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Company Registration No. 11958390 (England and Wales)
Surrey Auctions Limited Unaudited accounts for the year ended 30 April 2024
Surrey Auctions Limited Unaudited accounts Contents
Page
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Surrey Auctions Limited Company Information for the year ended 30 April 2024
Director
M Conroy
Secretary
M Conroy
Company Number
11958390 (England and Wales)
Registered Office
The Studio New Street Petworth GU28 0AS England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Surrey Auctions Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,961 
11,949 
Current assets
Inventories
15,230 
15,230 
Debtors
525 
14,667 
Cash at bank and in hand
326 
14,030 
16,081 
43,927 
Creditors: amounts falling due within one year
(54,601)
(40,419)
Net current (liabilities)/assets
(38,520)
3,508 
Total assets less current liabilities
(29,559)
15,457 
Creditors: amounts falling due after more than one year
(26,308)
(26,086)
Net liabilities
(55,867)
(10,629)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(55,868)
(10,630)
Shareholders' funds
(55,867)
(10,629)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2024 and were signed on its behalf by
M Conroy Director Company Registration No. 11958390
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Surrey Auctions Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Surrey Auctions Limited is a private company, limited by shares, registered in England and Wales, registration number 11958390. The registered office is The Studio, New Street, Petworth, GU28 0AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
19,514 
1,625 
5,602 
26,741 
At 30 April 2024
19,514 
1,625 
5,602 
26,741 
Depreciation
At 1 May 2023
10,596 
1,111 
3,085 
14,792 
Charge for the year
2,230 
129 
629 
2,988 
At 30 April 2024
12,826 
1,240 
3,714 
17,780 
Net book value
At 30 April 2024
6,688 
385 
1,888 
8,961 
At 30 April 2023
8,918 
514 
2,517 
11,949 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
525 
14,667 
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Surrey Auctions Limited Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,862 
9,862 
VAT
918 
841 
Trade creditors
285 
30,532 
Taxes and social security
(2,008)
(2,008)
Loans from directors
45,544 
- 
Accruals
- 
1,192 
54,601 
40,419 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,308 
26,086 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M Conroy
Director Loan
14,143 
(83,406)
(23,719)
(45,544)
14,143 
(83,406)
(23,719)
(45,544)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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