Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-011falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity1truetruefalse 06461123 2023-04-01 2024-03-31 06461123 2022-04-01 2023-03-31 06461123 2024-03-31 06461123 2023-03-31 06461123 2022-04-01 06461123 c:Director1 2023-04-01 2024-03-31 06461123 d:MotorVehicles 2023-04-01 2024-03-31 06461123 d:MotorVehicles 2024-03-31 06461123 d:MotorVehicles 2023-03-31 06461123 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06461123 d:FurnitureFittings 2023-04-01 2024-03-31 06461123 d:FurnitureFittings 2024-03-31 06461123 d:FurnitureFittings 2023-03-31 06461123 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06461123 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06461123 d:CurrentFinancialInstruments 2024-03-31 06461123 d:CurrentFinancialInstruments 2023-03-31 06461123 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06461123 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06461123 d:ShareCapital 2023-04-01 2024-03-31 06461123 d:ShareCapital 2024-03-31 06461123 d:ShareCapital 2022-04-01 2023-03-31 06461123 d:ShareCapital 2023-03-31 06461123 d:ShareCapital 2022-04-01 06461123 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 06461123 d:RetainedEarningsAccumulatedLosses 2024-03-31 06461123 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06461123 d:RetainedEarningsAccumulatedLosses 2023-03-31 06461123 d:RetainedEarningsAccumulatedLosses 2022-04-01 06461123 c:OrdinaryShareClass1 2023-04-01 2024-03-31 06461123 c:OrdinaryShareClass1 2024-03-31 06461123 c:OrdinaryShareClass1 2023-03-31 06461123 c:FRS102 2023-04-01 2024-03-31 06461123 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06461123 c:FullAccounts 2023-04-01 2024-03-31 06461123 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06461123 2 2023-04-01 2024-03-31 06461123 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06461123






SURREY ENERGY RATINGS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
SURREY ENERGY RATINGS LIMITED
REGISTERED NUMBER: 06461123

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,965
2,863

  
13,965
2,863

Current assets
  

Debtors: amounts falling due within one year
 5 
20,834
31,106

Cash at bank and in hand
 6 
5,905
14,016

  
26,739
45,122

Creditors: amounts falling due within one year
 7 
(47,844)
(37,944)

Net current (liabilities)/assets
  
 
 
(21,105)
 
 
7,178

Total assets less current liabilities
  
(7,140)
10,041

  

Net (liabilities)/assets
  
(7,140)
10,041


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
 9 
(8,140)
9,041

  
(7,140)
10,041


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.

Page 1

 
SURREY ENERGY RATINGS LIMITED
REGISTERED NUMBER: 06461123
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 November 2024.




James F Money
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
SURREY ENERGY RATINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
1,000
942
1,942


Comprehensive income for the year

Profit for the year
-
8,099
8,099
Total comprehensive income for the year
-
8,099
8,099


Total transactions with owners
-
-
-



At 1 April 2023
1,000
9,041
10,041


Comprehensive income for the year

Loss for the year
-
(17,181)
(17,181)
Total comprehensive income for the year
-
(17,181)
(17,181)


Total transactions with owners
-
-
-


At 31 March 2024
1,000
(8,140)
(7,140)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SURREY ENERGY RATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SURREY ENERGY RATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)


1.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures & fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SURREY ENERGY RATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

2024
2023
£
£

Wages and salaries
6,397
6,396

Social security costs
128
135

6,525
6,531


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
SURREY ENERGY RATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
9,450
11,001
20,451


Additions
-
18,620
18,620



At 31 March 2024

9,450
29,621
39,071



Depreciation


At 1 April 2023
7,088
10,501
17,589


Charge for the year on owned assets
2,362
5,155
7,517



At 31 March 2024

9,450
15,656
25,106



Net book value



At 31 March 2024
-
13,965
13,965



At 31 March 2023
2,363
500
2,863


5.


Debtors

2024
2023
£
£


Trade debtors
17,274
31,106

Other debtors
3,560
-

20,834
31,106



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,905
14,016

5,905
14,016


Page 7

 
SURREY ENERGY RATINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
591
-

Corporation tax
-
2,483

Other taxation and social security
-
4,824

Other creditors
45,875
29,252

Accruals and deferred income
1,378
1,385

47,844
37,944



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Reserves

Profit & loss account

The profit and loss reserve is fully distributable.

 
Page 8