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REGISTERED NUMBER: 03334410 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SURESET UK LIMITED

SURESET UK LIMITED (REGISTERED NUMBER: 03334410)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

SURESET UK LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Mr P B Watts
Mr K M Weston
Mr D C Heydon



REGISTERED OFFICE: Unit 32
Deverill Road Trading Estate
Sutton Veny
Warminster
Wiltshire
BA12 7BZ



REGISTERED NUMBER: 03334410 (England and Wales)



ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



BANKERS: National Westminster Bank plc
80 Market Place
Warminster
Wiltshire
BA12 9AW

SURESET UK LIMITED (REGISTERED NUMBER: 03334410)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 46,457 41,248

CURRENT ASSETS
Stocks 200,311 191,716
Debtors 5 781,188 577,091
Cash at bank and in hand 292,021 643,989
1,273,520 1,412,796
CREDITORS
Amounts falling due within one year 6 685,023 479,623
NET CURRENT ASSETS 588,497 933,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

634,954

974,421

PROVISIONS FOR LIABILITIES 44,793 127,188
NET ASSETS 590,161 847,233

CAPITAL AND RESERVES
Called up share capital 64,092 64,092
Share premium 7 10,000 10,000
Capital redemption reserve 7 19,808 19,808
Retained earnings 7 496,261 753,333
SHAREHOLDERS' FUNDS 590,161 847,233

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 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.

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 15 April 2025 and were signed on its behalf by:





Mr D C Heydon - Director


SURESET UK LIMITED (REGISTERED NUMBER: 03334410)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Sureset 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the installation of permeable resin bound paving.

Revenue is recognised on completion of projects and contract work, at which time the works are signed off and agreed by the customer and the significant risks and rewards of ownership of the work undertaken have transferred to the customer.

Profit is recognised on long term projects when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependent upon the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and at varying rates on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks
The company holds stocks of materials and consumables associated with permeable resin bound paving. As the stock is not subject to either physical or technological obsolescence it is valued at cost.

Materials are issued to production on a first in first basis unless ordered for a specific job.

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 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.

SURESET UK LIMITED (REGISTERED NUMBER: 03334410)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors
Debtors do not carry and interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

Cash and cash equivalents
These comprise cash at bank and other short term highly liquid deposits.

Reserves
The movement in the fair value of plant and machinery and motor vehicles to open market value at the balance sheet date is recognised in a non-distributable reserve. This reserve, which also contains appropriate depreciation and deferred tax provisions, may not be distributed to shareholders.

Any movements in the reserve are not liable to corporation tax and an appropriate deferred tax provision is provided within the reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 49,771 389,884 439,655
Additions 2,833 30,784 33,617
Disposals - (28,927 ) (28,927 )
At 31 July 2024 52,604 391,741 444,345
DEPRECIATION
At 1 August 2023 49,583 348,824 398,407
Charge for year 189 23,504 23,693
Eliminated on disposal - (24,212 ) (24,212 )
At 31 July 2024 49,772 348,116 397,888
NET BOOK VALUE
At 31 July 2024 2,832 43,625 46,457
At 31 July 2023 188 41,060 41,248

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 - 25,052 25,052
Valuation in 2022 - 10,000 10,000
Cost 52,604 356,689 409,293
52,604 391,741 444,345

SURESET UK LIMITED (REGISTERED NUMBER: 03334410)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Tangible fixed assets have been uplifted to fair value at the balance sheet date. The comparable amounts for revalued assets at original cost were:

31.7.2431.7.23
£ £

Cost356,689359,742
Depreciation(316,345)(306,808)
Net Book Value40,34452,934





5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 560,430 425,255
Amounts recoverable on contract 44,848 23,740
Other debtors 175,910 128,096
781,188 577,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 13,127
Trade creditors 577,324 337,984
Taxation and social security 11,544 13,911
Other creditors 96,155 114,601
685,023 479,623

7. RESERVES

31.7.24 31.7.23
£ £

Distributable491,311745,917
Non - distributable4,9507,416
496,261753,333

Movement in Non-distributable reserve 31.7.2431.7.23
£ £

Balance brought forward 7,4169,882
Fair value uplift- -
Movement in depreciation(3,044)(3,044)
Movement in deferred tax578578
Balance carried forward 4,9507,416


SURESET UK LIMITED (REGISTERED NUMBER: 03334410)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.2431.7.23
£ £

Balance outstanding at the start of the year--
Amounts advanced4,750-
Amount repaid(957)-
Balance outstanding at the end of the year3,793-

The loans are repayable on demand and subject to interest at commercial rates.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SURESET UK LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sureset Uk Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sureset Uk Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sureset Uk Limited and state those matters that we have agreed to state to the Board of Directors of Sureset Uk Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sureset Uk Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sureset Uk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sureset Uk Limited. You consider that Sureset Uk Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sureset Uk Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


22 April 2025