Sunvit-D3 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09082655 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

Sunvit-D3 Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

47,048

62,360

Tangible assets

5

13,868

21,835

60,916

84,195

CURRENT ASSETS

Stocks

505,281

392,064

Debtors

6

467,003

234,172

Cash at bank and in hand

464,759

209,255

1,437,043

835,491

CREDITORS

Amounts falling due within one year

7

428,172

308,070

NET CURRENT ASSETS

1,008,871

527,421

TOTAL ASSETS LESS CURRENT LIABILITIES

1,069,787

611,616

CREDITORS

Amounts falling due after more than one year

8

(204,241

)

(179,310

)

PROVISIONS FOR LIABILITIES

(2,182

)

(3,596

)

NET ASSETS

863,364

428,710

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

863,264

428,610

SHAREHOLDERS' FUNDS

863,364

428,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2021 and were signed on its behalf by:

R O Allen - Director

1.	STATUTORY INFORMATION

Sunvit-D3 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09082655

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Trademarks

Trademarks are being amortised evenly over the estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

33% on cost

Inventories

Inventories have be valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, costs include a relevant proportion of overheads according to completion.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2020

and 30 June 2021

150,000

3,123

153,123

AMORTISATION

At 1 July 2020

90,000

763

90,763

Charge for year

15,000

312

15,312

At 30 June 2021

105,000

1,075

106,075

NET BOOK VALUE

At 30 June 2021

45,000

2,048

47,048

At 30 June 2020

60,000

2,360

62,360

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

58,228

Additions

2,169

At 30 June 2021

60,397

DEPRECIATION

At 1 July 2020

36,393

Charge for year

10,136

At 30 June 2021

46,529

NET BOOK VALUE

At 30 June 2021

13,868

At 30 June 2020

21,835

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

452,244

221,298

Other debtors

14,759

12,874

467,003

234,172

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

173,231

119,748

Amounts owed to parent company

50,000

50,000

Taxation and social security

129,873

61,013

Other creditors

75,068

77,309

428,172

308,070

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Amounts owed to parent company

204,241

179,310

9.	SECURED DEBTS

Lloyds bank commercial finance limited has a fixed and floating charge against all the business assets.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ADAllen Pharma Limited.

Registered office is Treviot House, 186-192 High Road, Ilford, Essex, IG1 1LR