SURFACE_PERFORMANCE_LTD - Accounts

SURFACE PERFORMANCE LTD - Company Information

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Company Registration No. 08052650 (England and Wales)

SURFACE PERFORMANCE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

SURFACE PERFORMANCE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SURFACE PERFORMANCE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

49,614

48,795

Current assets

Debtors

35,026

39,805

Cash at bank and in hand

8,774

57,803

43,800

97,608

Creditors: amounts falling due within one year

(74,778)

(75,273)

Net current liabilities/(assets)

(30,978)

22,335

Total assets less current liabilities

18,636

71,130

Creditors: amounts falling due after more than one year

(16,998)

(27,204)

1,638

43,926

Capital and reserves

Called up share capital

100

Profit and loss account

1,538

43,826

Shareholders' funds

1,638

43,926

For the financial year ended 31 May 2016 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 financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 February 2017

Mr C Reid

Director

Company Registration No. 08052650

SURFACE PERFORMANCE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 June 2015

85,378

Additions

21,356

Disposals

(4,000)

At 31 May 2016

102,734

Depreciation

At 1 June 2015

36,583

Charge for the year

16,537

At 31 May 2016

53,120

Net book value

At 31 May 2016

49,614

At 31 May 2015

48,795

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100