Registered number
11465755
Surrey Hills Yurts Limited
Filleted Accounts
31 July 2023
Surrey Hills Yurts Limited
Registered number: 11465755
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,470 6,145
Current assets
Debtors 4 37,876 56,310
Cash at bank and in hand 1,112 1,593
38,988 57,903
Creditors: amounts falling due within one year 5 (35,736) (22,310)
Net current assets 3,252 35,593
Total assets less current liabilities 23,722 41,738
Creditors: amounts falling due after more than one year 6 (8,357) (10,200)
Net assets 15,365 31,538
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,265 31,438
Shareholders' funds 15,365 31,538
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
D Seal
Director
Approved by the board on 11 October 2023
Surrey Hills Yurts Limited
Notes to the Accounts
for the year ended 31 July 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:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 August 2022 26,483
Additions 23,642
Disposals (11,810)
At 31 July 2023 38,315
Depreciation
At 1 August 2022 20,338
Charge for the year 7,309
On disposals (9,802)
At 31 July 2023 17,845
Net book value
At 31 July 2023 20,470
At 31 July 2022 6,145
4 Debtors 2023 2022
£ £
Trade debtors - 973
Amounts owed by group undertakings and undertakings in which the company has a participating interest 37,876 45,140
Other debtors - 10,197
37,876 56,310
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,600 -
Trade creditors 24,167 2,110
Taxation and social security costs (839) 16,170
Corporation Tax - prior year adjustment 8,808 -
Other creditors - 4,030
35,736 22,310
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,357 10,200
7 Other information
Surrey Hills Yurts Limited is a private company limited by shares and incorporated in England. Its registered office is:
Mad House Copse
Logmore Lane
Dorking
RH4 3GB
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