Sun-rise Installations Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05193195 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Sun-rise Installations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Wilson

Mr K R Blowers

REGISTERED OFFICE:

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

REGISTERED NUMBER:

05193195 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

FIXED ASSETS

Tangible assets

4

96,292

99,350

CURRENT ASSETS

Stocks

6,760

500

Debtors

5

62,650

83,647

Cash at bank and in hand

68,626

69,227

138,036

153,374

CREDITORS

Amounts falling due within one year

6

99,849

99,276

NET CURRENT ASSETS

38,187

54,098

TOTAL ASSETS LESS CURRENT LIABILITIES

134,479

153,448

CREDITORS

Amounts falling due after more than one year

7

(38,525

)

(49,648

)

PROVISIONS FOR LIABILITIES

(8,877

)

(11,154

)

NET ASSETS

87,077

92,646

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

87,075

92,644

SHAREHOLDERS' FUNDS

87,077

92,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2019 and were signed on its behalf by:

Mr K R Blowers - Director

1.	STATUTORY INFORMATION

Sun-rise Installations Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Motor vehicles

-

20% on reducing balance

Office equipment

-

25% on cost and 10% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 August 2017

46,360

5,220

78,641

3,848

134,069

Additions

9,938

-

-

-

9,938

At 31 July 2018

56,298

5,220

78,641

3,848

144,007

DEPRECIATION

At 1 August 2017

5,718

4,960

20,362

3,679

34,719

Charge for year

1,010

260

11,656

70

12,996

At 31 July 2018

6,728

5,220

32,018

3,749

47,715

NET BOOK VALUE

At 31 July 2018

49,570

-

46,623

99

96,292

At 31 July 2017

40,642

260

58,279

169

99,350

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 August 2017

and 31 July 2018

51,583

DEPRECIATION

At 1 August 2017

and 31 July 2018

4,325

NET BOOK VALUE

At 31 July 2018

47,258

At 31 July 2017

47,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

59,538

81,140

Prepayments

3,112

2,507

62,650

83,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

4,100

4,000

Hire purchase contracts

6,935

6,730

Trade creditors

34,232

28,900

Taxation

9,686

8,441

Social security and other taxes

17,095

23,609

Other creditors

-

209

Directors' current accounts

25,501

25,137

Accrued expenses

2,300

2,250

99,849

99,276

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Bank loan due after one year

11,597

15,785

Hire purchase contracts

26,928

33,863

38,525

49,648

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.18

31.7.17

£

£

Hire purchase contracts

33,863

40,593

The hire purchase liabilities are secured on the underlying assets.