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Company Registration No. 09769590 (England and Wales)
Surf N Turf Limited Unaudited accounts for the year ended 31 October 2024
Surf N Turf Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,101 
29,860 
Current assets
Inventories
8,368 
1,850 
Debtors
2,715 
2,685 
Cash at bank and in hand
125,233 
128,932 
136,316 
133,467 
Creditors: amounts falling due within one year
(25,476)
(27,436)
Net current assets
110,840 
106,031 
Total assets less current liabilities
143,941 
135,891 
Provisions for liabilities
Deferred tax
(3,249)
(1,873)
Net assets
140,692 
134,018 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
140,592 
133,918 
Shareholders' funds
140,692 
134,018 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2025 and were signed on its behalf by
Anwar Yusuf Director Company Registration No. 09769590
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Surf N Turf Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Surf N Turf Limited is a private company, limited by shares, registered in England and Wales, registration number 09769590. The registered office is 122 Charles Street, Leicester, LE1 1LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Surf N Turf Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
40,000 
80,906 
120,906 
Additions
- 
15,135 
15,135 
Disposals
- 
(56,522)
(56,522)
At 31 October 2024
40,000 
39,519 
79,519 
Depreciation
At 1 November 2023
20,000 
71,046 
91,046 
Charge for the year
4,000 
7,894 
11,894 
On disposals
- 
(56,522)
(56,522)
At 31 October 2024
24,000 
22,418 
46,418 
Net book value
At 31 October 2024
16,000 
17,101 
33,101 
At 31 October 2023
20,000 
9,860 
29,860 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,715 
2,685 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
20,808 
24,815 
Other creditors
2,118 
71 
Accruals
2,550 
2,550 
25,476 
27,436 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 October 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,500 
16,500 
9
Average number of employees
During the year the average number of employees was 15 (2023: 13).
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