SOUTHERN ASBESTOS SERVICES LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
453,617
403,564
Cash at bank and in hand
438,145
393,681
Creditors: amounts falling due within one year
(183,917)
(124,186)
Net current assets
614,014
569,540
Total assets less current liabilities
1,067,631
973,104
Creditors: amounts falling due after more than one year
(62,656)
(28,333)
Net assets
1,004,975
944,771
Called up share capital
9,905
9,905
Profit and loss account
995,070
934,866
Shareholders' funds
1,004,975
944,771
For the year ending 31 July 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 22 April 2024 and were signed on its behalf by
Stephen Brayshaw
Director
Company Registration No. 01982191
SOUTHERN ASBESTOS SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
SOUTHERN ASBESTOS SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01982191. The registered office is RIVERSIDE BUSINESS CENTRE, RIVER LAWN ROAD, TONBRIDGE, KENT, TN9 1EP.
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 remained unchanged from the previous year, and also 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:
Land & buildings
1% Straight line
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2022
381,776
432,486
814,262
Additions
-
100,305
100,305
At 31 July 2023
381,776
532,791
914,567
At 1 August 2022
72,094
338,604
410,698
Charge for the year
1,706
48,546
50,252
At 31 July 2023
73,800
387,150
460,950
At 31 July 2023
307,976
145,641
453,617
At 31 July 2022
309,682
93,882
403,564
SOUTHERN ASBESTOS SERVICES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
217,538
198,830
Accrued income and prepayments
15,000
15,000
Other debtors
105,270
78,673
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
22,228
-
Trade creditors
110,709
92,536
Taxes and social security
39,330
20,000
Other creditors
10,000
10,000
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
44,323
-
Other creditors
18,333
28,333
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free -repayable on demand
1,872
-
-
1,872
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Average number of employees
During the year the average number of employees was 16 (2022: 16).