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REGISTERED NUMBER: 03248806 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SURWOOD CONSTRUCTION LIMITED

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SURWOOD CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: Mr A J Leeds
Mr S Sedman





REGISTERED OFFICE: Unit 6
Wood Green Industrial Estate
Station Road, Salhouse
Norwich
NR13 6NY





REGISTERED NUMBER: 03248806 (England and Wales)





ACCOUNTANTS: Farnell Clarke (Dereham) Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285,322 347,028
Investments 5 105 105
285,427 347,133

CURRENT ASSETS
Debtors 6 148,590 283,215
Cash at bank and in hand 852,552 692,304
1,001,142 975,519
CREDITORS
Amounts falling due within one year 7 85,245 113,341
NET CURRENT ASSETS 915,897 862,178
TOTAL ASSETS LESS CURRENT LIABILITIES 1,201,324 1,209,311

CREDITORS
Amounts falling due after more than one
year

8

-

(56,992

)

PROVISIONS FOR LIABILITIES (41,668 ) (45,412 )
NET ASSETS 1,159,656 1,106,907

CAPITAL AND RESERVES
Called up share capital 700 700
Retained earnings 1,158,956 1,106,207
SHAREHOLDERS' FUNDS 1,159,656 1,106,907

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

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

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:




Mr A J Leeds - Director



Mr S Sedman - Director


SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

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

1. STATUTORY INFORMATION

Surwood Construction 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 as modified by the revaluation of certain assets.

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

Retentions held by customers are recognised in the accounting period which they are due to the company.

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.
Plant and machinery - 33% on cost, 25% on reducing balance and 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

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 5 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 October 2022 145,484 191,734 6,188
Additions - 2,938 -
At 30 September 2023 145,484 194,672 6,188
DEPRECIATION
At 1 October 2022 - 95,630 5,538
Charge for year - 33,833 341
At 30 September 2023 - 129,463 5,879
NET BOOK VALUE
At 30 September 2023 145,484 65,209 309
At 30 September 2022 145,484 96,104 650

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 208,490 - 551,896
Additions - 4,928 7,866
At 30 September 2023 208,490 4,928 559,762
DEPRECIATION
At 1 October 2022 103,700 - 204,868
Charge for year 34,926 472 69,572
At 30 September 2023 138,626 472 274,440
NET BOOK VALUE
At 30 September 2023 69,864 4,456 285,322
At 30 September 2022 104,790 - 347,028

The directors have lowered their valuation of freehold property to the original cost price after considering property values in the surrounding area.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 80,990
DEPRECIATION
At 1 October 2022 2,228
Charge for year 26,251
At 30 September 2023 28,479
NET BOOK VALUE
At 30 September 2023 52,511
At 30 September 2022 78,762

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 105
NET BOOK VALUE
At 30 September 2023 105
At 30 September 2022 105

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 50,090 97,644
Amounts owed by group undertakings 70,553 43,067
Other debtors 27,947 142,504
148,590 283,215

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,518 15,259
Hire purchase contracts 23,584 22,845
Trade creditors 7,278 62,001
Taxation and social security 25,029 3,311
Other creditors 6,836 9,925
85,245 113,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 34,147
Hire purchase contracts - 22,845
- 56,992

SURWOOD CONSTRUCTION LIMITED (REGISTERED NUMBER: 03248806)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr A J Leeds
Balance outstanding at start of year 312 (702 )
Amounts advanced - 15,858
Amounts repaid - (14,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 312 312

Mr S Sedman
Balance outstanding at start of year 312 (702 )
Amounts advanced - 15,858
Amounts repaid - (14,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 312 312

The directors' loans were repaid on 31 December 2023.

10. ULTIMATE CONTROLLING PARTY

The shares in the company are held equally by the two directors, with no one shareholder having overall control of the company.