1 January 2023 false Taxfiler 2024.1 10882663business:PrivateLimitedCompanyLtd2023-01-012023-12-31 108826632022-12-31 108826632023-01-012023-12-31 10882663business:AuditExemptWithAccountantsReport2023-01-012023-12-31 10882663business:FilletedAccounts2023-01-012023-12-31 108826632023-12-31 10882663business:Director12023-01-012023-12-31 10882663business:Director22023-01-012023-12-31 10882663business:RegisteredOffice2023-01-012023-12-31 108826632022-12-31 10882663core:WithinOneYear2023-12-31 10882663core:WithinOneYear2022-12-31 10882663core:AfterOneYear2023-12-31 10882663core:AfterOneYear2022-12-31 10882663core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 10882663core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10882663core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 10882663core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10882663core:PreviouslyStatedAmount2023-12-31 10882663core:PreviouslyStatedAmount2022-12-31 10882663business:SmallEntities2023-01-012023-12-31 10882663countries:EnglandWales2023-01-012023-12-31 10882663core:PlantMachinery2023-01-012023-12-31 10882663core:MotorVehicles2023-01-012023-12-31 10882663core:FurnitureFittings2023-01-012023-12-31 10882663core:ComputerEquipment2023-01-012023-12-31 10882663core:Goodwill2022-12-31 10882663core:Goodwill2023-12-31 10882663core:Goodwill2023-01-012023-12-31 10882663core:PlantMachinery2022-12-31 10882663core:MotorVehicles2022-12-31 10882663core:FurnitureFittings2022-12-31 10882663core:ComputerEquipment2022-12-31 10882663core:PlantMachinery2023-12-31 10882663core:MotorVehicles2023-12-31 10882663core:FurnitureFittings2023-12-31 10882663core:ComputerEquipment2023-12-31 108826632022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10882663 (England and Wales)
SOUTH DEVON ACCOUNTING LTD Unaudited accounts for the year ended 31 December 2023
SOUTH DEVON ACCOUNTING LTD Unaudited accounts Contents
Page
- 2 -
SOUTH DEVON ACCOUNTING LTD Company Information for the year ended 31 December 2023
Directors
Mrs Catherine Flannery Mr Peter Flannery
Company Number
10882663 (England and Wales)
Registered Office
6 ORCHARD CLOSE OGWELL NEWTON ABBOT DEVON TQ12 6AL UK
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
- 3 -
SOUTH DEVON ACCOUNTING LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
14,400 
Tangible assets
50,571 
34,272 
62,571 
48,672 
Current assets
Debtors
14,305 
11,746 
Cash at bank and in hand
2,306 
5,977 
16,611 
17,723 
Creditors: amounts falling due within one year
(43,621)
(33,192)
Net current liabilities
(27,010)
(15,469)
Total assets less current liabilities
35,561 
33,203 
Creditors: amounts falling due after more than one year
(43,317)
(36,784)
Provisions for liabilities
Deferred tax
(9,609)
(6,512)
Net liabilities
(17,365)
(10,093)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(17,367)
(10,095)
Shareholders' funds
(17,365)
(10,093)
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by
Mr Peter Flannery Director Company Registration No. 10882663
- 4 -
SOUTH DEVON ACCOUNTING LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SOUTH DEVON ACCOUNTING LTD is a private company, limited by shares, registered in England and Wales, registration number 10882663. The registered office is 6 ORCHARD CLOSE, OGWELL NEWTON ABBOT, DEVON, TQ12 6AL, UK.
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:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. 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. Deferred tax assets and liabilities are not discounted.
- 5 -
SOUTH DEVON ACCOUNTING LTD Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
24,000 
At 31 December 2023
24,000 
Amortisation
At 1 January 2023
9,600 
Charge for the year
2,400 
At 31 December 2023
12,000 
Net book value
At 31 December 2023
12,000 
At 31 December 2022
14,400 
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 January 2023
659 
42,999 
- 
4,152 
47,810 
Additions
- 
31,740 
1,002 
415 
33,157 
At 31 December 2023
659 
74,739 
1,002 
4,567 
80,967 
Depreciation
At 1 January 2023
165 
10,750 
- 
2,623 
13,538 
Charge for the year
124 
15,997 
251 
486 
16,858 
At 31 December 2023
289 
26,747 
251 
3,109 
30,396 
Net book value
At 31 December 2023
370 
47,992 
751 
1,458 
50,571 
At 31 December 2022
494 
32,249 
- 
1,529 
34,272 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,305 
11,746 
- 6 -
SOUTH DEVON ACCOUNTING LTD Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,600 
5,600 
VAT
9,958 
8,994 
Obligations under finance leases and hire purchase contracts
11,200 
6,200 
Trade creditors
- 
1,141 
Taxes and social security
14,229 
8,984 
Other creditors
4,399 
5,945 
Loans from directors
(11,765)
(13,672)
Accruals
10,000 
10,000 
43,621 
33,192 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,934 
13,534 
Obligations under finance leases and hire purchase contracts
35,383 
23,250 
43,317 
36,784 
9
Average number of employees
During the year the average number of employees was 4 (2022: 2).
- 7 -