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REID SURFACING LTD

Registered Number
11703888
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

REID SURFACING LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

PARKER, Ronald

Registered Address

Unit G21 The Avenues Eleventh Avenue North
Team Valley Trading Estate
Gateshead
NE11 0NJ

Registered Number

11703888 (England and Wales)
REID SURFACING LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3448,228430,932
448,228430,932
Current assets
Debtors92,22973,006
Cash at bank and on hand33,08432,881
125,313105,887
Creditors amounts falling due within one year(26,995)(3,091)
Net current assets (liabilities)98,318102,796
Total assets less current liabilities546,546533,728
Creditors amounts falling due after one year(220,589)(161,562)
Net assets325,957372,166
Capital and reserves
Called up share capital100100
Profit and loss account325,857372,066
Shareholders' funds325,957372,166
The financial statements were approved and authorised for issue by the Director on 29 August 2025, and are signed on its behalf by:
PARKER, Ronald
Director
Registered Company No. 11703888
REID SURFACING LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles5
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 23646,967
Additions161,500
Disposals(20,000)
At 30 November 24788,467
Depreciation and impairment
At 01 December 23216,035
Charge for year136,204
On disposals(12,000)
At 30 November 24340,239
Net book value
At 30 November 24448,228
At 30 November 23430,932
4.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts127,59358,567