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REGISTERED NUMBER: 04568323 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

SURE-CAN LIMITED

SURE-CAN LIMITED (REGISTERED NUMBER: 04568323)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SURE-CAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: S Lloyd





SECRETARY: S Lloyd





REGISTERED OFFICE: Unit 1
Henson Way
Telford Way Industrial Estate
Kettering
Northamptonshire
NN16 8PX





REGISTERED NUMBER: 04568323 (England and Wales)





ACCOUNTANTS: Elkingtons Accountants Limited
1st Floor
49 High Street
Hucknall
Nottinghamshire
NG15 7AW

SURE-CAN LIMITED (REGISTERED NUMBER: 04568323)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,588,727 1,480,093

CURRENT ASSETS
Stocks 410,379 347,504
Debtors 5 1,237,038 1,501,117
Cash at bank and in hand 1,093,083 1,043,998
2,740,500 2,892,619
CREDITORS
Amounts falling due within one year 6 1,216,538 1,277,299
NET CURRENT ASSETS 1,523,962 1,615,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,112,689

3,095,413

CREDITORS
Amounts falling due after more than one
year

7

(306,216

)

(442,141

)

PROVISIONS FOR LIABILITIES (88,454 ) (70,763 )
NET ASSETS 2,718,019 2,582,509

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,717,919 2,582,409
2,718,019 2,582,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SURE-CAN LIMITED (REGISTERED NUMBER: 04568323)

BALANCE SHEET - continued
31ST MARCH 2023


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 director and authorised for issue on 11th September 2023 and were signed by:





S Lloyd - Director


SURE-CAN LIMITED (REGISTERED NUMBER: 04568323)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Sure-Can 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SURE-CAN LIMITED (REGISTERED NUMBER: 04568323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

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 17 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 1,202,236 782,046 1,984,282
Additions 32,043 166,878 198,921
At 31st March 2023 1,234,279 948,924 2,183,203
DEPRECIATION
At 1st April 2022 94,581 409,608 504,189
Charge for year 16,519 73,768 90,287
At 31st March 2023 111,100 483,376 594,476
NET BOOK VALUE
At 31st March 2023 1,123,179 465,548 1,588,727
At 31st March 2022 1,107,655 372,438 1,480,093

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 35,000
DEPRECIATION
At 1st April 2022
and 31st March 2023 21,115
NET BOOK VALUE
At 31st March 2023 13,885
At 31st March 2022 13,885

SURE-CAN LIMITED (REGISTERED NUMBER: 04568323)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,208,712 1,023,964
Amounts owed by group undertakings - 400,000
Other debtors 28,326 77,153
1,237,038 1,501,117

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,712 54,118
Hire purchase contracts 7,025 -
Trade creditors 851,236 864,778
Taxation and social security 295,043 341,535
Other creditors 22,522 16,868
1,216,538 1,277,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 292,752 442,141
Hire purchase contracts 13,464 -
306,216 442,141

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 111,585 300,716

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 333,464 496,259
Hire purchase contracts 20,489 -
353,953 496,259

An all assets debenture was signed to secure all liabilities to Lloyds bank PLC.