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REGISTERED NUMBER: SC256177 (Scotland)






































Surekill Limited

Unaudited Financial Statements

for the year ended

30th September 2023






Surekill Limited (Registered number: SC256177)






Contents of the Financial Statements
for the year ended 30th September 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 8


Surekill Limited

Company Information
for the year ended 30th September 2023







Director: W J Ross





Secretary: Mrs S Ross





Registered office: 3 Meadowbank
Maxton
Melrose
Roxburghshire
TD6 0RJ





Registered number: SC256177 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Surekill Limited (Registered number: SC256177)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 80,248 91,806
80,248 91,806

Current assets
Stocks 4,191 4,612
Debtors 6 25,915 20,458
Cash at bank 85,333 77,299
115,439 102,369
Creditors
Amounts falling due within one year 7 60,483 47,196
Net current assets 54,956 55,173
Total assets less current liabilities 135,204 146,979

Creditors
Amounts falling due after more than one
year

8

(10,302

)

(19,670

)

Provisions for liabilities (17,597 ) (20,539 )
Net assets 107,305 106,770

Capital and reserves
Called up share capital 100 100
Retained earnings 107,205 106,670
Shareholders' funds 107,305 106,770

Surekill Limited (Registered number: SC256177)

Balance Sheet - continued
30th September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 director and authorised for issue on 9th February 2024 and were signed by:





W J Ross - Director


Surekill Limited (Registered number: SC256177)

Notes to the Financial Statements
for the year ended 30th September 2023

1. Statutory information

Surekill Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Goodwill
Goodwill has been fully amortised over its estimated useful life.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tenants improvements - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Surekill Limited (Registered number: SC256177)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

2. Accounting policies - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank loans, hire purchase contracts and director's loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Director's loan (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

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
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Surekill Limited (Registered number: SC256177)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

2. Accounting policies - continued

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st October 2022
and 30th September 2023 31,600
Amortisation
At 1st October 2022
and 30th September 2023 31,600
Net book value
At 30th September 2023 -
At 30th September 2022 -

5. Tangible fixed assets
Fixtures
Tenants Plant and and
improvements machinery fittings
£    £    £   
Cost
At 1st October 2022 15,902 101,835 152
Additions 2,047 13,513 -
Disposals - (2,305 ) -
At 30th September 2023 17,949 113,043 152
Depreciation
At 1st October 2022 15,902 84,821 152
Charge for year 206 8,213 -
Eliminated on disposal - (2,305 ) -
At 30th September 2023 16,108 90,729 152
Net book value
At 30th September 2023 1,841 22,314 -
At 30th September 2022 - 17,014 -

Surekill Limited (Registered number: SC256177)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1st October 2022 122,405 2,720 243,014
Additions - - 15,560
Disposals - - (2,305 )
At 30th September 2023 122,405 2,720 256,269
Depreciation
At 1st October 2022 47,613 2,720 151,208
Charge for year 18,699 - 27,118
Eliminated on disposal - - (2,305 )
At 30th September 2023 66,312 2,720 176,021
Net book value
At 30th September 2023 56,093 - 80,248
At 30th September 2022 74,792 - 91,806


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 24,959 19,530
Other debtors 956 928
25,915 20,458

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 6,181 6,097
Hire purchase contracts 3,410 9,439
Trade creditors 560 64
Taxation and social security 30,849 25,298
Other creditors 19,483 6,298
60,483 47,196

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 10,302 16,260
Hire purchase contracts - 3,410
10,302 19,670

Surekill Limited (Registered number: SC256177)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 3,410 12,849

Hire purchase contracts are secured against the assets to which they relate.

10. Post balance sheet events

Since the year end, on 10th October 2023, an interim dividend for the year ended 30th September 2023 of £105.26315 per share has been declared.A further interim dividend for the year ended 30th September 2024 of £105.26315 per share was declared on the 16th January 2024.