Registered number
08296306
Surrey Clays Ltd
Filleted Accounts
30 November 2021
Surrey Clays Ltd
Registered number: 08296306
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 12,058 10,780
Current assets
Debtors 4 4,616 3,106
Cash at bank and in hand 1,944 680
6,560 3,786
Creditors: amounts falling due within one year 5 (12,343) (12,811)
Net current liabilities (5,783) (9,025)
Net assets 6,275 1,755
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,274 1,754
Shareholder's funds 6,275 1,755
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Grimmer
Director
Approved by the board on 19 August 2022
Surrey Clays Ltd
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2020 7,970 4,684 12,654
Additions - 2,215 2,215
At 30 November 2021 7,970 6,899 14,869
Depreciation
At 1 December 2020 - 1,874 1,874
Charge for the year - 937 937
At 30 November 2021 - 2,811 2,811
Net book value
At 30 November 2021 7,970 4,088 12,058
At 30 November 2020 7,970 2,810 10,780
4 Debtors 2021 2020
£ £
Trade debtors 4,616 3,106
5 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 1,351 612
Other creditors 10,992 12,199
12,343 12,811
6 Other information
Surrey Clays Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2a The Quadrant
Epsom
KT17 4RH
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