Company Registration No. 03983612 (England and Wales)
SSR Limited
Unaudited accounts
for the year ended 31 March 2024
SSR Limited
Unaudited accounts
Contents
SSR Limited
Company Information
for the year ended 31 March 2024
Directors
Colin Abbott
Paul Abbott
Company Number
03983612 (England and Wales)
Registered Office
Meridian House
Blackwater Way
Aldershot
GU12 4DL
England
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
SSR Limited
Statement of financial position
as at 31 March 2024
Intangible assets
207,991
233,997
Tangible assets
124,950
132,853
Inventories
466,770
582,085
Cash at bank and in hand
6,168
9,876
Creditors: amounts falling due within one year
(667,794)
(745,981)
Net current assets
216,573
236,429
Total assets less current liabilities
549,514
603,279
Creditors: amounts falling due after more than one year
(379,630)
(385,185)
Provisions for liabilities
Net assets
153,795
218,094
Called up share capital
100
100
Profit and loss account
153,695
217,994
Shareholders' funds
153,795
218,094
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by
Paul Abbott
Director
Company Registration No. 03983612
SSR Limited
Notes to the Accounts
for the year ended 31 March 2024
SSR Limited is a private company, limited by shares, registered in England and Wales, registration number 03983612. The registered office is Meridian House, Blackwater Way, Aldershot, GU12 4DL, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The goodwill is being amortised evenly over 15 years.
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:
Land & buildings
Over the length of the lease
Plant & machinery
10% Straight Line
Fixtures & fittings
33.33% Straight Line
Computer equipment
33.33% Straight Line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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.
SSR Limited
Notes to the Accounts
for the year ended 31 March 2024
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to the profit & loss account in the period to which they relate.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3
Intangible fixed assets
Goodwill
Charge for the year
26,006
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
42,684
275,539
9,086
5,961
333,270
Additions
-
14,921
7,566
-
22,487
At 31 March 2024
42,684
290,460
16,652
5,961
355,757
At 1 April 2023
42,684
145,561
6,783
5,389
200,417
Charge for the year
-
27,226
2,730
434
30,390
At 31 March 2024
42,684
172,787
9,513
5,823
230,807
At 31 March 2024
-
117,673
7,139
138
124,950
At 31 March 2023
-
129,978
2,303
572
132,853
Amounts falling due within one year
Trade debtors
279,037
272,404
Accrued income and prepayments
62,164
53,045
Other debtors
70,228
65,000
SSR Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
65,995
29,548
Trade creditors
131,011
116,677
Taxes and social security
64,281
167,437
Other creditors
253,563
249,776
Loans from directors
66,107
85,091
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
379,630
385,185
A bank loan of £350,000 is secured on the assets of the company and is repayable on a rolling 12 month date which is more than 12 months from the accounting date.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 14 (2023: 14).