| |
|
2023 |
|
2022 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
72,431 |
|
|
73,831 |
| Current assets |
|
168,525 |
|
|
121,363 |
|
| Prepayments and accrued income |
|
4,000 |
|
|
10,806 |
|
| Creditors: amount falling due within one year |
|
(94,925) |
|
|
(108,023) |
|
|
Net current assets
|
|
|
77,600
|
|
|
24,146
|
|
Total assets less current liabilities
|
|
|
150,031 |
|
|
97,977 |
| Creditors: amount falling due after more than one year |
|
|
(54,340) |
|
|
(93,533) |
|
Net assets
|
|
|
95,691 |
|
|
4,444 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
95,691 |
|
|
4,444 |
| |
NOTES TO THE ACCOUNTS
General Information
SURFACE PERFORMANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 08052650, registration address UNIT16, VICARAGE FARM, HALLIFORD ROAD , SUNBURY-ON-THAMES, TW16 6DW.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
10% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
25% Reducing Balance
|
| Equipment |
25% Reducing Balance
|
|
| 2. |
Intangible fixed assets
| Cost |
Website - 5 years straight line |
|
Total |
| |
£ |
|
£ |
| At 01 June 2022 |
9,325 |
|
9,325 |
| Additions |
1,500 |
|
1,500 |
| Disposals |
- |
|
- |
| At 31 May 2023 |
10,825 |
|
10,825 |
| Amortisation |
| At 01 June 2022 |
6,651 |
|
6,651 |
| Charge for year |
2,125 |
|
2,125 |
| On disposals |
- |
|
- |
| At 31 May 2023 |
8,776 |
|
8,776 |
| Net book values |
| At 31 May 2023 |
2,049 |
|
2,049 |
| At 31 May 2022 |
2,674 |
|
2,674 |
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 June 2022 |
122,688 |
|
38,454 |
|
45,672 |
|
17,670 |
|
224,484 |
| Additions |
1,687 |
|
5,500 |
|
1,200 |
|
3,725 |
|
12,112 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 May 2023 |
124,375 |
|
43,954 |
|
46,872 |
|
21,395 |
|
236,596 |
| Depreciation |
| At 01 June 2022 |
82,376 |
|
26,893 |
|
36,992 |
|
6,741 |
|
153,002 |
| Charge for year |
4,251 |
|
2,892 |
|
2,406 |
|
3,663 |
|
13,212 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 31 May 2023 |
86,627 |
|
29,785 |
|
39,398 |
|
10,404 |
|
166,214 |
| Net book values |
| Closing balance as at 31 May 2023 |
37,748 |
|
14,169 |
|
7,474 |
|
10,991 |
|
70,382 |
| Opening balance as at 01 June 2022 |
40,312 |
|
11,561 |
|
8,680 |
|
10,804 |
|
71,357 |
|
| 4. |
Average number of employees
Average number of employees during the year was 4 (2022 : 7).
|
For the year ended 31 May 2023 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 23 August 2023 and were signed by: --------------------------------
Callum Reid
Director |
2
|
