Company Registration No. 10691006 (England and Wales)
Sugar Rush Solutions Limited
Unaudited accounts
for the year ended 31 March 2020
Sugar Rush Solutions Limited
Unaudited accounts
Contents
Sugar Rush Solutions Limited
Company Information
for the year ended 31 March 2020
Directors
S R Large
J Large
Company Number
10691006 (England and Wales)
Registered Office
The Gallery
3 New Quay Street
Teignmouth
Devon
TQ14 8DA
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Sugar Rush Solutions Limited
Statement of financial position
as at 31 March 2020
Intangible assets
1,000
1,500
Cash at bank and in hand
7,452
11,105
Creditors: amounts falling due within one year
(9,470)
(8,607)
Net current assets
2,032
2,498
Called up share capital
12
12
Profit and loss account
3,020
4,175
Shareholders' funds
3,032
4,187
For the year ending 31 March 2020 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 22 December 2020 and were signed on its behalf by
S R Large
Director
Company Registration No. 10691006
Sugar Rush Solutions Limited
Notes to the Accounts
for the year ended 31 March 2020
Sugar Rush Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10691006. The registered office is The Gallery, 3 New Quay Street, Teignmouth, Devon, TQ14 8DA. The principal place of business is 14 Albert Street , Dawlish, Devon, EX7 9LA.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life of 5 years.
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 where material 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.
The financial statements have been prepared on a going concern basis dependent on the ongoing support of the directors and on the support made available by the government to support businesses affected by COVID-19.
Sugar Rush Solutions Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
7,632
7,434
Loans from directors
-
278
Sugar Rush Solutions Limited
Notes to the Accounts
for the year ended 31 March 2020
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
1 Ordinary A shares of £1 each
1
1
1 Ordinary B shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts advanced
-
4,050
-
4,050
10
Average number of employees
During the year the average number of employees was 2 (2019: 2).
