Company Registration No. 05790384 (England and Wales)
Surrey Tiles and Bathrooms Limited
Unaudited accounts
for the period from 1 May 2024 to 31 October 2025
Surrey Tiles and Bathrooms Limited
Unaudited accounts
Contents
Surrey Tiles and Bathrooms Limited
Company Information
for the period from 1 May 2024 to 31 October 2025
Company Number
05790384 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
GU1 3AA
UK
Surrey Tiles and Bathrooms Limited
Statement of financial position
as at 31 October 2025
Tangible assets
83,976
69,900
Inventories
135,077
114,392
Cash at bank and in hand
26,456
3,812
Creditors: amounts falling due within one year
(461,876)
(256,315)
Net current liabilities
(77,701)
(64,125)
Called up share capital
101
101
Profit and loss account
6,174
5,674
Shareholders' funds
6,275
5,775
For the period ending 31 October 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2026 and were signed on its behalf by
P Shorter
Director
Company Registration No. 05790384
Surrey Tiles and Bathrooms Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 October 2025
Surrey Tiles and Bathrooms Limited is a private company, limited by shares, registered in England and Wales, registration number 05790384. The registered office is First Floor, 129 High Street, Guildford, GU1 3AA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
25% on reducing balance
Motor vehicles
25% on cost
Fixtures & fittings
15% on reducing balance
Surrey Tiles and Bathrooms Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 October 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has made the following judgements:
Determine whether there are indicators of impairment of the company's tangible fixed assets and inventories. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2024
39,987
13,727
10,500
97,338
161,552
Additions
-
2,695
-
33,655
36,350
At 31 October 2025
39,987
16,422
10,500
130,993
197,902
At 1 May 2024
20,298
8,633
3,063
59,658
91,652
Charge for the period
6,014
2,204
3,948
10,108
22,274
At 31 October 2025
26,312
10,837
7,011
69,766
113,926
At 31 October 2025
13,675
5,585
3,489
61,227
83,976
At 30 April 2024
19,689
5,094
7,437
37,680
69,900
Amounts falling due within one year
Trade debtors
167,596
34,154
Accrued income and prepayments
4,069
1,639
Other debtors
50,977
27,781
Surrey Tiles and Bathrooms Limited
Notes to the Accounts
for the period from 1 May 2024 to 31 October 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
57,752
38,547
Trade creditors
184,308
134,308
Taxes and social security
5,359
9,811
Other creditors
57,229
5,454
Loans from directors
-
9,720
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
(9,720)
32,619
13,647
9,252
(9,720)
32,619
13,647
9,252
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Average number of employees
During the period the average number of employees was 9 (2024: 7).