SOUTHERN EXECUTIVE TRAVEL LIMITED

Company Registration Number:
06504576 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

SOUTHERN EXECUTIVE TRAVEL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SOUTHERN EXECUTIVE TRAVEL LIMITED

Company Information

for the Period Ended 28 February 2023




Director: David Hills
Mary Hills
Secretary: David Hills
Registered office: 14
Morse Road
Kings Barton
Winchester
Hampshire
England
SO22 6GQ
Company Registration Number: 06504576 (England and Wales)

SOUTHERN EXECUTIVE TRAVEL LIMITED

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal Activities

The Companies activity during the year was running a taxi and chauffeur driven car business

Political and charitable donations

Not Applicable

Directors

The directors shown below have held office during the whole of the period from 01 March 2022 to 28 February 2023
David Hills
Mary Hills

Secretary
David Hills

This report was approved by the board of directors on 31 October 2023
And Signed On Behalf Of The Board By:

Name: David Hills
Status: Director

SOUTHERN EXECUTIVE TRAVEL LIMITED

Profit and Loss Account

for the Period Ended 28 February 2023


Notes

2023
£

2022
£
Turnover 41,632 34,726
Cost of sales ( 8,488 ) ( 10,054 )
Gross Profit or (Loss) 33,144 26,442
Income from coronavirus (COVID-19) business support grants - 1,770
Administrative Expenses ( 33,290 ) ( 21,611 )
Operating Profit or (Loss) ( 146 ) 4,831
Interest Payable and Similar Charges ( 865 ) ( 421 )
Profit or (Loss) Before Tax ( 1,011 ) 4,410
Profit or (Loss) for Period ( 1,011 ) 4,410

The notes form part of these financial statements

SOUTHERN EXECUTIVE TRAVEL LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 36,039 16,844
Total fixed assets: 36,039 16,844
Current assets
Cash at bank and in hand: 3,563 2,373
Total current assets: 3,563 2,373
Creditors: amounts falling due within one year: 5 ( 7,084 ) ( 0 )
Net current assets (liabilities): ( 3,521 ) 2,373
Total assets less current liabilities: 32,518 19,217
Creditors: amounts falling due after more than one year: 6 ( 54,205 ) ( 39,048 )
Provision for liabilities: ( 420 )
Total net assets (liabilities): ( 21,687 ) ( 20,251 )

The notes form part of these financial statements

SOUTHERN EXECUTIVE TRAVEL LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 5,000 5,000
Profit and loss account: ( 26,687 ) ( 25,251 )
Shareholders funds: ( 21,687 ) ( 20,251 )

For the year ending 28 February 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 October 2023
And Signed On Behalf Of The Board By:

Name: David Hills
Status: Director

The notes form part of these financial statements

SOUTHERN EXECUTIVE TRAVEL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

    Tangible fixed assets depreciation policy

    Motor vehicles are depreciated at 25% reducing balance

SOUTHERN EXECUTIVE TRAVEL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

SOUTHERN EXECUTIVE TRAVEL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

SOUTHERN EXECUTIVE TRAVEL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible assets

Motor vehicles Total
Cost £ £
At 01 March 2022 17,900 17,900
Additions 24,699 24,699
Disposals ( 0 ) ( 0 )
Revaluations - -
Transfers - -
At 28 February 2023 42,599 42,599
Depreciation
At 01 March 2022 1,056 1,056
Charge for year 5,504 5,504
On disposals - -
Other adjustments - -
At 28 February 2023 6,560 6,560
Net book value
At 28 February 2023 36,039 36,039
At 28 February 2022 16,844 16,844

SOUTHERN EXECUTIVE TRAVEL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Amounts due under finance leases and hire purchase contracts 7,084 0
Total 7,084 0

Creditors due within one year are car hire purchase payment for the next year

SOUTHERN EXECUTIVE TRAVEL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 3,304
Amounts due under finance leases and hire purchase contracts 27,862 12,817
Other creditors 26,343 22,927
Total 54,205 39,048

Amounts falling due after one year are for the Directors Account and car hire purchases payments