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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
Page
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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
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Southern Engineering & Marine Co Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
74,453 
42,195 
Current assets
Inventories
305,109 
109,786 
Debtors
237,916 
422,869 
Cash at bank and in hand
(117,884)
(278,939)
425,141 
253,716 
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)
Net assets
57,547 
19,848 
Capital and reserves
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
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Southern Engineering & Marine Co Ltd Notes to the Accounts for the period from 1 July 2022 to 30 September 2023
1
Statutory information
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.
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 period, 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
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 
Depreciation
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 
Net book value
At 30 September 2023
73,052 
262 
1,139 
74,453 
At 30 June 2022
41,005 
- 
1,190 
42,195 
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Southern Engineering & Marine Co Ltd Notes to the Accounts for the period from 1 July 2022 to 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,723 
26,482 
Trade debtors
213,526 
367,194 
Accrued income and prepayments
16,667 
12,500 
Other debtors
- 
16,693 
237,916 
422,869 
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 
Accruals
9,647 
2,800 
338,613 
238,117 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
103,434 
37,946 
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).
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