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Registration number: 07014312

Surevent (UK) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Surevent (UK) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Surevent (UK) Limited

Company Information

Directors

S Tong

C M Webster

A Olds

T Olds

Company secretary

C M Webster

Registered office

Copylake Farm
Bridge Reeve
Chulmleigh
Devon
EX18 7BB


 

Accountants

SKP Tax & Accounting Services Ltd
t/a AIMS Accountants for Business17 Mileway Gardens
Headington
Oxford
OX3 7XH

 

Surevent (UK) Limited

(Registration number: 07014312)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

40,604

45,291

Current assets

 

Debtors

790,034

1,109,493

Cash at bank and in hand

 

75,941

23,806

 

865,975

1,133,299

Prepayments and accrued income

 

3,000

2,521

Creditors: Amounts falling due within one year

(878,184)

(912,437)

Net current (liabilities)/assets

 

(9,209)

223,383

Total assets less current liabilities

 

31,395

268,674

Creditors: Amounts falling due after more than one year

(10,833)

(20,833)

Provisions for liabilities

(7,059)

(17,204)

Accruals and deferred income

 

(7,858)

(6,693)

Net assets

 

5,645

223,944

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

5,545

223,844

Shareholders' funds

 

5,645

223,944

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Surevent (UK) Limited

(Registration number: 07014312)
Abridged Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 27 June 2025 and signed on its behalf by:
 

.........................................
S Tong
Director

 

Surevent (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Copylake Farm
Bridge Reeve
Chulmleigh
Devon
EX18 7BB

These financial statements were authorised for issue by the Board on 27 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Surevent (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Fixtures and fittings

20% reducing balance

Computer equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Surevent (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 52 (2023 - 45).

 

Surevent (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

19,124

6,136

26,913

51,795

103,968

Additions

-

-

10,189

-

10,189

Disposals

-

-

-

(15,000)

(15,000)

At 30 September 2024

19,124

6,136

37,102

36,795

99,157

Depreciation

At 1 October 2023

13,479

5,222

22,084

17,894

58,679

Charge for the year

3,167

183

2,720

5,199

11,269

Eliminated on disposal

-

-

-

(11,395)

(11,395)

At 30 September 2024

16,646

5,405

24,804

11,698

58,553

Carrying amount

At 30 September 2024

2,478

731

12,298

25,097

40,604

At 30 September 2023

5,646

914

4,829

33,902

45,291

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 shares of £1 each

100

100

100

100

       

6

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £920.00 (2023 - £2,400.00) per each Ordinary £1 shares

92,000

240,000

 

 

Interim dividends paid

 

Surevent (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

2024
£

2023
£

Interim dividend of £Nil per each Ordinary £1 shares

-

-

 

 

7

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

S Tong

Included in debtors is a directors loan

40,097

-

(13,708)

26,389

C M Webster

Included in debtors is a directors loan

40,097

-

(13,708)

26,389

T Olds

Included in debtors is a directors loan

37,687

34,400

-

72,087

A Olds

Included in debtors is a directors loan

37,687

34,400

-

72,087

2023

At 1 October 2022
£

Advances to director
£

At 30 September 2023
£

S Tong

Included in debtors is a directors loan

29,498

10,599

40,097

C M Webster

Included in debtors is a directors loan

29,498

10,599

40,097

T Olds

Included in debtors is a directors loan

29,584

8,103

37,687

A Olds

Included in debtors is a directors loan

29,584

8,103

37,687

 

Surevent (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

The directors have paid interest on the loan balance to Surevent (UK) Limited Ltd at the HMRC official rate for the year ended 30 September 2024.

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

32,200

32,200

Contributions paid to money purchase schemes

4,467

5,617

36,667

37,817