Registration number: 10794752

Surface Rescue Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Surface Rescue Ltd

(Registration number: 10794752)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	7,751	9,914
Current assets
Debtors	5	52,334	65,097
Cash at bank and in hand		6,897	6,273
		59,231	71,370
Creditors: Amounts falling due within one year	6	(20,065)	(22,322)
Net current assets		39,166	49,048
Total assets less current liabilities		46,917	58,962
Creditors: Amounts falling due after more than one year	6	-	(1,212)
Provisions for liabilities		(1,938)	(2,479)
Net assets		44,979	55,271
Capital and reserves
Called up share capital		1	1
Retained earnings		44,978	55,270
Shareholders' funds		44,979	55,271

Surface Rescue Ltd

(Registration number: 10794752)
Balance Sheet as at 31 May 2025

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 December 2025
 

......................................... Mr Neil Roger Dodd Director

Surface Rescue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hill Haven Cottage
Newtown
Upper Basildon
Berks
RG8 8JG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the cosmetic repair of goods .Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Surface Rescue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Motor vehicles	25% reducing balance basis
Computer equipment	25% straight line basis

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Surface Rescue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	1,974	1,832	17,664	21,470
Additions	427	-	-	427
At 31 May 2025	2,401	1,832	17,664	21,897
Depreciation
At 1 June 2024	911	1,468	9,177	11,556
Charge for the year	249	219	2,122	2,590
At 31 May 2025	1,160	1,687	11,299	14,146
Carrying amount
At 31 May 2025	1,241	145	6,365	7,751
At 31 May 2024	1,063	364	8,487	9,914

5

Debtors

Current	2025 £	2024 £
Trade debtors	14,018	12,582
Prepayments	486	498
Other debtors	37,830	52,017
	52,334	65,097

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	1,212	2,910
Taxation and social security		17,553	18,112
Other creditors		1,300	1,300
		20,065	22,322

Surface Rescue Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025