Company Registration No. 08707176 (England and Wales)
Southern Engineering & Marine Co Ltd
Unaudited accounts
for the period from 1 July 2022 to 30 September 2023
Southern Engineering & Marine Co Ltd
Unaudited accounts
Contents
Southern Engineering & Marine Co Ltd
Company Information
for the period from 1 July 2022 to 30 September 2023
Director
Mark James Noonan
Company Number
08707176 (England and Wales)
Registered Office
22 WELLERS CLOSE
TOTTON
SOUTHAMPTON
SO40 8FG
ENGLAND
Accountants
Accountancy Solutions (Winchester) Limited
Lancaster House
8 Barnes Wallis Road
Fareham
Hampshire
PO15 5TU
Southern Engineering & Marine Co Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
74,453
42,195
Inventories
305,109
109,786
Cash at bank and in hand
(117,884)
(278,939)
Creditors: amounts falling due within one year
(338,613)
(238,117)
Net current assets
86,528
15,599
Total assets less current liabilities
160,981
57,794
Creditors: amounts falling due after more than one year
(103,434)
(37,946)
Called up share capital
1
1
Profit and loss account
57,546
19,847
Shareholders' funds
57,547
19,848
For the period ending 30 September 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 16 February 2024 and were signed on its behalf by
Mark James Noonan
Director
Company Registration No. 08707176
Southern Engineering & Marine Co Ltd
Notes to the Accounts
for the period from 1 July 2022 to 30 September 2023
Southern Engineering & Marine Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 08707176. The registered office is 22 WELLERS CLOSE, TOTTON, SOUTHAMPTON, SO40 8FG, 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 remained unchanged from the previous period, 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:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
63,035
10,208
1,298
74,541
Additions
44,805
350
329
45,484
At 30 September 2023
107,840
10,558
1,627
120,025
At 1 July 2022
22,030
10,208
108
32,346
Charge for the period
12,758
88
380
13,226
At 30 September 2023
34,788
10,296
488
45,572
At 30 September 2023
73,052
262
1,139
74,453
At 30 June 2022
41,005
-
1,190
42,195
Southern Engineering & Marine Co Ltd
Notes to the Accounts
for the period from 1 July 2022 to 30 September 2023
Amounts falling due within one year
Trade debtors
213,526
367,194
Accrued income and prepayments
16,667
12,500
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
227,928
158,171
Taxes and social security
109,279
59,443
Other creditors
7,227
15,903
Loans from directors
(15,468)
1,800
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).