REGISTERED NUMBER:
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SUN FORCE LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29 FEBRUARY 2020 |
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REGISTERED NUMBER:
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SUN FORCE LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 29 FEBRUARY 2020 |
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SUN FORCE LTD (REGISTERED NUMBER: 10017541) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SUN FORCE LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 29 FEBRUARY 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Elfed House |
Oak Tree Court |
Cardiff Gate Business Park |
CARDIFF |
County of Cardiff |
CF23 8RS |
SUN FORCE LTD (REGISTERED NUMBER: 10017541) |
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BALANCE SHEET |
29 FEBRUARY 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved for issue by the Board of Directors and authorised for issue on
and were signed on its behalf by: |
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SUN FORCE LTD (REGISTERED NUMBER: 10017541) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2020 |
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1. | STATUTORY INFORMATION |
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Sun Force Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to |
the nearest pound. |
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The significant accounting policies applied in the presentation of these financial statements are set out below. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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There have been no material departures from Financial Reporting Standard 102 1A. |
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Going Concern |
The directors are satisfied that despite the Coronavirus pandemic, it is appropriate for the company's financial |
statements to be prepared on a going concern basis. The pandemic has resulted in a number of uncertainties |
arising and the directors have taken steps to minimise the effect on the company and will continue to do so. In |
the circumstances they have concluded that no adjustments are required to the financial statements at this time. |
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Turnover |
Turnover represents amounts billed and billable in respect of consultancy services provided and electricity |
generated during the period, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable |
to making the asset capable of operating as intended. |
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Current tax |
Current tax represents the amount expected to be paid or recovered in respect of taxable profits during the |
period and is calculated using the tax rates and laws that have been enacted or substantively enacted at the |
balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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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. |
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Work to be billed |
Services provided during the financial period, which at the balance sheet date have not been billed have been |
recognised in turnover. Fees recognised in this manner are based on an assessment of the fair value of the |
services provided at the balance sheet date as a proportion of the total value of the engagement. |
SUN FORCE LTD (REGISTERED NUMBER: 10017541) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2020 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Basic financial instruments are recognised at amortised cost. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 March 2019 |
and 29 February 2020 |
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DEPRECIATION |
At 1 March 2019 |
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Charge for year |
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At 29 February 2020 |
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NET BOOK VALUE |
At 29 February 2020 |
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At 28 February 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Work to be billed | 8,000 | 6,800 |
Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Corporation tax |
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VAT | 8,928 | 9,535 |
Directors' current accounts | 34,415 | 35,187 |
Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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8. | GUARANTEES AND OTHER FINANCIAL COMMITMENTS |
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Total amount of commitments in respect of operating leases is £33,305 (2018 - £29,457). |