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REGISTERED NUMBER: 02434743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Surtech Limited

Surtech Limited (Registered number: 02434743)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Surtech Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Andrew James





SECRETARY: Andrew James





REGISTERED OFFICE: First Floor
21 Victoria Road
Surbiton
Surrey
KT5 4JZ





REGISTERED NUMBER: 02434743 (England and Wales)






Surtech Limited (Registered number: 02434743)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 44,578 37,765

CURRENT ASSETS
Stock and work in progress 96,740 143,240
Debtors 5 24,340 33,676
Cash at bank 15,817 719
136,897 177,635
CREDITORS
Amounts falling due within one year 6 (42,585 ) (107,211 )
NET CURRENT ASSETS 94,312 70,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,890

108,189

CREDITORS
Amounts falling due after more than one
year

7

(41,810

)

(36,919

)
NET ASSETS 97,080 71,270

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,980 71,170
SHAREHOLDERS' FUNDS 97,080 71,270

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

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

Surtech Limited (Registered number: 02434743)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Andrew James - Director


Surtech Limited (Registered number: 02434743)

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

1. STATUTORY INFORMATION

Surtech 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.

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.

Company has transitioned to section 1A "Small Entities" of Financial Reporting Standard 102 from 1 August 2015. Transition has no material impact.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Stock and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all 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.

Surtech Limited (Registered number: 02434743)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 86,036 142,188 228,224
Additions - 27,406 27,406
At 31 July 2023 86,036 169,594 255,630
DEPRECIATION
At 1 August 2022 68,818 121,641 190,459
Charge for year 8,604 11,989 20,593
At 31 July 2023 77,422 133,630 211,052
NET BOOK VALUE
At 31 July 2023 8,614 35,964 44,578
At 31 July 2022 17,218 20,547 37,765

Surtech Limited (Registered number: 02434743)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 9,350
Additions 27,406
Transfer to ownership (9,350 )
At 31 July 2023 27,406
DEPRECIATION
At 1 August 2022 8,997
Charge for year 6,852
Transfer to ownership (8,997 )
At 31 July 2023 6,852
NET BOOK VALUE
At 31 July 2023 20,554
At 31 July 2022 353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 20,868 31,054
Other debtors 3,472 2,622
24,340 33,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,556 6,600
Hire purchase contracts 8,679 -
Trade creditors 9,448 41,537
Taxation and social security 7,440 18,265
Other creditors 11,462 40,809
42,585 107,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 32,408 36,919
Hire purchase contracts 9,402 -
41,810 36,919

Surtech Limited (Registered number: 02434743)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Other loans - (477 )

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, A James, by reason of his majority shareholding in the company.