Surrey Formwork Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05317319 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Surrey Formwork Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

M Walsh

J Nevin

SECRETARY:

REGISTERED OFFICE:

33, The Ridge

Twickenham

Middlesex

TW2 7NL

REGISTERED NUMBER:

05317319 (England and Wales)

ACCOUNTANTS:

Sheridan Clarke Limited

2nd Floor Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

FIXED ASSETS

Tangible assets

4

8,259

11,012

CURRENT ASSETS

Stocks

15,600

17,260

Debtors

5

7,888

8,988

Prepayments and accrued income

-

500

Cash at bank

51,728

64,932

75,216

91,680

CREDITORS

Amounts falling due within one year

6

68,548

80,624

NET CURRENT ASSETS

6,668

11,056

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,927

22,068

CREDITORS

Amounts falling due after more than one
year

7

11,735

23,899

NET ASSETS/(LIABILITIES)

3,192

(1,831

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

3,190

(1,833

)

3,192

(1,831

)

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:

M Walsh - Director

J Nevin - Director

1.	STATUTORY INFORMATION

Surrey Formwork Ltd 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.

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

21,153

DEPRECIATION

At 1 November 2023

10,141

Charge for year

2,753

At 31 October 2024

12,894

NET BOOK VALUE

At 31 October 2024

8,259

At 31 October 2023

11,012

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

Plant and

machinery

etc

£

COST

At 1 November 2023

and 31 October 2024

11,990

DEPRECIATION

At 1 November 2023

2,997

Charge for year

2,249

At 31 October 2024

5,246

NET BOOK VALUE

At 31 October 2024

6,744

At 31 October 2023

8,993

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Other debtors

7,888

8,988

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Bank loans and overdrafts

10,536

10,920

Hire purchase contracts

1,907

Trade creditors

11,238

27,253

Taxation and social security

40,869

37,643

Other creditors

3,998

2,901

68,548

80,624

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.24

31.10.23

£

Bank loans

6,807

17,063

Hire purchase contracts

4,928

6,836

11,735

23,899

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Michael Walsh and Mr Justin Nevin by virtue of their ownership of 50% each of the issued ordinary share capital in the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sheridan Clarke Limited

2nd Floor Congress House

14 Lyon Road

Harrow

Middlesex

HA1 2EN

1 August 2025