Registered number
06180973
SURMAGATE LTD
Filleted Accounts
31 March 2023
SURMAGATE LTD
Registered number: 06180973
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 64,229 68,817
Current assets
Debtors 4 50,000 50,956
Cash at bank and in hand 10,166 17,231
60,166 68,187
Creditors: amounts falling due within one year 5 (7,436) (106,865)
Net current assets/(liabilities) 52,730 (38,678)
Total assets less current liabilities 116,959 30,139
Creditors: amounts falling due after more than one year 6 (90,078) (7,400)
Net assets 26,881 22,739
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,879 22,737
Shareholder's funds 26,881 22,739
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.
Mohammed Abdul Munim
Director
Approved by the board on 16 May 2023
SURMAGATE LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Over 25 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 114,269
At 31 March 2023 114,269
Depreciation
At 1 April 2022 45,452
Charge for the year 4,588
At 31 March 2023 50,040
Net book value
At 31 March 2023 64,229
At 31 March 2022 68,817
4 Debtors 2023 2022
£ £
Arta Awards 50,000 50,000
Other debtors - 956
50,000 50,956
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors current account - 103,828
Taxation and social security costs 2,836 1,837
Other creditors 4,600 1,200
7,436 106,865
6 Creditors: amounts falling due after one year 2023 2022
£ £
Directors current account 90,078 -
Other creditors - 7,400
90,078 7,400
7 Other information
SURMAGATE LTD is a private company limited by shares and incorporated in England. Its registered office is:
218A Brick Lane
London
E1 6SA
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