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Company Registration No. 12450622 (England and Wales)
Southern Hydroacoustics Ltd Unaudited accounts for the year ended 28 February 2023
Southern Hydroacoustics Ltd Unaudited accounts Contents
Page
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Southern Hydroacoustics Ltd Company Information for the year ended 28 February 2023
Director
B Elliot
Company Number
12450622 (England and Wales)
Registered Office
School Master's House 39 College Street Petersfield GU31 4AG England
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Southern Hydroacoustics Ltd for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southern Hydroacoustics Ltd for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Southern Hydroacoustics Ltd, as a body, in accordance with the terms of our engagement letter dated 7 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Southern Hydroacoustics Ltd and state those matters that we have agreed to state to the Board of Directors of Southern Hydroacoustics Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southern Hydroacoustics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southern Hydroacoustics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southern Hydroacoustics Ltd. You consider that Southern Hydroacoustics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Southern Hydroacoustics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Newnham & Son Ltd Member in Practice School Master's House 39 College Street Petersfield Hampshire GU31 4AG 29 September 2023
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Southern Hydroacoustics Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,795 
1,735 
Current assets
Debtors
- 
11,040 
Cash at bank and in hand
32,261 
61,405 
32,261 
72,445 
Creditors: amounts falling due within one year
(5,191)
(9,621)
Net current assets
27,070 
62,824 
Net assets
28,865 
64,559 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
28,862 
64,556 
Shareholders' funds
28,865 
64,559 
For the year ending 28 February 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 his 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 29 September 2023 and were signed on its behalf by
B Elliot Director Company Registration No. 12450622
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Southern Hydroacoustics Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Southern Hydroacoustics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12450622. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
33% reduced balance
Computer equipment
33% reduced balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
119 
2,524 
2,643 
Additions
883 
- 
883 
At 28 February 2023
1,002 
2,524 
3,526 
Depreciation
At 1 March 2022
34 
874 
908 
Charge for the year
273 
550 
823 
At 28 February 2023
307 
1,424 
1,731 
Net book value
At 28 February 2023
695 
1,100 
1,795 
At 28 February 2022
85 
1,650 
1,735 
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Southern Hydroacoustics Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
11,040 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,191 
8,531 
Loans from directors
- 
1,016 
Accruals
- 
74 
5,191 
9,621 
7
Transactions with related parties
Dividends totaling £58,118 (2022 - £27,14) were paid to the directors and his family during the year.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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