REGISTERED NUMBER: 04206509 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SUNSWITCH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J P Auckland

Mrs L Auckland

SECRETARY:

Mrs L Auckland

REGISTERED OFFICE:

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

04206509 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Intangible assets

4

1,680

2,100

Tangible assets

5

9,135

14,209

10,815

16,309

CURRENT ASSETS

Stocks

25,200

18,200

Debtors

6

34,937

42,429

Cash at bank

52,149

16,551

112,286

77,180

CREDITORS

Amounts falling due within one year

7

(31,957

)

(21,649

)

NET CURRENT ASSETS

80,329

55,531

TOTAL ASSETS LESS CURRENT LIABILITIES

91,144

71,840

CREDITORS

Amounts falling due after more than one year

8

(23,750

)

(31,250

)

NET ASSETS

67,394

40,590

CAPITAL AND RESERVES

Called up share capital

9

100

100

Share premium

39,990

39,990

Retained earnings

27,304

500

SHAREHOLDERS' FUNDS

67,394

40,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 23 August 2017 and were signed on its behalf by:

J P Auckland - Director

1.	STATUTORY INFORMATION

Sunswitch 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 the provisions of Section 1A "Small

Entities" of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the

UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been

prepared under the historical cost convention, as modified by the recognition of certain assets and

liabilities measured at fair value.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have been

transferred to the buyer; the company retains no continuing involvement or control over the goods; the

amount of revenue can be measured reliably; and when it is probable that future economic benefits will

flow to the entity.

In respect of construction contracts and the rendering of services, turnover represents revenue

measured by reference to the stage of completion of the contract activity or of the service transaction

at the end of the reporting period.

Goodwill

Goodwill recognised represents the excess of the fair value and directly attributable costs of the

purchase consideration over the fair values of the identifiable net assets, liabilities and contingent

liabilities acquired.

Goodwill is amortised through the income statement in equal instalments over its estimated useful life

of 5 years. Goodwill is assessed for impairment when there are indicators of impairment and any

impairment is charged to the income statement. Reversals of impairment are recognised when the

reasons for the impairment no longer apply.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated

impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the

asset to its working condition for its intended use, dismantling and restoration costs.

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.

-Fixtures and fittings - 25% reducing balance

-Computer equipment - 33% straight line

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of

each reporting period. The effect of any change is accounted for prospectively.

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 on a first in, first out basis and includes all costs of purchase, costs of conversion

and other costs incurred in bringing the inventories to their present location and condition. In respect of

work in progress and finished goods, cost includes a relevant proportion of overheads according to the

stage of manufacture/completion.

Net realisable value is based on estimated selling price less costs to complete and sell.

At the end of each reporting period stocks and work in progress are assessed for impairment. If any

stock or work in progress is impaired, it is reduced to its net realisable value and an impairment charge

is recognised in the income statement. Where a reversal of the impairment is required the impairment

charge is reversed, up to the original impairment loss, and is recognised as a credit in the income

statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

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. 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.

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.

Interest income

Interest income is recognised using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2016

and 31 December 2016

7,000

AMORTISATION

At 1 January 2016

4,900

Charge for year

420

At 31 December 2016

5,320

NET BOOK VALUE

At 31 December 2016

1,680

At 31 December 2015

2,100

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2016

11,863

31,540

43,403

Additions

615

-

615

At 31 December 2016

12,478

31,540

44,018

DEPRECIATION

At 1 January 2016

5,627

23,567

29,194

Charge for year

1,715

3,974

5,689

At 31 December 2016

7,342

27,541

34,883

NET BOOK VALUE

At 31 December 2016

5,136

3,999

9,135

At 31 December 2015

6,236

7,973

14,209

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,786

12,634

Amounts owed by group undertakings

25,851

23,495

Other debtors

6,300

6,300

34,937

42,429

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other loans

7,500

7,500

Trade creditors

7,781

8,741

Social security and other taxes

(51

)

33

VAT

13,742

1,492

Other creditors

420

840

Directors' current accounts

35

446

Accrued expenses

2,530

2,597

31,957

21,649

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other loans - 1-2 years

7,500

7,500

Other loans - 2-5 years

16,250

22,500

Other loans more 5yrs instal

-

1,250

23,750

31,250

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

1,250

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

100

100