Silverfin false 29/02/2024 01/03/2023 29/02/2024 Mr M J Evison 20/10/2021 Mr M J Leathley 20/10/2021 29 November 2024 The principal activity of the Company during the year is the provision of payroll, HR and health and safety administration for the group. 13692302 2024-02-29 13692302 bus:Director1 2024-02-29 13692302 bus:Director2 2024-02-29 13692302 core:CurrentFinancialInstruments 2024-02-29 13692302 core:CurrentFinancialInstruments 2023-02-28 13692302 2023-02-28 13692302 core:ShareCapital 2024-02-29 13692302 core:ShareCapital 2023-02-28 13692302 core:RetainedEarningsAccumulatedLosses 2024-02-29 13692302 core:RetainedEarningsAccumulatedLosses 2023-02-28 13692302 2023-03-01 2024-02-29 13692302 bus:FullAccounts 2023-03-01 2024-02-29 13692302 bus:SmallEntities 2023-03-01 2024-02-29 13692302 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13692302 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13692302 bus:Director1 2023-03-01 2024-02-29 13692302 bus:Director2 2023-03-01 2024-02-29 13692302 2021-10-20 2023-02-28 iso4217:GBP xbrli:pure

Company No: 13692302 (England and Wales)

SURFACES HR & SAFETY LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

SURFACES HR & SAFETY LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

SURFACES HR & SAFETY LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
SURFACES HR & SAFETY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTORS Mr M J Evison
Mr M J Leathley
REGISTERED OFFICE Carlyle House
78 Chorley New Road
Bolton
BL1 4BY
United Kingdom
COMPANY NUMBER 13692302 (England and Wales)
CHARTERED ACCOUNTANTS Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
SURFACES HR & SAFETY LIMITED

BALANCE SHEET

As at 29 February 2024
SURFACES HR & SAFETY LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Current assets
Debtors 3 149,202 87,684
Cash at bank and in hand 12,279 10,599
161,481 98,283
Creditors: amounts falling due within one year 4 ( 150,610) ( 90,664)
Net current assets 10,871 7,619
Total assets less current liabilities 10,871 7,619
Net assets 10,871 7,619
Capital and reserves
Called-up share capital 100 100
Profit and loss account 10,771 7,519
Total shareholder's funds 10,871 7,619

For the financial 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.

Directors' responsibilities:

The financial statements of Surfaces HR & Safety Limited (registered number: 13692302) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Mr M J Leathley
Director
SURFACES HR & SAFETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
SURFACES HR & SAFETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Surfaces HR & Safety Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carlyle House, 78 Chorley New Road, Bolton, BL1 4BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
29.02.2024
Period from
20.10.2021 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 25 25

3. Debtors

29.02.2024 28.02.2023
£ £
Trade debtors 1 87,584
Other debtors 149,201 100
149,202 87,684

4. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Trade creditors 440 13,750
Taxation and social security 56,820 23,868
Other creditors 93,350 53,046
150,610 90,664

5. Related party transactions

Other related party transactions

As at the balance sheet date the company was owed the following amount by a related company. The amount is disclosed as Other debtors :
Tradescape Holdings Limited £100 (2023:£100) &
Surfaces Group Limited £149,101 (2023:£nil).

Also at the balance sheet date the company owed the following amounts to related companies. The amounts are disclosed as Other creditors :
Surfaces Group Limited £86,942 (2023: £23,192) &
Tradescape Limited £nil (2023:£25,273).