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REGISTERED NUMBER: 04189399 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SURE COMMUNICATION (SUR.CO.UK) LIMITED

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SURE COMMUNICATION (SUR.CO.UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr David P. Morgan
Mrs Louisa Morgan
Mr Alexander J. Colburn





SECRETARY: Mrs Louisa Morgan





REGISTERED OFFICE: 3 Jesse Terrace
Reading
Berkshire
RG1 7RS





REGISTERED NUMBER: 04189399 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,622 8,566
Investments 6 250 250
7,872 8,816

CURRENT ASSETS
Debtors 7 51,330 64,010
Cash at bank 143,304 101,762
194,634 165,772
CREDITORS
Amounts falling due within one year 8 80,548 71,146
NET CURRENT ASSETS 114,086 94,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,958

103,442

CREDITORS
Amounts falling due after more than one
year

9

(12,234

)

(22,438

)

PROVISIONS FOR LIABILITIES 10 (1,283 ) (1,078 )
NET ASSETS 108,441 79,926

CAPITAL AND RESERVES
Called up share capital 11 105 105
Retained earnings 108,336 79,821
SHAREHOLDERS' FUNDS 108,441 79,926

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

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

The directors acknowledge their 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.

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:





Mr David P. Morgan - Director


SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Sure Communication (sur.co.uk) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Office furniture & equipment - 33% on cost

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred. At the year end, a claim for enhanced relief against the Company's Corporation Tax liability was made in respect of research and development costs incurred on the ongoing International Payroll Provider project and a Certificate of Conformity (eCoC) project during both the year ended 31st March 2023 and 31st March 2024. These costs totalled £58,664 in 2024 and £38,548 in 2023 before enhancement. These costs are included within the Company's overheads, although they are not detailed separately on the face of the Trading and Profit and Loss Account.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 32,000
Disposals (32,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 32,000
Eliminated on disposal (32,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements Office
to furniture
property & equipment Totals
£    £    £   
COST
At 1 April 2023 3,570 40,397 43,967
Additions - 2,407 2,407
Disposals - (23,358 ) (23,358 )
At 31 March 2024 3,570 19,446 23,016
DEPRECIATION
At 1 April 2023 922 34,479 35,401
Charge for year 357 2,994 3,351
Eliminated on disposal - (23,358 ) (23,358 )
At 31 March 2024 1,279 14,115 15,394
NET BOOK VALUE
At 31 March 2024 2,291 5,331 7,622
At 31 March 2023 2,648 5,918 8,566

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 250
NET BOOK VALUE
At 31 March 2024 250
At 31 March 2023 250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 51,182 63,881
Net wages debtor 129 129
PAYE and social security 19 -
51,330 64,010

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,204 9,944
Trade creditors 9,639 5,213
Corporation tax 1,442 6,060
PAYE and social security - 345
VAT 18,295 8,609
Directors' current accounts 37,268 38,905
Accruals and deferred income 3,700 2,070
80,548 71,146

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,464 10,204
Bank loans - 2-5 years 1,770 12,234
12,234 22,438

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - Accelerated Capital
Allowances

1,283

1,078

Deferred
tax
£   
Balance at 1 April 2023 1,078
Provided during year 205
Balance at 31 March 2024 1,283

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
105 Ordinary shares classes A - D £1 105 105

The total share capital of the Company is sub divided into ten separate classes of ordinary share labelled A to J inclusive, each class containing an authorised share capital of 100,000 shares.

The shares have the same rights and restrictions and rank pari passu in all respects save that as regards voting, share classes F to J inclusive shall not be entitled to vote at any general meeting of the Company and as regards income. shares classes A to J inclusive shall be entitled to payments of varying amounts of dividends at the discretion of the directors, as declared by the Company from time to time.

SURE COMMUNICATION (SUR.CO.UK) LIMITED (REGISTERED NUMBER: 04189399)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr David P. Morgan
Balance outstanding at start of year - 1,057
Amounts repaid - (1,057 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs Louisa Morgan
Balance outstanding at start of year - 7,625
Amounts repaid - (7,625 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The advances were provided interest free.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr David P. Morgan.

The ultimate controlling party is Mr David P. Morgan.