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REGISTERED NUMBER: 07386833 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Succurro (GB) Limited

Succurro (GB) Limited (Registered number: 07386833)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Succurro (GB) Limited

Company Information
for the Year Ended 31st May 2024







DIRECTOR: S S Jay





REGISTERED OFFICE: Unit 1 Oakside Park Industrial Estate
East Road
Sleaford
Lincolnshire
NG34 7EQ





REGISTERED NUMBER: 07386833 (England and Wales)





ACCOUNTANTS: Hood Parkes & Co
1st Floor
28 Market Place
Grantham
Lincolnshire
NG31 6LR

Succurro (GB) Limited (Registered number: 07386833)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585 786

CURRENT ASSETS
Stocks 18,763 9,753
Debtors 5 41,395 88,969
Cash at bank 8,546 10,142
68,704 108,864
CREDITORS
Amounts falling due within one year 6 36,902 74,066
NET CURRENT ASSETS 31,802 34,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,387

35,584

CREDITORS
Amounts falling due after more than one
year

7

(10,003

)

(20,000

)

PROVISIONS FOR LIABILITIES (192 ) (149 )
NET ASSETS 22,192 15,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,092 15,335
SHAREHOLDERS' FUNDS 22,192 15,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Succurro (GB) Limited (Registered number: 07386833)

Balance Sheet - continued
31st May 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th December 2024 and were signed by:





S S Jay - Director


Succurro (GB) Limited (Registered number: 07386833)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Succurro (GB) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Computer equipment - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Succurro (GB) Limited (Registered number: 07386833)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 1,110 1,312 2,422
DEPRECIATION
At 1st June 2023 599 1,037 1,636
Charge for year 126 75 201
At 31st May 2024 725 1,112 1,837
NET BOOK VALUE
At 31st May 2024 385 200 585
At 31st May 2023 511 275 786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,394 28,892
Other debtors - 13,440
Related parties debtor 4,598 16,755
Directors' current accounts 25,548 29,189
VAT 1,855 693
41,395 88,969

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 15,657 17,225
Related parties creditor 2,617 41,524
Tax 1,755 91
Social security and other taxes 1,507 1,510
Other creditors 3,966 2,621
Accrued expenses 1,400 1,095
36,902 74,066

Succurro (GB) Limited (Registered number: 07386833)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3 10,000
10,003 20,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The balance on the Directors Current Account of £25,548 (2023 £29,189). included in the figure of Debtors: Amounts falling due within one year, is owed by the Director at the Balance Sheet date. The balance is due for repayment within 9 months after the year end.

9. RELATED PARTY DISCLOSURES

Related party debtor comprises an amount due from Moor Farm Building Co. Ltd of £NIL (2023:£16,755) and from Electronic Metering Equipment & Control Ltd of £4,598. Related party creditor comprises an amount due to Doseuro (UK) Ltd of £2,617 (2023:£2563) and to Electronic Metering Equipment & Control Ltd of £NIL (2023:£38,961) . S S Jay and Mrs A Jay share a controlling interest in all these enterprises.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S S Jay and Mrs A Jay.