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Company Registration No. 8124602 (England and Wales)
South Coast Property Installations Limited Unaudited accounts for the year ended 30 June 2023
South Coast Property Installations Limited Unaudited accounts Contents
Page
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South Coast Property Installations Limited Company Information for the year ended 30 June 2023
Director
Keith Middleton
Secretary
Keith Middleton
Company Number
8124602 (England and Wales)
Registered Office
Unit C 1 Willis Way Poole Dorset BH15 3SS
Accountants
JSVM Limited Certified Public Accountants 23a Dawkins Road Poole Dorset BH15 4JY
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South Coast Property Installations Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
149,000 
216,500 
Tangible assets
14,239 
12,337 
163,239 
228,837 
Current assets
Inventories
28,250 
1,670 
Debtors
288,743 
131,855 
Cash at bank and in hand
35,088 
98,878 
352,081 
232,403 
Creditors: amounts falling due within one year
(467,525)
(394,504)
Net current liabilities
(115,444)
(162,101)
Total assets less current liabilities
47,795 
66,736 
Creditors: amounts falling due after more than one year
(19,378)
(37,445)
Provisions for liabilities
Deferred tax
(2,848)
(2,344)
Net assets
25,569 
26,947 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
25,369 
26,747 
Shareholders' funds
25,569 
26,947 
For the year ending 30 June 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 5 March 2024 and were signed on its behalf by
Keith Middleton Director Company Registration No. 8124602
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South Coast Property Installations Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
South Coast Property Installations Limited is a private company, limited by shares, registered in England and Wales, registration number 8124602. The registered office is Unit C, 1 Willis Way, Poole, Dorset, BH15 3SS.
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
These financial statements for the year ended 30 June 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years Straight Line
Motor vehicles
25% Annual Reducing Balance
Fixtures & fittings
3 Years Straight Line
Computer equipment
3 Years Straight Line
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation and accumulated impairment losses. Impairment of intangible fixed assets is reviewed annually and provided for within the financial statements where circumstances indicate that the carrying value of an asset is likely to not be fully recoverable.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads.
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South Coast Property Installations Limited Notes to the Accounts for the year ended 30 June 2023
Deferred taxation
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
216,500 
Disposals
(52,500)
Revaluations
(15,000)
At 30 June 2023
149,000 
Amortisation
At 1 July 2022
- 
At 30 June 2023
- 
Net book value
At 30 June 2023
149,000 
At 30 June 2022
216,500 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
15,441 
5,990 
9,715 
12,610 
43,756 
Additions
1,883 
- 
- 
5,545 
7,428 
At 30 June 2023
17,324 
5,990 
9,715 
18,155 
51,184 
Depreciation
At 1 July 2022
9,256 
4,490 
9,511 
8,162 
31,419 
Charge for the year
2,342 
375 
115 
2,694 
5,526 
At 30 June 2023
11,598 
4,865 
9,626 
10,856 
36,945 
Net book value
At 30 June 2023
5,726 
1,125 
89 
7,299 
14,239 
At 30 June 2022
6,185 
1,500 
204 
4,448 
12,337 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
57,176 
- 
Trade debtors
197,378 
107,994 
Accrued income and prepayments
15,477 
13,645 
Other debtors
18,712 
10,216 
288,743 
131,855 
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South Coast Property Installations Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
55,649 
40,279 
VAT
- 
12,890 
Obligations under finance leases and hire purchase contracts
- 
401 
Trade creditors
256,751 
177,859 
Taxes and social security
60,071 
46,832 
Accruals
10,907 
34,261 
Deferred income
84,147 
81,982 
467,525 
394,504 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,378 
37,445 
9
Average number of employees
During the year the average number of employees was 7 (2022: 6).
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