Company Registration No. 08466022 (England and Wales)
SURFTECH SURFACES LIMITED
Unaudited accounts
for the year ended 30 September 2019
SURFTECH SURFACES LIMITED
Unaudited accounts
Contents
SURFTECH SURFACES LIMITED
Company Information
for the year ended 30 September 2019
Director
Mr Duncan Wilson
Company Number
08466022 (England and Wales)
Registered Office
11 THE OAKS
HORRINGER
BURY ST. EDMUNDS
SUFFOLK
IP29 5SH
Accountants
Abbeygate Accountancy Ltd
Unit 27 Station Hill
Thurston
Bury St Edmunds
Suffolk
IP31 3QU
SURFTECH SURFACES LIMITED
Statement of financial position
as at
30 September 2019
Tangible assets
52,803
10,167
Inventories
59,141
51,748
Cash at bank and in hand
2,643
7,075
Creditors: amounts falling due within one year
(172,180)
(162,129)
Net current assets
24,520
6,673
Total assets less current liabilities
77,323
16,840
Creditors: amounts falling due after more than one year
(51,757)
(5,318)
Provisions for liabilities
Deferred tax
(5,176)
(1,831)
Called up share capital
100
100
Profit and loss account
20,290
9,591
Shareholders' funds
20,390
9,691
For the year ending 30 September 2019 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 director acknowledges his 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 and authorised for issue on 20 June 2020 and were signed on its behalf by
Mr Duncan Wilson
Director
Company Registration No. 08466022
SURFTECH SURFACES LIMITED
Notes to the Accounts
for the year ended 30 September 2019
SURFTECH SURFACES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08466022. The registered office is 11 THE OAKS, HORRINGER, BURY ST. EDMUNDS, SUFFOLK, IP29 5SH.
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.
These financial statements for the year ended 30 September 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2017.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on straight line method
SURFTECH SURFACES LIMITED
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2018
4,239
13,000
933
5,384
23,556
Additions
44,344
-
1,829
1,587
47,760
At 30 September 2019
48,583
13,000
2,762
6,971
71,316
At 1 October 2018
1,817
6,703
309
4,560
13,389
Charge for the year
2,332
1,574
292
926
5,124
At 30 September 2019
4,149
8,277
601
5,486
18,513
At 30 September 2019
44,434
4,723
2,161
1,485
52,803
At 30 September 2018
2,422
6,297
624
824
10,167
Finished goods
59,141
51,748
Trade debtors
101,242
85,419
Accrued income and prepayments
12,074
1,000
Other debtors
21,600
23,560
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
18,838
18,524
Trade creditors
123,309
133,704
Taxes and social security
9,734
4,353
Other creditors
21,909
2,004
Loans from directors
(2,735)
2,419
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
17,121
5,318
SURFTECH SURFACES LIMITED
Notes to the Accounts
for the year ended 30 September 2019
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the period the directors entered into the following advances and credits with the company:
(2,419)
81,636
76,482
2,735
(2,419)
81,636
76,482
2,735
10
Transactions with related parties
Lloyds Bank Plc holds a floating charge over the assets of the company in respect of a personal
mortgage for Mr Wilson, director.
11
Average number of employees
During the year the average number of employees was 2 (2018: 2).