REGISTERED NUMBER: 09513731 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SURF & SUN LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

20,598

30,897

Tangible assets

5

170,508

158,056

191,106

188,953

CURRENT ASSETS

Debtors

6

7,463

1,712

Cash at bank

23,281

33,240

30,744

34,952

CREDITORS

Amounts falling due within one year

7

80,875

91,065

NET CURRENT LIABILITIES

(50,131

)

(56,113

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,975

132,840

CREDITORS

Amounts falling due after more than one year

8

67,445

101,191

NET ASSETS

73,530

31,649

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

73,426

31,545

SHAREHOLDERS' FUNDS

73,530

31,649

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 25 November 2025 and were signed on its behalf by:

G A Treloar - Director

1.	STATUTORY INFORMATION

Surf & Sun Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09513731

Registered office:

Dunrovin

Laity Lane

Carbis Bay

St Ives

Cornwall

TR26 2TF

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 10% on reducing balance and Straight line over 3 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

102,990

AMORTISATION

At 1 April 2024

72,093

Charge for year

10,299

At 31 March 2025

82,392

NET BOOK VALUE

At 31 March 2025

20,598

At 31 March 2024

30,897

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

300,401

Additions

34,685

Disposals

(3,092

)

At 31 March 2025

331,994

DEPRECIATION

At 1 April 2024

142,345

Charge for year

20,961

Eliminated on disposal

(1,820

)

At 31 March 2025

161,486

NET BOOK VALUE

At 31 March 2025

170,508

At 31 March 2024

158,056

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

7,463

1,712

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

31,614

29,441

Trade creditors

1,686

1,627

Other creditors

47,575

59,997

80,875

91,065

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

67,445

101,191

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

99,059

130,632

10.	ULTIMATE CONTROLLING PARTY

The board of directors.