Sunbird (U.K.) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC105100 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Sunbird (U.K.) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E H Martin

S Limb

SECRETARY:

A I Armstrong

REGISTERED OFFICE:

Clyde Marina

The Harbour

Ardrossan

Ayrshire

KA22 8DB

REGISTERED NUMBER:

SC105100 (Scotland)

ACCOUNTANTS:

Armstrongs Accounting Services Limited

7 Dunvegan Drive

Newton Mearns

Glasgow

G77 5EB

FIXED ASSETS

Tangible assets

4

3,265

3,364

Investments

5

2,550

2,550

5,815

5,914

CURRENT ASSETS

Debtors

6

198,314

308,131

Cash at bank and in hand

103,511

259,767

301,825

567,898

CREDITORS

Amounts falling due within one year

7

230,737

550,100

NET CURRENT ASSETS

71,088

17,798

TOTAL ASSETS LESS CURRENT LIABILITIES

76,903

23,712

CREDITORS

Amounts falling due after more than one year

8

37,500

-

NET ASSETS

39,403

23,712

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

(10,597

)

(26,288

)

39,403

23,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

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 21 March 2022 and were signed on its behalf by:

E H Martin - Director

1.	STATUTORY INFORMATION

Sunbird (U.K.) Limited is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

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 (2020 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

77,055

Additions

1,996

At 31 August 2021

79,051

DEPRECIATION

At 1 September 2020

73,691

Charge for year

2,095

At 31 August 2021

75,786

NET BOOK VALUE

At 31 August 2021

3,265

At 31 August 2020

3,364

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2020

and 31 August 2021

2,550

NET BOOK VALUE

At 31 August 2021

2,550

At 31 August 2020

2,550

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

37,757

48,216

Other debtors

160,557

259,915

198,314

308,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

10,000

50,000

Trade creditors

194,343

151,656

Taxation and social security

14,395

16,585

Other creditors

11,999

331,859

230,737

550,100

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans

37,500

-

9.	RELATED PARTY DISCLOSURES

Mr E Martin and Mr S Limb are directors of Clyde Marina Limited and Sunbird International Motor Yachts Limited

At 31 August 2021 Sunbird (UK) Limited, having made a provision for non recovery, was owed £nil from Sunbird International Motor Yachts Limited (2020 £nil) and owed, after having received loan forgiveness, £9,258 to Clyde Marina Limited (2020 £217,693)

During the year to 31 August 2021 the company received a management cost contribution from Clyde Marina Limited of £121,307 (2020 £111,490).