Company Registration No. 13801779 (England and Wales)
Sureflow Ltd
Unaudited accounts
for the year ended 31 December 2024
Sureflow Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
15,435,373
785,485
Cash at bank and in hand
5,812,424
3,783,347
Creditors: amounts falling due within one year
(18,712,327)
(2,249,397)
Net current (liabilities)/assets
(11,175,222)
1,979,013
Net assets
4,260,151
2,764,498
Called up share capital
9,686,502
9,686,502
Profit and loss account
(5,426,351)
(6,922,004)
Shareholders' funds
4,260,151
2,764,498
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2025 and were signed on its behalf by
Sebastien Dui
Director
Company Registration No. 13801779
Sureflow Ltd
Notes to the Accounts
for the year ended 31 December 2024
Sureflow Ltd is a private company, limited by shares, registered in England and Wales, registration number 13801779. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Sureflow Ltd
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Total
At 1 January 2024
1,208,245
At 31 December 2024
18,887,833
Charge for the year
3,029,700
At 31 December 2024
3,452,460
At 31 December 2024
15,435,373
At 31 December 2023
785,485
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Transactions with related parties
Branches of the Company
The company operates through the following branches:
1) SureFlow LTD, Rue du Chaumonceau 132, 6040 Jumet, Belgium.
2) SureFlow LTD, Office 501, Building 47, Dubai Healthcare City, Dubai, United Arab Emirates.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).