Company Registration No. 12515801 (England and Wales)
SOS ENGINEERING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
SOS ENGINEERING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SOS ENGINEERING LIMITED
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,493
34,628
Current assets
Stocks
5,350
4,120
Debtors
4
94,130
57,713
Cash at bank and in hand
39,217
17,509
138,697
79,342
Creditors: amounts falling due within one year
5
(113,289)
(113,818)
Net current assets/(liabilities)
25,408
(34,476)
Net assets
53,901
152
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
53,801
52
Total equity
53,901
152

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SOS ENGINEERING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 February 2024 and are signed on its behalf by:
Mr A Stockton
Mr I M Jones
Director
Director
Mr R D Oakley
Mr P L Davies
Director
Director
Company registration number 12515801 (England and Wales)
SOS ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

SOS Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bay 2, 41-42 Ennerdale Road, Harlescott, Shrewsbury, Shropshire, SY1 3LD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Computers
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

SOS ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax has not been recognised as it is considered immaterial.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
SOS ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 July 2022
45,065
291
45,356
Additions
-
0
988
988
At 30 June 2023
45,065
1,279
46,344
Depreciation and impairment
At 1 July 2022
10,623
105
10,728
Depreciation charged in the year
6,888
235
7,123
At 30 June 2023
17,511
340
17,851
Carrying amount
At 30 June 2023
27,554
939
28,493
At 30 June 2022
34,442
186
34,628
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
75,441
43,283
Prepayments and accrued income
18,689
14,430
94,130
57,713
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
3,042
3,277
Corporation tax
6,062
-
0
Other taxation and social security
15,932
12,030
Other creditors
86,923
97,211
Accruals and deferred income
1,330
1,300
113,289
113,818
SOS ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 6 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
25
25
25
25
Ordinary B of £1 each
25
25
25
25
Ordinary C of £1 each
25
25
25
25
Ordinary D of £1 each
25
25
25
25
100
100
100
100
7
Related party transactions

SOS Agricultural Limited

 

During the year the company received rental income from SOS Agricultural Limited, a company under common control, to the value of £10,320 (2022 - £10,320).

 

During the year the company received service charge income from SOS Agricultural Limited, a company under common control, to the value of £Nil (2022 - £13,361).

 

At the year end the company owed SOS Agricultural Limited, a company under common control, £77,023 (2022 - £87,311).

2023-06-302022-07-01false27 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr A StocktonI M JonesMrMr P L DaviesMrs. H M Stocktonfalse125158012022-07-012023-06-30125158012023-06-30125158012022-06-3012515801core:PlantMachinery2023-06-3012515801core:ComputerEquipment2023-06-3012515801core:PlantMachinery2022-06-3012515801core:ComputerEquipment2022-06-3012515801core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3012515801core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3012515801core:CurrentFinancialInstruments2023-06-3012515801core:CurrentFinancialInstruments2022-06-3012515801core:ShareCapital2023-06-3012515801core:ShareCapital2022-06-3012515801core:RetainedEarningsAccumulatedLosses2023-06-3012515801core:RetainedEarningsAccumulatedLosses2022-06-3012515801core:ShareCapitalOrdinaryShares2023-06-3012515801core:ShareCapitalOrdinaryShares2022-06-3012515801bus:Director12022-07-012023-06-3012515801bus:Director22022-07-012023-06-3012515801bus:Director32022-07-012023-06-3012515801bus:Director42022-07-012023-06-3012515801core:PlantMachinery2022-07-012023-06-3012515801core:ComputerEquipment2022-07-012023-06-30125158012021-07-012022-06-3012515801core:PlantMachinery2022-06-3012515801core:ComputerEquipment2022-06-30125158012022-06-3012515801bus:PrivateLimitedCompanyLtd2022-07-012023-06-3012515801bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3012515801bus:FRS1022022-07-012023-06-3012515801bus:AuditExemptWithAccountantsReport2022-07-012023-06-3012515801bus:CompanySecretary12022-07-012023-06-3012515801bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP