Survey Design Services & Associates Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05035813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

SURVEY DESIGN SERVICES & ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N M Forwood

Mrs H E Weigh

REGISTERED OFFICE:

Units 13 & 14

The Foundry Business Park

Seager Road

Faversham

Kent

ME13 7FD

REGISTERED NUMBER:

05035813 (England and Wales)

ACCOUNTANTS:

George & Co.

Chartered Accountants

44a Joy Lane

Whitstable

Kent

CT5 4LT

FIXED ASSETS

Tangible assets

4

1,026,776

876,097

CURRENT ASSETS

Debtors

5

1,482,729

1,218,173

Cash at bank and in hand

1,821,551

1,156,818

3,304,280

2,374,991

CREDITORS

Amounts falling due within one year

6

773,984

673,192

NET CURRENT ASSETS

2,530,296

1,701,799

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,557,072

2,577,896

PROVISIONS FOR LIABILITIES

232,301

193,412

NET ASSETS

3,324,771

2,384,484

CAPITAL AND RESERVES

Called up share capital

140

Capital redemption reserve

190

Retained earnings

3,324,441

2,384,154

3,324,771

2,384,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 27 July 2026 and were signed on its behalf by:

N M Forwood - Director

1.	STATUTORY INFORMATION

Survey Design Services & Associates 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.

The company recognises revenue based upon the stage of contractual completion once the amount can be reliably measured and it is probable that future economic benefit will flow to the entity.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 15% on reducing balance

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

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

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.

Going concern

The company made a profit for the year ended 28th February 2026 and had net assets at that date of £3,324,771. The company has continued to trade profitably since the year end. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to meet it's financial obligations as they become due and therefore the financial statements have been prepared on the going concern basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The only main accounting estimation known is depreciation, the accounting policy of which is already disclosed elsewhere. The directors based their depreciation estimates on their knowledge and experience of how long assets last.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2025 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 March 2025

83,333

2,092,478

2,175,811

Additions

-

374,796

Disposals

-

(16,670

)

(16,670

)

At 28 February 2026

83,333

2,450,604

2,533,937

DEPRECIATION

At 1 March 2025

-

1,299,714

Charge for year

-

223,821

Eliminated on disposal

-

(16,374

)

(16,374

)

At 28 February 2026

-

1,507,161

NET BOOK VALUE

At 28 February 2026

83,333

943,443

1,026,776

At 28 February 2025

83,333

792,764

876,097

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Trade debtors

867,134

814,818

Amounts recoverable on contract

538,301

338,411

Other debtors

77,294

64,944

1,482,729

1,218,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Trade creditors

172,090

456,591

Taxation and social security

527,474

115,345

Other creditors

74,420

101,256

773,984

673,192

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28.2.26

28.2.25

£

Within one year

34,000

Between one and five years

41,085

75,085

109,085

The company rents it's premises under an agreed 5 year lease from 18th May 2023 at an agreed total rental of £34,000 per annum.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The premises are rented from a pension scheme of which the directors, Mr Nolan Forwood and Mrs Hannah Weigh, are members. The rent payable is set at an independently agreed market rate.