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REGISTERED NUMBER: 00616970 (England and Wales)















SUPERITE TOOLS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






SUPERITE TOOLS LIMITED (REGISTERED NUMBER: 00616970)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


SUPERITE TOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: M. A. Collins





SECRETARY:





REGISTERED OFFICE: 3, Vigo Place
Aldridge
Walsall
West Midlands
WS9 8UG





REGISTERED NUMBER: 00616970 (England and Wales)





AUDITORS: Four Oaks Taxation & Accounting Services Limited
(Statutory Auditor)
Suite D, Astor House
282 Lichfield Road
Four Oaks
Sutton Coldfield
West Midlands
B74 2UG

SUPERITE TOOLS LIMITED (REGISTERED NUMBER: 00616970)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,004 2,002

CURRENT ASSETS
Stocks 34,948 46,854
Debtors 5 612,429 393,244
Cash at bank and in hand 2,496,306 2,449,647
3,143,683 2,889,745
CREDITORS
Amounts falling due within one year 6 266,709 284,315
NET CURRENT ASSETS 2,876,974 2,605,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,877,978

2,607,432

PROVISIONS FOR LIABILITIES 251 380
NET ASSETS 2,877,727 2,607,052

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,867,727 2,597,052
SHAREHOLDERS' FUNDS 2,877,727 2,607,052

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 27 November 2023 and were signed by:





M. A. Collins - Director


SUPERITE TOOLS LIMITED (REGISTERED NUMBER: 00616970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Superite Tools 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost, 25% on cost and 20% on reducing balance

Stocks
Stocks 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 stocks 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.

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.

SUPERITE TOOLS LIMITED (REGISTERED NUMBER: 00616970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

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 NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 69,898
DEPRECIATION
At 1 May 2022 67,896
Charge for year 998
At 30 April 2023 68,894
NET BOOK VALUE
At 30 April 2023 1,004
At 30 April 2022 2,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 317,766 349,738
Amounts owed by group undertakings 253,412 -
Other debtors 41,251 43,506
612,429 393,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,786 6,388
Trade creditors 107,059 96,094
Amounts owed to group undertakings 3,106 25,398
Taxation and social security 124,229 139,413
Other creditors 24,529 17,022
266,709 284,315

SUPERITE TOOLS LIMITED (REGISTERED NUMBER: 00616970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael J. Rudd FCA CTA (Senior Statutory Auditor)
for and on behalf of Four Oaks Taxation & Accounting Services Limited