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REGISTERED NUMBER: 06597541 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MID SURREY RENOVATORS LIMITED

MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MID SURREY RENOVATORS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S A Cullingham





SECRETARY: L T Cullingham





REGISTERED OFFICE: C/O BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH





REGISTERED NUMBER: 06597541 (England and Wales)





ACCOUNTANTS: BWBCA Limited
Dukes Court
Duke Street
Woking
Surrey
GU21 5BH

MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 56,753 28,587
56,753 28,587

CURRENT ASSETS
Stocks 2,750 3,000
Debtors 7 56,897 38,739
Cash at bank - 4,727
59,647 46,466
CREDITORS
Amounts falling due within one year 8 53,853 37,903
NET CURRENT ASSETS 5,794 8,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,547

37,150

CREDITORS
Amounts falling due after more than one
year

9

(52,915

)

(31,667

)

PROVISIONS FOR LIABILITIES (8,933 ) (4,810 )
NET ASSETS 699 673

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 599 573
SHAREHOLDERS' FUNDS 699 673

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

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

MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2023 and were signed by:





S A Cullingham - Director


MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mid Surrey Renovators 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value, net of value added tax, of goods provided to customers and work carried out in respect of services provided to customers, and is invoiced on a work done basis. Turnover is also adjusted to take into account amounts relating to long-term contracts and contracts for ongoing projects. The turnover regarding such contracts represents the value of work carried out during the period, including estimates of amounts not invoiced at the period end, determined by reference to the stage of completion, and a provision for retentions as per the terms agreed at the conception of the contract.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Storage area - 20% on cost
Plant and machinery - 20% on cost and 18% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost, 20% on cost and 18% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material 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.

4. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

5. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 April 2022
and 31 March 2023 3,800
AMORTISATION
At 1 April 2022
and 31 March 2023 3,800
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Storage Plant and and
area machinery fittings
£    £    £   
COST
At 1 April 2022 20,224 43,437 1,208
Additions - - -
Disposals - (1,414 ) (1,075 )
At 31 March 2023 20,224 42,023 133
DEPRECIATION
At 1 April 2022 16,953 26,725 1,127
Charge for year 2,764 5,003 34
Eliminated on disposal - (1,117 ) (1,075 )
At 31 March 2023 19,717 30,611 86
NET BOOK VALUE
At 31 March 2023 507 11,412 47
At 31 March 2022 3,271 16,712 81

MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 41,391 6,067 112,327
Additions 41,379 - 41,379
Disposals - (1,875 ) (4,364 )
At 31 March 2023 82,770 4,192 149,342
DEPRECIATION
At 1 April 2022 34,778 4,157 83,740
Charge for year 3,694 1,188 12,683
Eliminated on disposal - (1,642 ) (3,834 )
At 31 March 2023 38,472 3,703 92,589
NET BOOK VALUE
At 31 March 2023 44,298 489 56,753
At 31 March 2022 6,613 1,910 28,587

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 27,735 9,787
Other debtors 29,162 28,952
56,897 38,739

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 30,825 10,000
Hire purchase contracts (see note 10) 6,252 -
Trade creditors 11,474 5,065
Taxation and social security 4,676 9,419
Other creditors 626 13,419
53,853 37,903

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,667 31,667
Hire purchase contracts (see note 10) 31,248 -
52,915 31,667

MID SURREY RENOVATORS LIMITED (REGISTERED NUMBER: 06597541)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 6,252 -
Between one and five years 31,248 -
37,500 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director and company secretary owed the company £25,598 (2022: £17,716). This amount has been repaid to the company within 9 months of the year end. Interest has been charged at the HMRC approved beneficial loans rate.

Included within other creditors is a loan which has been secured with a personal guarantee given by the director - the total owed at the balance sheet date was £nil (2022: £12,793).