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SUNYANI MARKET LTD - Company Information

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Company Registration Number:
08360714 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2022

Period of accounts

Start date: 01 February 2021

End date: 31 January 2022

Contents of the Financial Statements

for the Period Ended 31 January 2022


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Directors' Report Period Ended 31 January 2022

The directors present their report with the financial statements of the company for the period ended 31 January 2022

Principal Activities

The company's principal activity during the year continued to be retail sale in non-specialised store with food and beverages.

Directors

The directors shown below have held office during the whole of the period from 01 February 2021 to 31 January 2022
Georgina Baaffour

This report was approved by the board of directors on 5 August 2022
And Signed On Behalf Of The Board By:

Name: Georgina Baaffour
Status: Director

Profit and Loss Account

for the Period Ended 31 January 2022

	2022 £	2021 £
Turnover	149,636	180,919
Cost of sales	( 73,509 )	( 111,559 )
Gross Profit or (Loss)	76,127	69,360
Administrative Expenses	( 74,840 )	( 80,666 )
Operating Profit or (Loss)	1,287	( 11,306 )
Profit or (Loss) Before Tax	1,287	( 11,306 )
Profit or (Loss) for Period	1,287	( 11,306 )

The notes form part of these financial statements

Balance sheet

As at 31 January 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible assets:	4	10,025	8,558
Total fixed assets:		10,025	8,558
Current assets
Stocks:		15,500	8,000
Cash at bank and in hand:		11,654	23,831
Total current assets:		27,154	31,831
Creditors: amounts falling due within one year:	5	( 2,024 )	( 3,459 )
Net current assets (liabilities):		25,130	28,372
Total assets less current liabilities:		35,155	36,930
Creditors: amounts falling due after more than one year:	6	( 46,938 )	( 50,000 )
Total net assets (liabilities):		( 11,783 )	( 13,070 )

The notes form part of these financial statements

Balance sheet continued

As at 31 January 2022

	2022 £	2021 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 11,784 )	( 13,071 )
Shareholders funds:	( 11,783 )	( 13,070 )

For the year ending 31 January 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 5 August 2022
And Signed On Behalf Of The Board By:

Name: Georgina Baaffour
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 January 2022

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years

Notes to the Financial Statements

for the Period Ended 31 January 2022

2. Employees

	2022	2021
Average number of employees during the period	2	2

Notes to the Financial Statements

for the Period Ended 31 January 2022

3. Off balance sheet disclosure

No

Notes to the Financial Statements

for the Period Ended 31 January 2022

4. Tangible assets

	Fixtures & fittings	Motor vehicles	Total
Cost	£	£	£
At 01 February 2021	4,543	9,960	14,503
Additions	-	5,061	5,061
Disposals	-	-	-
Revaluations	-	-	-
Transfers	-	-	-
At 31 January 2022	4,543	15,021	19,564
Depreciation
At 01 February 2021	3,953	1,992	5,945
Charge for year	590	3,004	3,594
On disposals	-	-	-
Other adjustments	-	-	-
At 31 January 2022	4,543	4,996	9,539
Net book value
At 31 January 2022	0	10,025	10,025
At 31 January 2021	590	7,968	8,558

Notes to the Financial Statements

for the Period Ended 31 January 2022

5.Creditors: amounts falling due within one year note

	2022 £	2021 £
Trade creditors	1,200	1,525
Other creditors	824	1,934
Total	2,024	3,459

Notes to the Financial Statements

for the Period Ended 31 January 2022

6.Creditors: amounts falling due after more than one year

	2022 £	2021 £
Bank loans and overdrafts	46,938	50,000
Total	46,938	50,000

Director:		Georgina Baaffour


Registered office:		Unit 18 To 20 Tooting Broadway Market Tooting High Street London SW17 0RJ


Company Registration Number:		08360714 (England and Wales)

Accounts Submission