Surrey lofts Guarantees Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14425798

		31 October 2024		31 October 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,085		-

			9,085		-
CURRENT ASSETS
Debtors	5	-		31,470
Cash at bank and in hand		314,130		143,027

		314,130		174,497
Creditors: Amounts Falling Due Within One Year	6	(186,068 )		(108,460 )

NET CURRENT ASSETS (LIABILITIES)			128,062		66,037

TOTAL ASSETS LESS CURRENT LIABILITIES			137,147		66,037

NET ASSETS			137,147		66,037

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			137,145		66,035

SHAREHOLDERS' FUNDS			137,147		66,037

For the year ending 31 October 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Leigh Phillips

Director

28th October 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Surrey lofts Guarantees Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14425798 . The registered office is 4 Marlpit Lane, Coulsdon, Surrey, CR5 2HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

The company’s income arises wholly from activities connected with the sale and arrangement of insurance policies, which fall within the exemption for insurance transactions under Schedule 9, Group 2 of the Value Added Tax Act 1994.

Accordingly, all income has been treated as VAT-exempt, and the company is not registered for VAT. No output tax has been charged on sales, and input tax incurred on expenditure is not recoverable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% Reducing Balance

2.4. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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Surrey lofts Guarantees Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 November 2023	-
Additions	12,114

As at 31 October 2024	12,114

Depreciation
As at 1 November 2023	-
Provided during the period	3,029

As at 31 October 2024	3,029

Net Book Value
As at 31 October 2024	9,085

As at 1 November 2023	-

5. Debtors

	31 October 2024	31 October 2023
	£	£
Due within one year
Trade debtors	-	31,470

6. Creditors: Amounts Falling Due Within One Year

	31 October 2024	31 October 2023
	£	£
Trade creditors	105,000	(1 )
Other creditors	38,883	89,856
Taxation and social security	42,185	18,605

	186,068	108,460

7. Share Capital

	31 October 2024	31 October 2023
	£	£
Allotted, Called up and fully paid	2	2

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