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REGISTERED NUMBER: 02434743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Surtech Limited

Surtech Limited (Registered number: 02434743)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Surtech Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Andrew James





SECRETARY: Andrew James





REGISTERED OFFICE: First Floor
21 Victoria Road
Surbiton
Surrey
KT5 4JZ





REGISTERED NUMBER: 02434743 (England and Wales)






Surtech Limited (Registered number: 02434743)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 26,974 44,578

CURRENT ASSETS
Stock and work in progress 81,957 96,740
Debtors 5 1,625 24,340
Cash at bank 39,290 15,817
122,872 136,897
CREDITORS
Amounts falling due within one year 6 (52,023 ) (42,585 )
NET CURRENT ASSETS 70,849 94,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,823

138,890

CREDITORS
Amounts falling due after more than one year 7 (27,575 ) (41,810 )
NET ASSETS 70,248 97,080

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,148 96,980
SHAREHOLDERS' FUNDS 70,248 97,080

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Surtech Limited (Registered number: 02434743)

Balance Sheet - continued
31 July 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 12 March 2025 and were signed by:





Andrew James - Director


Surtech Limited (Registered number: 02434743)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Surtech 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.

Company has transitioned to section 1A "Small Entities" of Financial Reporting Standard 102 from 1 August 2015. Transition has no material impact.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stock and work in progress to their present location and condition.

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.

Surtech Limited (Registered number: 02434743)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 86,036 169,594 255,630
DEPRECIATION
At 1 August 2023 77,422 133,630 211,052
Charge for year 8,613 8,991 17,604
At 31 July 2024 86,035 142,621 228,656
NET BOOK VALUE
At 31 July 2024 1 26,973 26,974
At 31 July 2023 8,614 35,964 44,578

Surtech Limited (Registered number: 02434743)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 27,406
DEPRECIATION
At 1 August 2023 6,852
Charge for year 5,138
At 31 July 2024 11,990
NET BOOK VALUE
At 31 July 2024 15,416
At 31 July 2023 20,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 139 20,868
Other debtors 1,486 3,472
1,625 24,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 8,679 8,679
Trade creditors 15,943 9,448
Taxation and social security 9,311 7,440
Other creditors 12,534 11,462
52,023 42,585

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 26,852 32,408
Hire purchase contracts 723 9,402
27,575 41,810

Surtech Limited (Registered number: 02434743)

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

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the director, A James, by reason of his majority shareholding in the company.