Company Registration No. 04664850 (England and Wales)
Sunshine Fashion Accessories Limited
Unaudited accounts
for the year ended 28 February 2025
Sunshine Fashion Accessories Limited
Unaudited accounts
Contents
Sunshine Fashion Accessories Limited
Company Information
for the year ended 28 February 2025
Company Number
04664850 (England and Wales)
Registered Office
105 Commercial Road
Aldgate East
London
E1 1RD
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Sunshine Fashion Accessories Limited
Statement of financial position
as at 28 February 2025
Tangible assets
19,423
11,073
Cash at bank and in hand
16,550
29,286
Creditors: amounts falling due within one year
(245,356)
(247,138)
Net current assets
287,803
282,948
Net assets
307,226
294,021
Called up share capital
1,000
1,000
Profit and loss account
306,226
293,021
Shareholders' funds
307,226
294,021
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 28 November 2025 and were signed on its behalf by
Y Z Chen
Director
Company Registration No. 04664850
Sunshine Fashion Accessories Limited
Notes to the Accounts
for the year ended 28 February 2025
Sunshine Fashion Accessories Limited is a private company, limited by shares, registered in England and Wales, registration number 04664850. The registered office is 105 Commercial Road, Aldgate East, London, E1 1RD.
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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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. 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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sunshine Fashion Accessories Limited
Notes to the Accounts
for the year ended 28 February 2025
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Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2024
7,687
22,954
30,641
At 28 February 2025
7,687
34,044
41,731
At 1 March 2024
-
19,568
19,568
Charge for the year
-
2,740
2,740
At 28 February 2025
-
22,308
22,308
At 28 February 2025
7,687
11,736
19,423
At 29 February 2024
7,687
3,386
11,073
Amounts falling due within one year
Other debtors
473,533
473,533
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
23,049
34,074
Taxes and social security
66,004
72,926
Other creditors
51,452
48,686
Loans from directors
21,301
19,662
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
The ultimate controlling party is Mr. Y Z Chen, who is the sole director and holds fifty percent of the company shares.
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Average number of employees
During the year the average number of employees was 4 (2024: 4).