REGISTERED NUMBER: 09942286 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Surface Medic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Griffin

SECRETARY:

R P Mulholland

REGISTERED OFFICE:

Solutions House

Fairways Office Park

Fulwood

Preston

Lancashire

PR2 9LF

REGISTERED NUMBER:

09942286 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,130

19,137

10,130

19,137

CURRENT ASSETS

Debtors

6

311,394

587,952

Cash at bank

28,978

36,620

340,372

624,572

CREDITORS

Amounts falling due within one year

7

44,489

407,929

NET CURRENT ASSETS

295,883

216,643

TOTAL ASSETS LESS CURRENT LIABILITIES

306,013

235,780

CAPITAL AND RESERVES

Called up share capital

9

80

80

Capital redemption reserve

20

20

Retained earnings

305,913

235,680

SHAREHOLDERS' FUNDS

306,013

235,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2025 and were signed by:

D J Griffin - Director

1.	STATUTORY INFORMATION

Surface Medic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill

Goodwill relating to the acquisition of a business in 2012 has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

50% on cost and 33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

50% on cost and 33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

20

AMORTISATION

At 1 January 2024

and 31 December 2024

20

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

44,158

9,838

39,318

23,059

116,373

DEPRECIATION

At 1 January 2024

42,725

9,838

23,134

21,539

97,236

Charge for year

586

-

7,754

667

9,007

At 31 December 2024

43,311

9,838

30,888

22,206

106,243

NET BOOK VALUE

At 31 December 2024

847

-

8,430

853

10,130

At 31 December 2023

1,433

-

16,184

1,520

19,137

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

58,547

64,904

Provision for bad debts

-

(6,095

)

Concept Building Solutions UK Limited

-

407,965

Lucas Claims Solutions Limited

-

69,503

Insurance Solutions Group Limited

232,666

38,239

Prepayments

20,181

13,436

311,394

587,952

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

1,677

2,442

Social security and other taxes

3,628

5,829

VAT

32,714

29,520

Service Solutions Direct Ltd

-

266,920

Service Solutions Assist Limited

-

87,359

Service Solutions Direct

Inspections Limited

-

8,631

Accruals and deferred income

6,470

7,228

44,489

407,929

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

9,662

9,662

Between one and five years

6,441

16,104

16,103

25,766

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

80

Ordinary

£1.00

80

80

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY