Company No:
Contents
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 |
Note | 29.02.2024 | 28.02.2023 | ||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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161,481 | 98,283 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 10,871 | 7,619 | ||
Total assets less current liabilities | 10,871 | 7,619 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Surfaces HR & Safety Limited (registered number:
Mr M J Leathley
Director |
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.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
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
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
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.
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.
Year ended 29.02.2024 |
Period from 20.10.2021 to 28.02.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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29.02.2024 | 28.02.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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29.02.2024 | 28.02.2023 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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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).