REGISTERED NUMBER: 12913837 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

South Notts Surfacing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Swallow

R S Parks

REGISTERED OFFICE:

Unit 3 Halifax Court Cross Lane

Fernwood

Newark

Nottinghamshire

NG24 3JP

REGISTERED NUMBER:

12913837 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Tangible assets

4

121,103

4,113

CURRENT ASSETS

Debtors

5

579,907

243,329

Cash at bank

56,397

145,128

636,304

388,457

CREDITORS

Amounts falling due within one year

6

573,780

340,870

NET CURRENT ASSETS

62,524

47,587

TOTAL ASSETS LESS CURRENT LIABILITIES

183,627

51,700

CREDITORS

Amounts falling due after more than one year

7

(19,397

)

-

PROVISIONS FOR LIABILITIES

(30,276

)

(1,028

)

NET ASSETS

133,954

50,672

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

133,854

50,572

SHAREHOLDERS' FUNDS

133,954

50,672

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:

D J Swallow - Director

1.	STATUTORY INFORMATION

South Notts Surfacing 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

-

25% on reducing balance

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

13,000

-

13,000

Additions

65,899

91,460

157,359

At 31 March 2025

78,899

91,460

170,359

DEPRECIATION

At 1 April 2024

8,887

-

8,887

Charge for year

17,504

22,865

40,369

At 31 March 2025

26,391

22,865

49,256

NET BOOK VALUE

At 31 March 2025

52,508

68,595

121,103

At 31 March 2024

4,113

-

4,113

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

Additions

47,250

34,000

81,250

At 31 March 2025

47,250

34,000

81,250

DEPRECIATION

Charge for year

11,813

8,500

20,313

At 31 March 2025

11,813

8,500

20,313

NET BOOK VALUE

At 31 March 2025

35,437

25,500

60,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

460,723

190,831

Other debtors

24,159

409

VAT

92,298

50,320

Prepayments and accrued income

2,727

1,769

579,907

243,329

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

27,944

-

Trade creditors

375,596

214,798

After date invoices

4,438

38,199

Tax

83,837

24,710

Social security and other taxes

7,866

4,975

Other creditors

71,764

56,538

Directors' current accounts

40

-

Accruals and deferred income

2,295

1,650

573,780

340,870

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

19,397

-

8.	RELATED PARTY DISCLOSURES

During the year the company traded with D J Swallow Construction Limited, a company in which Mr. D J Swallow is also a director. The balance owed from D J Swallow Construction Limited as at 31st March 2025 was £22,065 (2024: £727 CR).

During the year the company traded with D J Swallow Holdings Limited, a company in which Mr. D J Swallow is also a director. The balance due to D J Swallow Holdings Limited as at 31st March 2025 was £49,995 (2024: £49,797).

During the year the company also traded with D J Swallow Brickwork Limited, a company in which Mr. D J Swallow & Mr. R Parks are also directors. The balance owed by D J Swallow Brickwork Limited as at 31st March 2025 was £9 (2024: £9)