A Surman & Co Limited 00575128 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of building contractors. Digita Accounts Production Advanced 6.30.9574.0 true true 00575128 2024-01-01 2024-12-31 00575128 2024-12-31 00575128 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-12-31 00575128 core:CurrentFinancialInstruments 2024-12-31 00575128 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00575128 core:FurnitureFittingsToolsEquipment 2024-12-31 00575128 core:MotorVehicles 2024-12-31 00575128 core:OtherPropertyPlantEquipment 2024-12-31 00575128 bus:SmallEntities 2024-01-01 2024-12-31 00575128 bus:Audited 2024-01-01 2024-12-31 00575128 bus:FilletedAccounts 2024-01-01 2024-12-31 00575128 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00575128 bus:RegisteredOffice 2024-01-01 2024-12-31 00575128 bus:Director2 2024-01-01 2024-12-31 00575128 bus:Director3 2024-01-01 2024-12-31 00575128 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-01 2024-12-31 00575128 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00575128 core:FurnitureFittings 2024-01-01 2024-12-31 00575128 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 00575128 core:MotorVehicles 2024-01-01 2024-12-31 00575128 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 00575128 core:PlantMachinery 2024-01-01 2024-12-31 00575128 1 2024-01-01 2024-12-31 00575128 countries:AllCountries 2024-01-01 2024-12-31 00575128 2023-12-31 00575128 core:FurnitureFittingsToolsEquipment 2023-12-31 00575128 core:MotorVehicles 2023-12-31 00575128 core:OtherPropertyPlantEquipment 2023-12-31 00575128 2023-01-01 2023-12-31 00575128 2023-12-31 00575128 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-12-31 00575128 core:CurrentFinancialInstruments 2023-12-31 00575128 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00575128 core:FurnitureFittingsToolsEquipment 2023-12-31 00575128 core:MotorVehicles 2023-12-31 00575128 core:OtherPropertyPlantEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00575128

A Surman & Co Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

A Surman & Co Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

A Surman & Co Limited

Company Information

Directors

A P Dalton

J M Dalton

Registered office

Newton Place
Handsworth
Birmingham
B18 5JX

Auditors

Bissell & Brown Midlands Ltd
Statutory Senior Auditor
Charter House
56 High Street
Sutton Coldfield
West Midlands
B72 1UJ

 

A Surman & Co Limited

(Registration number: 00575128)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

165,464

176,437

Current assets

 

Stocks

5

4,000

2,168

Debtors

6

3,940,950

2,507,238

Cash at bank and in hand

 

1,541,876

321,852

 

5,486,826

2,831,258

Creditors: Amounts falling due within one year

7

(4,568,909)

(2,187,164)

Net current assets

 

917,917

644,094

Total assets less current liabilities

 

1,083,381

820,531

Provisions for liabilities

(41,366)

(44,104)

Net assets

 

1,042,015

776,427

Capital and reserves

 

Called up share capital

9

1,000

1,000

Retained earnings

1,041,015

775,427

Shareholders' funds

 

1,042,015

776,427

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors' report and the Profit and Loss Account.

Approved and authorised by the Board on 17 June 2025 and signed on its behalf by:
 

.........................................
A P Dalton
Director

.........................................
J M Dalton
Director

 

A Surman & Co Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Newton Place
Handsworth
Birmingham
B18 5JX

These financial statements were authorised for issue by the Board on 17 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 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 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 17 June 2025 was Paul Matthews, who signed for and on behalf of Bissell & Brown Midlands Ltd.

.........................................

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.

 

A Surman & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

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

25% reducing balances

Fixtures and fittings

25%-33% Straight line

Motor vehicles

25% reducing balance

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

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.

 

A Surman & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 18).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery, etc
£

Total
£

Cost or valuation

At 1 January 2024

73,081

279,115

64,792

416,988

Additions

17,428

22,731

9,252

49,411

Disposals

-

(21,240)

-

(21,240)

At 31 December 2024

90,509

280,606

74,044

445,159

Depreciation

At 1 January 2024

50,239

153,093

37,219

240,551

Charge for the year

12,898

36,832

9,221

58,951

Eliminated on disposal

-

(19,807)

-

(19,807)

At 31 December 2024

63,137

170,118

46,440

279,695

Carrying amount

At 31 December 2024

27,372

110,488

27,604

165,464

At 31 December 2023

22,842

126,022

27,573

176,437

5

Stocks

2024
£

2023
£

Raw materials and consumables

4,000

2,168

 

A Surman & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

2,992,953

1,800,443

Gross amount due from customers for contract work

 

865,172

585,510

Amounts owed by related parties

-

12,410

Prepayments

 

73,640

85,685

Other debtors

 

9,185

23,190

   

3,940,950

2,507,238

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,896,629

1,423,069

Amounts owed to group undertakings and undertakings in which the company has a participating interest

81,817

-

Taxation and social security

 

1,420,778

580,473

Accruals and deferred income

 

163,407

171,377

Other creditors

 

6,278

12,245

 

4,568,909

2,187,164

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £27,643 (2023 - £24,667).

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       
 

A Surman & Co Limited

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

10

Parent and ultimate parent undertaking

The company's immediate parent is Bert Dalton Holdings Ltd, incorporated in England.

  These financial statements are available upon request from Newton Place, Hockley, Birmingham, England, B18 5JY.