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REGISTERED NUMBER: 13173725 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Southern Structures Limited

Southern Structures Limited (Registered number: 13173725)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southern Structures Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L J Blanchard
N A Jackson





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 13173725 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Southern Structures Limited (Registered number: 13173725)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 294,359 138,245

CURRENT ASSETS
Debtors 5 2,063,713 2,791,540
Cash at bank 2,857,896 101,111
4,921,609 2,892,651
CREDITORS
Amounts falling due within one year 6 4,190,943 2,333,668
NET CURRENT ASSETS 730,666 558,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,025

697,228

CREDITORS
Amounts falling due after more than one
year

7

(170,694

)

(67,260

)

PROVISIONS FOR LIABILITIES (73,590 ) (34,561 )
NET ASSETS 780,741 595,407

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 780,740 595,406
780,741 595,407

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

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

The directors acknowledge their 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.

Southern Structures Limited (Registered number: 13173725)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





L J Blanchard - Director


Southern Structures Limited (Registered number: 13173725)

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

1. STATUTORY INFORMATION

Southern Structures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The accounts represent the company as an individual entity.

Accounts are rounded to the nearest pound.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Southern Structures Limited (Registered number: 13173725)

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

2. ACCOUNTING POLICIES - continued

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 24 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 173,500 - 173,500
Additions 192,663 34,757 227,420
At 31 December 2023 366,163 34,757 400,920
DEPRECIATION
At 1 January 2023 35,255 - 35,255
Charge for year 66,672 4,634 71,306
At 31 December 2023 101,927 4,634 106,561
NET BOOK VALUE
At 31 December 2023 264,236 30,123 294,359
At 31 December 2022 138,245 - 138,245

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 173,500 - 173,500
Additions 192,663 34,757 227,420
At 31 December 2023 366,163 34,757 400,920
DEPRECIATION
At 1 January 2023 35,255 - 35,255
Charge for year 66,672 4,634 71,306
At 31 December 2023 101,927 4,634 106,561
NET BOOK VALUE
At 31 December 2023 264,236 30,123 294,359
At 31 December 2022 138,245 - 138,245

Southern Structures Limited (Registered number: 13173725)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 650,308 1,741,810
Accrued income 739,650 -
Amounts owed by group undertakings 607,465 737,264
Other debtors 17,372 -
VAT - 291,655
Prepayments 48,918 20,811
2,063,713 2,791,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 133,562 -
Hire purchase contracts 123,423 53,486
Trade creditors 2,010,232 1,728,395
Amounts owed to group undertakings 369,740 250,036
Taxation and social security 174,402 92,611
Other creditors 1,379,584 209,140
4,190,943 2,333,668

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 60,386 -
Hire purchase contracts 110,308 67,260
170,694 67,260