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REGISTERED NUMBER: 09828772 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Surrey Roofing Service Limited

Surrey Roofing Service Limited (Registered number: 09828772)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Surrey Roofing Service Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: D Northwood
R Northwood





REGISTERED OFFICE: 21 Sheep Walk
Shepperton
Middlesex
TW17 0AU





REGISTERED NUMBER: 09828772 (England and Wales)

Surrey Roofing Service Limited (Registered number: 09828772)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,415 15,525

CURRENT ASSETS
Stocks 20,913 45,841
Debtors 6 133,225 134,825
Cash at bank 1,817 6,906
155,955 187,572
CREDITORS
Amounts falling due within one year 7 118,736 129,591
NET CURRENT ASSETS 37,219 57,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,634

73,506

CREDITORS
Amounts falling due after more than one
year

8

(46,240

)

(70,608

)

PROVISIONS FOR LIABILITIES (2,290 ) (2,776 )
NET ASSETS 104 122

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4 22
SHAREHOLDERS' FUNDS 104 122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Surrey Roofing Service Limited (Registered number: 09828772)

Balance Sheet - continued
31 December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





D Northwood - Director


Surrey Roofing Service Limited (Registered number: 09828772)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Surrey Roofing Service Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in sterling (£) which is also the functional currency for the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits or against the reversal of deferred tax liabilities.

Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Trade and other receivables
Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.

Surrey Roofing Service Limited (Registered number: 09828772)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. ACCOUNTING POLICIES - continued

Trade and other payables
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022
and 31 December 2022 2,000 28,750 4,595 35,345
DEPRECIATION
At 1 January 2022 2,000 14,141 3,679 19,820
Charge for year - 3,652 458 4,110
At 31 December 2022 2,000 17,793 4,137 23,930
NET BOOK VALUE
At 31 December 2022 - 10,957 458 11,415
At 31 December 2021 - 14,609 916 15,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 2,029
Other debtors 133,225 132,796
133,225 134,825

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 20,510 19,080
Hire purchase contracts 3,857 4,080
Trade creditors 23,170 51,094
Taxation and social security 42,321 29,388
Other creditors 28,878 25,949
118,736 129,591

Surrey Roofing Service Limited (Registered number: 09828772)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 46,240 66,751
Hire purchase contracts - 3,857
46,240 70,608

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The bank loan is secured by a personal guarantee from the company directors D. & R. Northwood.