Surefit Ceiling Tiles Limited Filleted accounts for Companies House (small and micro)

SUREFIT CEILING TILES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08367074

Surefit Ceiling Tiles Limited

Filleted Unaudited Financial Statements

31 January 2023

Surefit Ceiling Tiles Limited

Statement of Financial Position

31 January 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	4		350	350

Current assets

Stocks		495	495
Debtors	5	35,017	34,902
		--------	--------
		35,512	35,397

Creditors: amounts falling due within one year	6	37,803		37,688
		--------		--------
Net current liabilities			2,291	2,291
			-------	-------
Total assets less current liabilities			( 1,941)	( 1,941)

Provisions

Taxation including deferred tax	267	267
	-------	-------
Net liabilities	( 2,208)	( 2,208)
	-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 2,308)	( 2,308)
	-------	-------
Shareholders deficit	( 2,208)	( 2,208)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Surefit Ceiling Tiles Limited

Statement of Financial Position (continued)

31 January 2023

These financial statements were approved by the board of directors and authorised for issue on 18 August 2023 , and are signed on behalf of the board by:

Mr B Bomsztyk

Director

Company registration number: 08367074

Surefit Ceiling Tiles Limited

Notes to the Financial Statements

Year ended 31 January 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 February 2022 and 31 January 2023	2,085	2,085
	-------	-------
Depreciation
At 1 February 2022 and 31 January 2023	1,735	1,735
	-------	-------
Carrying amount
At 31 January 2023	350	350
	-------	-------
At 31 January 2022	350	350
	-------	-------

5. Debtors

	2023	2022
	£	£
Trade debtors	4,768	10,156
Other debtors	30,249	24,746
	--------	--------
	35,017	34,902
	--------	--------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Bank loans and overdrafts	9,989	9,989
Trade creditors	–	( 115)
Social security and other taxes	533	533
Other creditors	27,281	27,281
	--------	--------
	37,803	37,688
	--------	--------

7. Related party transactions

The company 008 Imports Ltd is under the control of Mr B J Bomsztyk. No trading transaction took place with the company during the year. At the balance sheet date other debtors include £24,746 (£24,746 - 2022) amounts owed from 008 Imports Ltd.