Company Registration No. 04371882 (England and Wales)
Surrey Loft Company Limited
Unaudited accounts
for the year ended 29 February 2024
Surrey Loft Company Limited
Unaudited accounts
Contents
Surrey Loft Company Limited
Company Information
for the year ended 29 February 2024
Directors
P A Adam
J R Adam
Company Number
04371882 (England and Wales)
Registered Office
44 Somerset Close
New Malden
KT3 5RF
England
Surrey Loft Company Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
28,092
30,666
Creditors: amounts falling due within one year
(6,255)
(9,888)
Net current assets
22,840
22,847
Total assets less current liabilities
23,344
23,519
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
23,246
23,389
Shareholders' funds
23,248
23,391
For the year ending 29 February 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
P A Adam
Director
Company Registration No. 04371882
Surrey Loft Company Limited
Notes to the Accounts
for the year ended 29 February 2024
Surrey Loft Company Limited is a private company, limited by shares, registered in England and Wales, registration number 04371882. The registered office is 44 Somerset Close, New Malden, KT3 5RF, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer
returns, rebates and other similar allowances.
Depreciation is calculated using the rates to reduce by annual instalments the cost of the tangible assets over their estimated
useful lives as follows:
Plant & machinery
25% per annum on a reducing balance basis
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items
for taxation and accounting purposes.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated
using tax rates that have been enacted.
Surrey Loft Company Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
At 29 February 2024
23,739
At 29 February 2024
23,235
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,575
5,193
Other creditors
4,680
4,695
7
Transactions with related parties
Messrs. P.A. Adam and J.R. Adam are the directors of the company and together own 100% of the issued share capital.
At the balance sheet date, Mr. P.A. Adam owed £Nil to the company (2023 - £1,069) and Mr. J.R. Adam was owed £2,180
by the company (2023 - £2,180).
8
Average number of employees
During the year the average number of employees was 4 (2023: 2).