2023-03-012024-02-292024-02-29false13893679Surf and Turf Ltd2024-11-0656101iso4217:GBPxbrli:pure138936792023-03-01138936792024-02-29138936792023-03-012024-02-29138936792022-02-04138936792023-02-28138936792022-02-042023-02-2813893679bus:SmallEntities2023-03-012024-02-2913893679bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2913893679bus:FullAccounts2023-03-012024-02-2913893679bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913893679core:WithinOneYear2024-02-2913893679core:AfterOneYear2024-02-2913893679core:WithinOneYear2023-02-2813893679core:AfterOneYear2023-02-2813893679core:ShareCapital2024-02-2913893679core:SharePremium2024-02-2913893679core:RevaluationReserve2024-02-2913893679core:OtherReservesSubtotal2024-02-2913893679core:RetainedEarningsAccumulatedLosses2024-02-2913893679core:ShareCapital2023-02-2813893679core:SharePremium2023-02-2813893679core:RevaluationReserve2023-02-2813893679core:OtherReservesSubtotal2023-02-2813893679core:RetainedEarningsAccumulatedLosses2023-02-2813893679core:LandBuildings2024-02-2913893679core:PlantMachinery2024-02-2913893679core:Vehicles2024-02-2913893679core:FurnitureFittings2024-02-2913893679core:OfficeEquipment2024-02-2913893679core:NetGoodwill2024-02-2913893679core:IntangibleAssetsOtherThanGoodwill2024-02-2913893679core:ListedExchangeTraded2024-02-2913893679core:UnlistedNon-exchangeTraded2024-02-2913893679core:LandBuildings2023-02-2813893679core:PlantMachinery2023-02-2813893679core:Vehicles2023-02-2813893679core:FurnitureFittings2023-02-2813893679core:OfficeEquipment2023-02-2813893679core:NetGoodwill2023-02-2813893679core:IntangibleAssetsOtherThanGoodwill2023-02-2813893679core:ListedExchangeTraded2023-02-2813893679core:UnlistedNon-exchangeTraded2023-02-2813893679core:LandBuildings2023-03-012024-02-2913893679core:PlantMachinery2023-03-012024-02-2913893679core:Vehicles2023-03-012024-02-2913893679core:FurnitureFittings2023-03-012024-02-2913893679core:OfficeEquipment2023-03-012024-02-2913893679core:NetGoodwill2023-03-012024-02-2913893679core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913893679core:ListedExchangeTraded2023-03-012024-02-2913893679core:UnlistedNon-exchangeTraded2023-03-012024-02-2913893679core:MoreThanFiveYears2023-03-012024-02-2913893679core:Non-currentFinancialInstruments2024-02-2913893679core:Non-currentFinancialInstruments2023-02-2813893679dpl:CostSales2023-03-012024-02-2913893679dpl:DistributionCosts2023-03-012024-02-2913893679core:LandBuildings2023-03-012024-02-2913893679core:PlantMachinery2023-03-012024-02-2913893679core:Vehicles2023-03-012024-02-2913893679core:FurnitureFittings2023-03-012024-02-2913893679core:OfficeEquipment2023-03-012024-02-2913893679dpl:AdministrativeExpenses2023-03-012024-02-2913893679core:NetGoodwill2023-03-012024-02-2913893679core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913893679dpl:GroupUndertakings2023-03-012024-02-2913893679dpl:ParticipatingInterests2023-03-012024-02-2913893679dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2913893679core:ListedExchangeTraded2023-03-012024-02-2913893679dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2913893679core:UnlistedNon-exchangeTraded2023-03-012024-02-2913893679dpl:CostSales2022-02-042023-02-2813893679dpl:DistributionCosts2022-02-042023-02-2813893679core:LandBuildings2022-02-042023-02-2813893679core:PlantMachinery2022-02-042023-02-2813893679core:Vehicles2022-02-042023-02-2813893679core:FurnitureFittings2022-02-042023-02-2813893679core:OfficeEquipment2022-02-042023-02-2813893679dpl:AdministrativeExpenses2022-02-042023-02-2813893679core:NetGoodwill2022-02-042023-02-2813893679core:IntangibleAssetsOtherThanGoodwill2022-02-042023-02-2813893679dpl:GroupUndertakings2022-02-042023-02-2813893679dpl:ParticipatingInterests2022-02-042023-02-2813893679dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-042023-02-2813893679core:ListedExchangeTraded2022-02-042023-02-2813893679dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-042023-02-2813893679core:UnlistedNon-exchangeTraded2022-02-042023-02-2813893679core:NetGoodwill2024-02-2913893679core:IntangibleAssetsOtherThanGoodwill2024-02-2913893679core:LandBuildings2024-02-2913893679core:PlantMachinery2024-02-2913893679core:Vehicles2024-02-2913893679core:FurnitureFittings2024-02-2913893679core:OfficeEquipment2024-02-2913893679core:AfterOneYear2024-02-2913893679core:WithinOneYear2024-02-2913893679core:ListedExchangeTraded2024-02-2913893679core:UnlistedNon-exchangeTraded2024-02-2913893679core:ShareCapital2024-02-2913893679core:SharePremium2024-02-2913893679core:RevaluationReserve2024-02-2913893679core:OtherReservesSubtotal2024-02-2913893679core:RetainedEarningsAccumulatedLosses2024-02-2913893679core:NetGoodwill2023-02-2813893679core:IntangibleAssetsOtherThanGoodwill2023-02-2813893679core:LandBuildings2023-02-2813893679core:PlantMachinery2023-02-2813893679core:Vehicles2023-02-2813893679core:FurnitureFittings2023-02-2813893679core:OfficeEquipment2023-02-2813893679core:AfterOneYear2023-02-2813893679core:WithinOneYear2023-02-2813893679core:ListedExc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Surf and Turf Ltd

