Registered number
08857845
Surfacing Solutions (UK) Limited
Filleted Accounts
30 November 2023
Surfacing Solutions (UK) Limited
Registered number: 08857845
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,924 3,655
Current assets
Debtors 4 93,863 102,170
Cash at bank and in hand 4,953 7,870
98,816 110,040
Creditors: amounts falling due within one year 5 (13,020) (21,264)
Net current assets 85,796 88,776
Total assets less current liabilities 88,720 92,431
Creditors: amounts falling due after more than one year 6 (23,333) (33,333)
Provisions for liabilities (775) (694)
Net assets 64,612 58,404
Capital and reserves
Called up share capital 100 100
Profit and loss account 64,512 58,304
Shareholder's funds 64,612 58,404
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Martin Burgess
Director
Approved by the board on 30 August 2024
Surfacing Solutions (UK) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised on completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets. The finance charge is allocated to each period during the lease on a straight line basis. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 5,731
At 30 November 2023 5,731
Depreciation
At 1 December 2022 2,076
Charge for the year 731
At 30 November 2023 2,807
Net book value
At 30 November 2023 2,924
At 30 November 2022 3,655
4 Debtors 2023 2022
£ £
Trade debtors 9,176 1,705
Amounts owed by group undertakings and undertakings in which the company has a participating interest 83,304 100,465
Other debtors 1,383 -
93,863 102,170
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 498 890
Taxation and social security costs 1,647 9,461
Other creditors 875 913
13,020 21,264
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,333 33,333
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 40,500 67,500
8 Controlling party
Beds Construction Holdings Limited is the company's ultimate parent undertaking. Its registered office is:
Suite 500
AW House
6-8 Stuart Street
Luton
LU1 2SJ
The company and its subsidiary undertakings comprise a small group. Beds Construction Holdings Limited has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts.
9 Other information
Surfacing Solutions (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Woodhams Farm New Barn
Springvale Road
Kings Worthy
Winchester
SO23 7LB
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