Sun-rise Installations Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05193195 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Sun-rise Installations Ltd

Page

Company Information

1

Abridged 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

181,935

170,622

CURRENT ASSETS

Stocks

62,533

46,938

Debtors

154,308

56,310

Cash at bank and in hand

145,256

180,557

362,097

283,805

CREDITORS

Amounts falling due within one year

127,609

121,704

NET CURRENT ASSETS

234,488

162,101

TOTAL ASSETS LESS CURRENT LIABILITIES

416,423

332,723

CREDITORS

Amounts falling due after more than one year

(33,928

)

(66,894

)

PROVISIONS FOR LIABILITIES

(19,088

)

(11,893

)

NET ASSETS

363,407

253,936

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

363,405

253,934

SHAREHOLDERS' FUNDS

363,407

253,936

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 24 April 2023 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 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2021

224,194

Additions

28,121

At 31 July 2022

252,315

DEPRECIATION

At 1 August 2021

53,572

Charge for year

16,808

At 31 July 2022

70,380

NET BOOK VALUE

At 31 July 2022

181,935

At 31 July 2021

170,622

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

Totals

£

COST

At 1 August 2021

and 31 July 2022

62,104

DEPRECIATION

At 1 August 2021

16,575

Charge for year

9,106

At 31 July 2022

25,681

NET BOOK VALUE

At 31 July 2022

36,423

At 31 July 2021

45,529

5.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.22

31.7.21

£

£

Hire purchase contracts

28,347

37,867

The hire purchase liabilities are secured on the underlying assets.