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REGISTERED NUMBER: 02592862 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2023

for

Southdown Materials Testing Limited

Southdown Materials Testing Limited (Registered number: 02592862)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Southdown Materials Testing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S R Southall





SECRETARY: Ms K A Stait





REGISTERED OFFICE: Unit 5
Tansey Green Industrial Estate
Tansey Green Road, Pensnett
Brierley Hill
West Midlands
DY5 4TL





REGISTERED NUMBER: 02592862 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Southdown Materials Testing Limited (Registered number: 02592862)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 489,358 494,509

CURRENT ASSETS
Debtors 5 301,512 112,296
Cash at bank 258,719 512,644
560,231 624,940
CREDITORS
Amounts falling due within one year 6 196,586 191,107
NET CURRENT ASSETS 363,645 433,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,003

928,342

PROVISIONS FOR LIABILITIES 30,854 30,854
NET ASSETS 822,149 897,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 822,049 897,388
SHAREHOLDERS' FUNDS 822,149 897,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





S R Southall - Director


Southdown Materials Testing Limited (Registered number: 02592862)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Southdown Materials Testing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

Southdown Materials Testing Limited (Registered number: 02592862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 254,482 343,409 447,962
Additions - - 55,776
At 31 March 2023 254,482 343,409 503,738
DEPRECIATION
At 1 April 2022 - 243,714 364,263
Charge for year - 27,426 20,922
At 31 March 2023 - 271,140 385,185
NET BOOK VALUE
At 31 March 2023 254,482 72,269 118,553
At 31 March 2022 254,482 99,695 83,699

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 62,608 114,170 15,578 1,238,209
Additions - - - 55,776
At 31 March 2023 62,608 114,170 15,578 1,293,985
DEPRECIATION
At 1 April 2022 46,782 73,363 15,578 743,700
Charge for year 2,376 10,203 - 60,927
At 31 March 2023 49,158 83,566 15,578 804,627
NET BOOK VALUE
At 31 March 2023 13,450 30,604 - 489,358
At 31 March 2022 15,826 40,807 - 494,509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,246 95,281
Directors' current accounts 159,531 -
Prepayments and accrued income 18,735 17,015
301,512 112,296

Southdown Materials Testing Limited (Registered number: 02592862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,713 24,453
Amounts owed to group undertakings 121,220 6,748
Corporation Tax 14,050 31,560
Social security creditor 2,718 3,309
Value added tax 28,403 19,553
Other creditors 266 -
Directors' current accounts - 100,268
Sundry creditors & accrued charges 5,216 5,216
196,586 191,107

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
S R Southall
Balance outstanding at start of year - -
Amounts advanced 159,530 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 159,530 -

An amount of £nil was owed to the directors at 31st March 2023 (2022: £100,268).