Sur-Clean Systems Limited 02552762 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of the supply of commercial pressure washers and equipment Digita Accounts Production Advanced 6.30.9574.0 true true 02552762 2023-01-01 2023-12-31 02552762 2023-12-31 02552762 bus:OrdinaryShareClass1 2023-12-31 02552762 core:CurrentFinancialInstruments 2023-12-31 02552762 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02552762 core:Non-currentFinancialInstruments 2023-12-31 02552762 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 02552762 core:FurnitureFittingsToolsEquipment 2023-12-31 02552762 core:MotorVehicles 2023-12-31 02552762 core:OtherPropertyPlantEquipment 2023-12-31 02552762 bus:SmallEntities 2023-01-01 2023-12-31 02552762 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02552762 bus:FullAccounts 2023-01-01 2023-12-31 02552762 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02552762 bus:RegisteredOffice 2023-01-01 2023-12-31 02552762 bus:CompanySecretary1 2023-01-01 2023-12-31 02552762 bus:Director1 2023-01-01 2023-12-31 02552762 bus:Director2 2023-01-01 2023-12-31 02552762 bus:Director3 2023-01-01 2023-12-31 02552762 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02552762 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02552762 core:ComputerEquipment 2023-01-01 2023-12-31 02552762 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02552762 core:MotorVehicles 2023-01-01 2023-12-31 02552762 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 02552762 core:PlantMachinery 2023-01-01 2023-12-31 02552762 1 2023-01-01 2023-12-31 02552762 countries:England 2023-01-01 2023-12-31 02552762 2022-12-31 02552762 core:FurnitureFittingsToolsEquipment 2022-12-31 02552762 core:MotorVehicles 2022-12-31 02552762 core:OtherPropertyPlantEquipment 2022-12-31 02552762 2022-01-01 2022-12-31 02552762 2022-12-31 02552762 bus:OrdinaryShareClass1 2022-12-31 02552762 core:CurrentFinancialInstruments 2022-12-31 02552762 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02552762 core:Non-currentFinancialInstruments 2022-12-31 02552762 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 02552762 core:FurnitureFittingsToolsEquipment 2022-12-31 02552762 core:MotorVehicles 2022-12-31 02552762 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02552762

Sur-Clean Systems Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Sur-Clean Systems Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Sur-Clean Systems Limited

Company Information

Directors

M Murphy

N C Murphy

C E Murphy

Company secretary

R Murphy

Registered office

Jubilee House
First Avenue
Poynton Industrial Estate
Poynton
Cheshire
SK12 1YJ

Accountants

McKellens Limited
Chartered Accountants
11 Riverview
The Embankment Business Park
Vale Road
Heaton Mersey
Stockport
SK4 3GN

 

Sur-Clean Systems Limited

(Registration number: 02552762)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

30,893

36,688

Investments

5

-

25,000

 

30,893

61,688

Current assets

 

Stocks

6

84,453

82,023

Debtors

7

18,065

25,460

Cash at bank and in hand

 

57,979

98,065

 

160,497

205,548

Creditors: Amounts falling due within one year

8

(93,869)

(136,572)

Net current assets

 

66,628

68,976

Total assets less current liabilities

 

97,521

130,664

Creditors: Amounts falling due after more than one year

8

(12,892)

(38,492)

Provisions for liabilities

(7,723)

(6,971)

Net assets

 

76,906

85,201

Capital and reserves

 

Called up share capital

9

180

180

Capital redemption reserve

180

180

Retained earnings

76,546

84,841

Shareholders' funds

 

76,906

85,201

 

Sur-Clean Systems Limited

(Registration number: 02552762)
Balance Sheet as at 31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

N C Murphy
Director

C E Murphy
Director

 
     
 

Sur-Clean Systems Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Jubilee House
First Avenue
Poynton Industrial Estate
Poynton
Cheshire
SK12 1YJ

These financial statements were authorised for issue by the Board on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sur-Clean Systems Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office and computer equipment

33% to 50% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Other investments are investments in listed shares on a recognised stock exchange and are shown at cost less any permament diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Sur-Clean Systems Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Sur-Clean Systems Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

21,233

42,035

2,676

65,944

Additions

1,404

2,400

-

3,804

At 31 December 2023

22,637

44,435

2,676

69,748

Depreciation

At 1 January 2023

17,833

8,757

2,666

29,256

Charge for the year

1,279

8,320

-

9,599

At 31 December 2023

19,112

17,077

2,666

38,855

Carrying amount

At 31 December 2023

3,525

27,358

10

30,893

At 31 December 2022

3,400

33,278

10

36,688

 

Sur-Clean Systems Limited

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

5

Investments

2023
£

2022
£

Other investments

-

25,000

Other investments comprise of the cost of listed shares bought as long term investments. At 31 December 2022 the market value of the shares was £9,975. During the period under review the investments were sold.

6

Stocks

2023
£

2022
£

Other inventories

84,453

82,023

7

Debtors

Current

2023
£

2022
£

Trade debtors

14,793

22,382

Prepayments

3,272

3,078

 

18,065

25,460

 

Sur-Clean Systems Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

25,600

25,600

Trade creditors

 

46,254

54,652

Taxation and social security

 

18,675

11,317

Accruals and deferred income

 

2,452

42,775

Other creditors

 

888

2,228

 

93,869

136,572

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

10

12,892

38,492

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

180

180

180

180

         

10

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

12,892

38,492

2023
£

2022
£

Current loans and borrowings

Other borrowings

25,600

25,600

 

Sur-Clean Systems Limited

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

11

Parent and ultimate parent undertaking

The ultimate controlling party is Mr N C Murphy and Mrs C E Murphy.