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Company Registration No. 05992455 (England and Wales)
Southwaterstreet Ltd Unaudited accounts for the year ended 30 November 2022
Southwaterstreet Ltd Unaudited accounts Contents
Page
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Southwaterstreet Ltd Company Information for the year ended 30 November 2022
Director
Thomas Mckinney
Company Number
05992455 (England and Wales)
Registered Office
2a Glenfield Road Ashford Middlesex TW15 1JL
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Southwaterstreet Ltd Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
312,955 
340,038 
Current assets
Debtors
393,043 
365,660 
Cash at bank and in hand
55,175 
607,541 
448,218 
973,201 
Creditors: amounts falling due within one year
(477,317)
(918,079)
Net current (liabilities)/assets
(29,099)
55,122 
Total assets less current liabilities
283,856 
395,160 
Creditors: amounts falling due after more than one year
(13,367)
(132,381)
Net assets
270,489 
262,779 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
270,488 
262,778 
Shareholders' funds
270,489 
262,779 
For the year ending 30 November 2022 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 9 November 2023 and were signed on its behalf by
Thomas Mckinney Director Company Registration No. 05992455
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Southwaterstreet Ltd Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
Southwaterstreet Ltd is a private company, limited by shares, registered in England and Wales, registration number 05992455. The registered office is 2a Glenfield Road, Ashford, Middlesex, TW15 1JL.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2021
435,083 
173,082 
608,165 
At 30 November 2022
435,083 
173,082 
608,165 
Depreciation
At 1 December 2021
268,127 
- 
268,127 
Charge for the year
27,083 
- 
27,083 
At 30 November 2022
295,210 
- 
295,210 
Net book value
At 30 November 2022
139,873 
173,082 
312,955 
At 30 November 2021
166,956 
173,082 
340,038 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
119,152 
100,264 
Other debtors
273,891 
265,396 
393,043 
365,660 
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Southwaterstreet Ltd Notes to the Accounts for the year ended 30 November 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
55,646 
71,867 
Obligations under finance leases and hire purchase contracts
32,705 
32,705 
Trade creditors
272,956 
811,825 
Taxes and social security
111,010 
50,245 
Other creditors
- 
(53,563)
Accruals
5,000 
5,000 
477,317 
918,079 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
32,506 
57,839 
Obligations under finance leases and hire purchase contracts
(19,139)
74,542 
13,367 
132,381 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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