Company Registration No. 14146591 (England and Wales)
Southsea Services Limited
Unaudited accounts
for the period from 1 June 2022 to 30 June 2023
Southsea Services Limited
Unaudited accounts
Contents
Southsea Services Limited
Company Information
for the period from 1 June 2022 to 30 June 2023
Company Number
14146591 (England and Wales)
Registered Office
5 ALBERT ROAD
SOUTHSEA
HAMPSHIRE
PO5 2SE
ENGLAND
Accountants
Square Accounts Limited
5 Albert Road
Southsea
Hampshire
PO5 2SE
Southsea Services Limited
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
70,368
Creditors: amounts falling due within one year
(228,825)
Net current assets
662,361
Profit and loss account
766,461
Shareholders' funds
766,462
For the period 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 10 March 2024 and were signed on its behalf by
Kevin Capon
Director
Company Registration No. 14146591
Southsea Services Limited
Notes to the Accounts
for the period from 1 June 2022 to 30 June 2023
Southsea Services Limited is a private company, limited by shares, registered in England and Wales, registration number 14146591. The registered office is 5 ALBERT ROAD, SOUTHSEA, HAMPSHIRE, PO5 2SE, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% reducing balance
The financial statements have been prepared on a going concern basis.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Southsea Services Limited
Notes to the Accounts
for the period from 1 June 2022 to 30 June 2023
4
Tangible fixed assets
Plant & machinery
Charge for the period
20,464
Amounts falling due within one year
Accrued income and prepayments
807,603
6
Creditors: amounts falling due within one year
2023
Taxes and social security
228,282
7
Transactions with related parties
The director maintains an interest free loan with the company. The balance owed to the director as at 30 June 2023 was £543.
8
Average number of employees
During the period the average number of employees was 1.