Surrey Wood Products Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11780901 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Surrey Wood Products Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Brooks

REGISTERED OFFICE:

Great Grove Farm

Murray Road

Ottershaw

Chertsey

Surrey

KT16 0HT

REGISTERED NUMBER:

11780901 (England and Wales)

ACCOUNTANT:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

916,290

1,052,487

CURRENT ASSETS

Inventories

481,423

263,777

Debtors

5

207,298

143,596

Cash at bank

606

16,409

689,327

423,782

CREDITORS

Amounts falling due within one year

6

(623,465

)

(534,005

)

NET CURRENT ASSETS/(LIABILITIES)

65,862

(110,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

982,152

942,264

CREDITORS

Amounts falling due after more than one
year

7

(239,378

)

(350,212

)

PROVISIONS FOR LIABILITIES

(223,575

)

(190,335

)

NET ASSETS

519,199

401,717

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

519,198

401,716

519,199

401,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

R Brooks - Director

1.	STATUTORY INFORMATION

Surrey Wood Products 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

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Inventories 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 21 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 February 2024

1,256,613

201,386

21,609

1,479,608

Additions

2,087

4,000

5,112

11,199

At 31 January 2025

1,258,700

205,386

26,721

1,490,807

DEPRECIATION

At 1 February 2024

345,040

74,321

7,760

427,121

Charge for year

123,434

21,849

2,113

147,396

At 31 January 2025

468,474

96,170

9,873

574,517

NET BOOK VALUE

At 31 January 2025

790,226

109,216

16,848

916,290

At 31 January 2024

911,573

127,065

13,849

1,052,487

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 February 2024

and 31 January 2025

437,029

DEPRECIATION

At 1 February 2024

and 31 January 2025

103,213

NET BOOK VALUE

At 31 January 2025

333,816

At 31 January 2024

333,816

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

193,160

71,298

Other debtors

14,138

9,138

VAT

-

63,160

207,298

143,596

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

42,000

Hire purchase contracts

62,506

77,333

Trade creditors

133,725

223,929

Social security and other taxes

13,930

13,351

VAT

55,099

-

Other creditors

24,546

5,405

Directors' current accounts

281,434

161,762

Accrued expenses

10,225

623,465

534,005

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Bank loans - 1-2 years

38,062

42,000

Bank loans - 2-5 years

-

35,890

Hire purchase contracts

201,316

272,322

239,378

350,212