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Company Registration No. 04371882 (England and Wales)
Surrey Loft Company Limited Unaudited accounts for the year ended 28 February 2023
Surrey Loft Company Limited Unaudited accounts Contents
Page
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Surrey Loft Company Limited Company Information for the year ended 28 February 2023
Directors
P A Adam J R Adam
Secretary
P A Adam
Company Number
04371882 (England and Wales)
Registered Office
2-4 Stoneleigh Park Road Epsom Surrey KT19 0QT England
Accountants
Sloane Winckless & Co Chartered Accountants 2-4 Stoneleigh Park Road Epsom Surrey KT19 0QT
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Surrey Loft Company Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
672 
896 
Current assets
Inventories
1,000 
1,000 
Debtors
1,069 
1,070 
Cash at bank and in hand
30,666 
11,056 
32,735 
13,126 
Creditors: amounts falling due within one year
(9,888)
(7,418)
Net current assets
22,847 
5,708 
Total assets less current liabilities
23,519 
6,604 
Provisions for liabilities
Deferred tax
(128)
(170)
Net assets
23,391 
6,434 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
23,389 
6,432 
Shareholders' funds
23,391 
6,434 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by
P A Adam Director Company Registration No. 04371882
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Surrey Loft Company Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Surrey Loft Company Limited is a private company, limited by shares, registered in England and Wales, registration number 04371882. The registered office is 2-4 Stoneleigh Park Road, Epsom, Surrey, KT19 0QT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Depreciation
Depreciation is calculated using the rates to reduce by annual instalments the cost of the tangible assets over their estimated useful lives as follows:-
Plant & machinery
25% per annum on a reducing balance basis
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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Surrey Loft Company Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
23,739 
At 28 February 2023
23,739 
Depreciation
At 1 March 2022
22,843 
Charge for the year
224 
At 28 February 2023
23,067 
Net book value
At 28 February 2023
672 
At 28 February 2022
896 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,069 
1,070 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,193 
2,322 
Other creditors
4,695 
5,096 
9,888 
7,418 
7
Transactions with related parties
Messrs. P.A. Adam and J.R. Adam are the directors of the company and together own 100% of the issued share capital. At the balance sheet date, Mr. P.A. Adam owed £1,069 to the company (2022 - £1,069) and Mr. J.R. Adam was owed £2,180 by the company (2022 - £2,180).
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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