)		3,414		(8,851)		(25,053)


7	Controlling party

	The company is ultimately controlled by the directors by virtue of their shareholding.


8	Other information

	THE SUNSHACK (WALES) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	31 Bridge Street
	Blackwood
	Gwent
	NP12 1AX