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REGISTERED NUMBER: 09942286 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Surface Medic Limited

Surface Medic Limited (Registered number: 09942286)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Surface Medic Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D J Griffin





SECRETARY: R P Mulholland





REGISTERED OFFICE: Solutions House
Fairways Office Park
Fulwood
Preston
Lancashire
PR2 9LF





REGISTERED NUMBER: 09942286 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Surface Medic Limited (Registered number: 09942286)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,137 9,684
19,137 9,684

CURRENT ASSETS
Debtors 6 587,952 469,523
Cash at bank 36,620 34,568
624,572 504,091
CREDITORS
Amounts falling due within one year 7 407,929 313,204
NET CURRENT ASSETS 216,643 190,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,780

200,571

CAPITAL AND RESERVES
Called up share capital 9 80 80
Capital redemption reserve 20 20
Retained earnings 235,680 200,471
SHAREHOLDERS' FUNDS 235,780 200,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Surface Medic Limited (Registered number: 09942286)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





D J Griffin - Director


Surface Medic Limited (Registered number: 09942286)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Surface Medic 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.

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

Goodwill
Goodwill relating to the acquisition of a business in 2012 has been fully amortised.

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 each asset over its estimated useful life.
Plant and machinery - 50% on cost and 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost and 33% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 8 ) .

Surface Medic Limited (Registered number: 09942286)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20
AMORTISATION
At 1 January 2023
and 31 December 2023 20
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 42,384 9,838 22,458 21,039 95,719
Additions 1,774 - 16,860 2,020 20,654
At 31 December 2023 44,158 9,838 39,318 23,059 116,373
DEPRECIATION
At 1 January 2023 42,275 9,417 13,304 21,039 86,035
Charge for year 450 421 9,830 500 11,201
At 31 December 2023 42,725 9,838 23,134 21,539 97,236
NET BOOK VALUE
At 31 December 2023 1,433 - 16,184 1,520 19,137
At 31 December 2022 109 421 9,154 - 9,684

Surface Medic Limited (Registered number: 09942286)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64,904 61,913
Provision for bad debts (6,095 ) -
Concept Building Solutions UK
Limited

407,965

288,541
Lucas Claims Solutions Limited 69,503 69,503
Service Solutions Direct
Inspections Limited - 1,094
Insurance Solutions Group Limited 38,239 35,334
Prepayments 13,436 13,138
587,952 469,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,442 4,043
Social security and other taxes 5,829 5,611
VAT 29,520 32,500
Service Solutions Direct Ltd 266,920 152,178
Service Solutions Assist Limited 87,359 97,492
Service Solutions Direct Inspe 8,631 -
Accruals and deferred income 7,228 21,380
407,929 313,204

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 9,662 9,662
Between one and five years 16,104 25,766
25,766 35,428

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
80 Ordinary £1.00 80 80

Surface Medic Limited (Registered number: 09942286)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The Company is 100% owned by its immediate parent Insurance Solutions Group Limited. The companies share a registered office. There is no ultimate controlling party.