Company Registration No. 11117389 (England and Wales)
ExecutiveSurf Ltd
Unaudited accounts
for the year ended 31 December 2024
ExecutiveSurf Ltd
Unaudited accounts
Contents
ExecutiveSurf Ltd
Company Information
for the year ended 31 December 2024
Directors
Mr Roderick Charles Bailey
Mr Florin Gheorghe Paduraru
Company Number
11117389 (England and Wales)
Registered Office
Unit 229 Canalot Studios
222 Kensal Road
London
W10 5BN
United Kingdom
Accountants
AccountsCo
47 Islington Park Street
London
N1 1QB
ExecutiveSurf Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
84,059
112,079
Tangible assets
3,048
6,519
Cash at bank and in hand
6,186
13,336
Creditors: amounts falling due within one year
(238,534)
(207,010)
Net current liabilities
(192,698)
(51,800)
Total assets less current liabilities
(105,591)
66,798
Creditors: amounts falling due after more than one year
(137,076)
(114,134)
Provisions for liabilities
Deferred tax
(16,550)
(22,533)
Net liabilities
(259,217)
(69,869)
Called up share capital
1,000
1,000
Profit and loss account
(268,217)
(78,869)
Shareholders' funds
(259,217)
(69,869)
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Mr Roderick Charles Bailey
Director
Company Registration No. 11117389
ExecutiveSurf Ltd
Notes to the Accounts
for the year ended 31 December 2024
ExecutiveSurf Ltd is a private company, limited by shares, registered in England and Wales, registration number 11117389. The registered office is Unit 229 Canalot Studios, 222 Kensal Road, London, W10 5BN, United Kingdom.
2
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. Turnover from the sale of services is recognised when services have been provided to customers.
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:
Computer equipment
over 3 years
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation.
Intangible assets are amortised over 10 years.
Taxation for the year comprises current 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 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 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.
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
ExecutiveSurf Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2024
6,000
274,200
280,200
At 31 December 2024
6,000
274,200
280,200
At 1 January 2024
3,600
164,521
168,121
Charge for the year
600
27,420
28,020
At 31 December 2024
4,200
191,941
196,141
At 31 December 2024
1,800
82,259
84,059
At 31 December 2023
2,400
109,679
112,079
5
Tangible fixed assets
Computer equipment
At 31 December 2024
20,311
At 31 December 2024
17,263
Amounts falling due within one year
Trade debtors
33,572
110,157
Accrued income and prepayments
1,170
5,313
Other debtors
4,908
26,404
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,999
10,000
Trade creditors
73,242
63,381
Taxes and social security
79,524
71,932
Other creditors
25,632
13,797
ExecutiveSurf Ltd
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
95,327
99,967
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 10 (2023: 14).