Company Registration No. 08544881 (England and Wales)
Sun Exim Ltd
Unaudited accounts
for the period from 1 June 2022 to 30 June 2023
Sun Exim Ltd
Unaudited accounts
Contents
Sun Exim Ltd
Company Information
for the period from 1 June 2022 to 30 June 2023
Directors
JYANI, Prakash Shantilal
SHAH, Kanan Rashmikant
Company Number
08544881 (England and Wales)
Registered Office
55 PEEL ROAD UNIT A-4 LIVINGSTONE COURT
HARROW
MIDDLESEX
HA3 7QT
UNITED KINGDOM
Accountants
EQUIFIN ACCOUNTANCY LTD
87 Kingshill drive
Harrow
Middlesex
HA3 8QQ
Sun Exim Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
3,964
1,468
Cash at bank and in hand
79,045
12,532
Creditors: amounts falling due within one year
(310,772)
(169,155)
Net current assets
314,975
293,024
Total assets less current liabilities
318,939
294,492
Creditors: amounts falling due after more than one year
(69,662)
(120,087)
Net assets
249,277
174,405
Called up share capital
2
2
Profit and loss account
249,275
174,403
Shareholders' funds
249,277
174,405
For the period ending 30 June 2023 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 29 August 2023 and were signed on its behalf by
JYANI, Prakash Shantilal
Director
Company Registration No. 08544881
Sun Exim Ltd
Notes to the Accounts
for the period from 1 June 2022 to 30 June 2023
Sun Exim Ltd is a private company, limited by shares, registered in England and Wales, registration number 08544881. The registered office is 55 PEEL ROAD UNIT A-4 LIVINGSTONE COURT, HARROW, MIDDLESEX, HA3 7QT, UNITED KINGDOM.
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 period, 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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Sun Exim Ltd
Notes to the Accounts
for the period from 1 June 2022 to 30 June 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
412,132
294,800
Amounts falling due after more than one year
Other debtors
99,574
147,013
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,612
6,612
Trade creditors
265,040
153,389
Taxes and social security
16,320
9,154
Proposed dividends
2,000
-
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
38,279
82,255
Bank loan includes bounce back loan payable in 7 years with interest @2.5% p.a. Bounce back loan is unsecured loan from Lloyds Bank.
Sun Exim Ltd
Notes to the Accounts
for the period from 1 June 2022 to 30 June 2023
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).
