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
Tangible assets
33,101
29,860
Cash at bank and in hand
125,233
128,932
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
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
Surf N Turf Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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
Disposals
-
(56,522)
(56,522)
At 31 October 2024
40,000
39,519
79,519
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
At 31 October 2024
16,000
17,101
33,101
At 31 October 2023
20,000
9,860
29,860
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
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).