Registered Number
13893679
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Surf and Turf Ltd
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Jamie-Lee Job
Marilyn Job
Benedict Quinn

Registered Address

11a Kimberley Park Road
Falmouth
Cornwall
TR11 2DA

Registered Number

13893679 (England and Wales)
Surf and Turf Ltd
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-3,675
-3,675
Current assets
Stocks4-12,570
Debtors5-2,321
Cash at bank and on hand-8,000
-22,891
Creditors amounts falling due within one year6(40,898)(64,020)
Net current assets (liabilities)(40,898)(41,129)
Total assets less current liabilities(40,898)(37,454)
Net assets(40,898)(37,454)
Capital and reserves
Called up share capital100100
Profit and loss account(40,998)(37,554)
Shareholders' funds(40,898)(37,454)
The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2024, and are signed on its behalf by:
Benedict Quinn
Director
Jamie-Lee Job
Director
Marilyn Job
Director

Registered Company No. 13893679
Surf and Turf Ltd
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined benefit pension plan
The company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan. The liability recognised in the balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the reporting date less the fair value of the plan assets at the reporting date. The defined benefit obligation is calculated using the projected unit credit method. Annually the group engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating the estimated period of the future payments('discount rate'). The fair value of plan assets is measured in accordance with the FRS 102 fair value hierarchy and in accordance with the group's policy for similarly held assets. This includes the use of appropriate valuation techniques. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'remeasurement of net defined benefit liability'. The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises: the increase in pension benefit liability arising from employee service during the period; and the cost of plan introductions, benefit changes, curtailments and settlements.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year015
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 March 232904,6104,900
Disposals(290)(4,610)(4,900)
Depreciation and impairment
At 01 March 23721,1531,225
On disposals(72)(1,153)(1,225)
Net book value
At 29 February 24---
At 28 February 232183,4573,675
4.Stocks

2024

2023

££
Raw materials and consumables-12,570
Total-12,570
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-2,321
Total-2,321
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-7,246
Taxation and social security-6,956
Other creditors40,89848,196
Accrued liabilities and deferred income-1,622
Total40,89864,020
7.Share capital
As at 29 February 2024 the company had nominal share capital of £100 (2023: £100) consisting of 100 ordinary shares (2023: 100) of £1 at par value. These shares have been allotted and fully paid.