Company Registration No. 12737320 (England and Wales)
Southern Volumetric Concrete LTD
Unaudited accounts
for the year ended 31 March 2023
Southern Volumetric Concrete LTD
Unaudited accounts
Contents
Southern Volumetric Concrete LTD
Company Information
for the year ended 31 March 2023
Company Number
12737320 (England and Wales)
Registered Office
Caigers Green
310B Botley Road
Burridge, Southampton
Hampshire
SO31 1BQ
Southern Volumetric Concrete LTD
Statement of financial position
as at 31 March 2023
Tangible assets
338,846
161,083
Cash at bank and in hand
8,058
9,713
Creditors: amounts falling due within one year
(197,976)
(81,243)
Net current liabilities
(51,581)
(32,311)
Total assets less current liabilities
287,265
128,772
Creditors: amounts falling due after more than one year
(225,083)
(79,330)
Provisions for liabilities
Deferred tax
(37,526)
(19,058)
Called up share capital
200
200
Profit and loss account
24,456
30,184
Shareholders' funds
24,656
30,384
For the year ending 31 March 2023 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 her 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 24 September 2023 and were signed on its behalf by
Mrs T Lidbetter
Director
Company Registration No. 12737320
Southern Volumetric Concrete LTD
Notes to the Accounts
for the year ended 31 March 2023
Southern Volumetric Concrete LTD is a private company, limited by shares, registered in England and Wales, registration number 12737320. The registered office is Caigers Green, 310B Botley Road, Burridge, Southampton, Hampshire, SO31 1BQ.
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 year, 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.
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:
Plant & machinery
10% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Southern Volumetric Concrete LTD
Notes to the Accounts
for the year ended 31 March 2023
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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
168,100
1,573
1,115
170,788
Additions
349,850
-
470
350,320
Disposals
(143,100)
-
-
(143,100)
At 31 March 2023
374,850
1,573
1,585
378,008
At 1 April 2022
8,944
393
368
9,705
Charge for the year
37,485
393
523
38,401
On disposals
(8,944)
-
-
(8,944)
At 31 March 2023
37,485
786
891
39,162
At 31 March 2023
337,365
787
694
338,846
At 31 March 2022
159,156
1,180
747
161,083
Amounts falling due within one year
Trade debtors
70,132
23,072
Accrued income and prepayments
30,000
12,500
Other debtors
38,205
3,647
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
81,081
19,756
Taxes and social security
10,781
3,181
Other creditors
81,643
51,214
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
225,083
79,330
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Average number of employees
During the year the average number of employees was 3 (2022: 2).