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REGISTERED NUMBER: 09513731 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SURF & SUN LTD

SURF & SUN LTD (REGISTERED NUMBER: 09513731)






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


SURF & SUN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G A Treloar
D C Treloar





REGISTERED OFFICE: Dunrovin
Laity Lane
Carbis Bay
St Ives
Cornwall
TR26 2TF





REGISTERED NUMBER: 09513731 (England and Wales)





ACCOUNTANTS: Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

SURF & SUN LTD (REGISTERED NUMBER: 09513731)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 41,196 51,495
Tangible assets 5 179,360 139,326
220,556 190,821

CURRENT ASSETS
Debtors 6 3,626 4,962
Cash at bank 35,101 72,082
38,727 77,044
CREDITORS
Amounts falling due within one year 7 104,131 76,038
NET CURRENT (LIABILITIES)/ASSETS (65,404 ) 1,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,152

191,827

CREDITORS
Amounts falling due after more than one
year

8

130,761

159,970
NET ASSETS 24,391 31,857

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 24,287 31,753
SHAREHOLDERS' FUNDS 24,391 31,857

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 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.

SURF & SUN LTD (REGISTERED NUMBER: 09513731)

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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





G A Treloar - Director


SURF & SUN LTD (REGISTERED NUMBER: 09513731)

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

1. STATUTORY INFORMATION

Surf & Sun Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc - 25% on reducing balance, 10% on reducing balance and Straight line over 3 years

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SURF & SUN LTD (REGISTERED NUMBER: 09513731)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 102,990
AMORTISATION
At 1 April 2022 51,495
Charge for year 10,299
At 31 March 2023 61,794
NET BOOK VALUE
At 31 March 2023 41,196
At 31 March 2022 51,495

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 232,928
Additions 65,594
Disposals (713 )
At 31 March 2023 297,809
DEPRECIATION
At 1 April 2022 93,602
Charge for year 25,491
Eliminated on disposal (644 )
At 31 March 2023 118,449
NET BOOK VALUE
At 31 March 2023 179,360
At 31 March 2022 139,326

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,626 4,962

SURF & SUN LTD (REGISTERED NUMBER: 09513731)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 29,441 29,708
Taxation and social security - 512
Other creditors 74,690 45,818
104,131 76,038

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 130,761 159,970

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 160,202 189,678

10. ULTIMATE CONTROLLING PARTY

The board of directors.