Company Registration No. 11911089 (England and Wales)
Surrey Tuning Ltd
Unaudited accounts
for the year ended 31 March 2023
Surrey Tuning Ltd
Unaudited accounts
Contents
Surrey Tuning Ltd
Company Information
for the year ended 31 March 2023
Company Number
11911089 (England and Wales)
Registered Office
85 Hook Road
Epsom
KT19 8TP
Accountants
Magic Eye Consulting Ltd
85 Hook Road
Epsom
Surrey
KT19 8TP
Surrey Tuning Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
6,749
4,383
Creditors: amounts falling due within one year
7,371
9,091
Net current assets
14,680
13,894
Total assets less current liabilities
15,644
15,460
Creditors: amounts falling due after more than one year
(15,000)
(15,000)
Called up share capital
100
100
Profit and loss account
544
360
Shareholders' funds
644
460
For the year ending 31 March 2023 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 November 2023 and were signed on its behalf by
C Leppard
Director
Company Registration No. 11911089
Surrey Tuning Ltd
Notes to the Accounts
for the year ended 31 March 2023
Surrey Tuning Ltd is a private company, limited by shares, registered in England and Wales, registration number 11911089. The registered office is 85 Hook Road, Epsom, KT19 8TP.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
20% straight line
Motor vehicles
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,200
1,810
3,010
At 31 March 2023
1,200
1,810
3,010
At 1 April 2022
720
724
1,444
Charge for the year
240
362
602
At 31 March 2023
960
1,086
2,046
At 31 March 2023
240
724
964
At 31 March 2022
480
1,086
1,566
Amounts falling due within one year
Surrey Tuning Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(4,149)
493
Loans from directors
(6,669)
(12,113)
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Overdrawn loan account
12,113
-
-
12,113
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).