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REGISTERED NUMBER: 01311760 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2023

for

The Surrey Embroidery Co. Limited

The Surrey Embroidery Co. Limited (Registered number: 01311760)






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


The Surrey Embroidery Co. Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J F Smith





SECRETARY: Mrs R J Smith





REGISTERED OFFICE: The Coach House
Unit 2
1 Fengates Road
Redhill
Surrey
RH1 6AQ





REGISTERED NUMBER: 01311760 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

The Surrey Embroidery Co. Limited (Registered number: 01311760)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 32,598 43,491

CURRENT ASSETS
Stocks 6 7,310 6,960
Debtors 7 11,141 24,517
Cash at bank and in hand 89 837
18,540 32,314
CREDITORS
Amounts falling due within one year 8 56,255 84,164
NET CURRENT LIABILITIES (37,715 ) (51,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,117

)

(8,359

)

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings (5,617 ) (8,859 )
SHAREHOLDERS' FUNDS (5,117 ) (8,359 )

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 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 Surrey Embroidery Co. Limited (Registered number: 01311760)

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





J F Smith - Director


The Surrey Embroidery Co. Limited (Registered number: 01311760)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

The Surrey Embroidery Co. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis as the director considers the company will continue to trade with the full and continued support of the director and shareholders.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

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.


The Surrey Embroidery Co. Limited (Registered number: 01311760)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 122,189 13,467 135,656
DEPRECIATION
At 1 October 2022 78,728 13,437 92,165
Charge for year 10,886 7 10,893
At 30 September 2023 89,614 13,444 103,058
NET BOOK VALUE
At 30 September 2023 32,575 23 32,598
At 30 September 2022 43,461 30 43,491

6. STOCKS
30.9.23 30.9.22
£    £   
Raw materials 7,310 6,960

The Surrey Embroidery Co. Limited (Registered number: 01311760)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 8,604 22,274
Prepayments and accrued income 2,537 2,243
11,141 24,517

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 11,280 -
Trade creditors 6,195 44,541
Social security and other taxes 2,781 2,747
Nest Creditor 196 197
VAT 2,787 3,128
Other creditors 28,860 29,860
Overpayments 898 312
Directors' current accounts 1,000 1,500
Accrued expenses 2,258 1,879
56,255 84,164

9. OTHER FINANCIAL COMMITMENTS

Financial commitments not included in the financial statements
The company had financial commitments not included in the financial statements totalling £4,200 (2022 - £5,400) at the year end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J F Smith.

11. DIRECTOR'S CONSIDERATION OF GOING CONCERN

The director has considered the basis of the preparation of the financial statements in the director's report.