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REGISTERED NUMBER: 04233576 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sureline Finishing Limited

Sureline Finishing Limited (Registered number: 04233576)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Sureline Finishing Limited (Registered number: 04233576)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,017 38,869

CURRENT ASSETS
Stocks 23,565 14,842
Debtors 5 124,913 88,632
Cash at bank and in hand 179,012 157,027
327,490 260,501
CREDITORS
Amounts falling due within one year 6 89,474 52,089
NET CURRENT ASSETS 238,016 208,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,033

247,281

CREDITORS
Amounts falling due after more than
one year

7

(4,088

)

(11,736

)

PROVISIONS FOR LIABILITIES (80,000 ) (80,000 )
NET ASSETS 184,945 155,545

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 184,845 155,445
SHAREHOLDERS' FUNDS 184,945 155,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Sureline Finishing Limited (Registered number: 04233576)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





S A Edwards - Director


Sureline Finishing Limited (Registered number: 04233576)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Sureline Finishing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04233576

Registered office: Units 1a & 1b Quarry Crescent
Pennygillam Industrial Estate
Launceston
Cornwall
PL15 7PF

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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

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.


Sureline Finishing Limited (Registered number: 04233576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Dilapidation reserve
The Dilapidation Reserve recognises the future requirement to replace the roof of the company's premises at an estimated cost of £80,000 at the cessation of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 325,824
Additions 2,132
At 31 March 2025 327,956
DEPRECIATION
At 1 April 2024 286,955
Charge for year 9,984
At 31 March 2025 296,939
NET BOOK VALUE
At 31 March 2025 31,017
At 31 March 2024 38,869

Sureline Finishing Limited (Registered number: 04233576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 106,149 70,788
Other debtors 18,764 17,844
124,913 88,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 39,670 10,436
Taxation and social security 45,970 36,697
Other creditors 3,834 4,956
89,474 52,089

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Other creditors 4,088 11,736

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.25 31.3.24
£    £   
Within one year 51,011 51,011
Between one and five years 54,000 81,000
105,011 132,011

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
S A Edwards and Mrs P M Edwards
Balance outstanding at start of year 2,629 2,941
Amounts repaid (507 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,122 2,629

The above loans are interest free and repayable on demand.

Sureline Finishing Limited (Registered number: 04233576)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 were paid to the directors .

During the year the company entered into transactions and had year end balance with Sureline Blasting Limited, a company controlled by the directors of this company. All transactions were on an open market basis.

31.03.2025 31.03.2024
£    £   
Sales of goods 55,420 60,398
Purchase of goods 70,469 68,786
Year end debtor 6,356 -
Year end creditor 20,126 11,736