Suns Lifestyle Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12256686 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Suns Lifestyle Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R E C Gray

REGISTERED OFFICE:

Unit 1&2 Suns Lifestyle

South Essex Golf Centre

Brentwood Road, Herongate

Brentwood

Essex

CM13 3LW

REGISTERED NUMBER:

12256686 (England and Wales)

FIXED ASSETS

Tangible assets

4

36,354

58,201

CURRENT ASSETS

Stocks

1,106,550

750,715

Cash at bank and in hand

211,556

118,851

1,318,106

869,566

CREDITORS

Amounts falling due within one year

5

289,938

245,464

NET CURRENT ASSETS

1,028,168

624,102

TOTAL ASSETS LESS CURRENT LIABILITIES

1,064,522

682,303

CREDITORS

Amounts falling due after more than one year

6

246,462

291,710

NET ASSETS

818,060

390,593

CAPITAL AND RESERVES

Called up share capital

3,000

3,000

Retained earnings

815,060

387,593

SHAREHOLDERS' FUNDS

818,060

390,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 10 January 2023 and were signed by:

R E C Gray - Director

1.	STATUTORY INFORMATION

Suns Lifestyle 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2021 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2021

and 31 October 2022

76,589

10,799

87,388

DEPRECIATION

At 1 November 2021

23,788

5,399

29,187

Charge for year

19,147

2,700

21,847

At 31 October 2022

42,935

8,099

51,034

NET BOOK VALUE

At 31 October 2022

33,654

2,700

36,354

At 31 October 2021

52,801

5,400

58,201

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade creditors

30,746

29,717

Tax

148,777

88,993

Social security and other taxes

15,654

18,347

VAT

19,311

2,457

Directors' current accounts

70,000

102,000

Accrued expenses

5,450

3,950

289,938

245,464

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.22

31.10.21

£

£

Other loans - 2-5 years

34,915

45,563

Other creditors

211,547

246,147

246,462

291,710