IRIS Accounts Production v23.3.1.45 04223780 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042237802022-09-30042237802023-09-30042237802022-10-012023-09-30042237802021-09-30042237802021-10-012022-09-30042237802022-09-3004223780ns10:Originalns15:EnglandWales2022-10-012023-09-3004223780ns14:PoundSterlingns10:Original2022-10-012023-09-3004223780ns10:Originalns10:Director12022-10-012023-09-3004223780ns10:Original2022-10-012023-09-3004223780ns10:Originalns10:Director22022-10-012023-09-3004223780ns10:Original2023-09-3004223780ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3004223780ns10:Originalns10:SmallEntities2022-10-012023-09-3004223780ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3004223780ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3004223780ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3004223780ns10:Originalns10:FullAccounts2022-10-012023-09-3004223780ns10:Original12022-10-012023-09-3004223780ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-3004223780ns10:Originalns10:Director32022-10-012023-09-3004223780ns10:Originalns10:Director42022-10-012023-09-3004223780ns10:CompanySecretary1ns10:Original2022-10-012023-09-3004223780ns10:Originalns10:RegisteredOffice2022-10-012023-09-3004223780ns10:Original2022-09-3004223780ns10:Originalns5:CurrentFinancialInstruments2023-09-3004223780ns10:Originalns5:CurrentFinancialInstruments2022-09-3004223780ns10:Originalns5:Non-currentFinancialInstruments2023-09-3004223780ns10:Originalns5:Non-currentFinancialInstruments2022-09-3004223780ns5:ShareCapitalns10:Original2023-09-3004223780ns5:ShareCapitalns10:Original2022-09-3004223780ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-09-3004223780ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-09-3004223780ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3004223780ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3004223780ns10:Originalns5:NetGoodwill2022-10-012023-09-3004223780ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-10-012023-09-3004223780ns10:Originalns5:LeaseholdImprovements2022-10-012023-09-3004223780ns10:Originalns5:PlantMachinery2022-10-012023-09-3004223780ns10:Originalns5:FurnitureFittings2022-10-012023-09-3004223780ns10:Originalns5:MotorVehicles2022-10-012023-09-3004223780ns10:Originalns5:ComputerEquipment2022-10-012023-09-3004223780ns10:Original2021-10-012022-09-3004223780ns10:Originalns5:NetGoodwill2022-09-3004223780ns10:Originalns5:NetGoodwill2023-09-3004223780ns10:Originalns5:NetGoodwill2022-09-3004223780ns10:Originalns5:LandBuildings2022-09-3004223780ns10:Originalns5:LeaseholdImprovements2022-09-3004223780ns10:Originalns5:PlantMachinery2022-09-3004223780ns10:Originalns5:LandBuildings2022-10-012023-09-3004223780ns10:Originalns5:LandBuildings2023-09-3004223780ns10:Originalns5:LeaseholdImprovements2023-09-3004223780ns10:Originalns5:PlantMachinery2023-09-3004223780ns10:Originalns5:LandBuildings2022-09-3004223780ns10:Originalns5:LeaseholdImprovements2022-09-3004223780ns10:Originalns5:PlantMachinery2022-09-3004223780ns10:Originalns5:FurnitureFittings2022-09-3004223780ns10:Originalns5:MotorVehicles2022-09-3004223780ns10:Originalns5:ComputerEquipment2022-09-3004223780ns10:Original2022-09-3004223780ns10:Originalns5:FurnitureFittings2023-09-3004223780ns10:Originalns5:MotorVehicles2023-09-3004223780ns10:Originalns5:ComputerEquipment2023-09-3004223780ns10:Originalns5:FurnitureFittings2022-09-3004223780ns10:Originalns5:MotorVehicles2022-09-3004223780ns10:Originalns5:ComputerEquipment2022-09-3004223780ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3004223780ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3004223780ns10:Originalns5:WithinOneYear2023-09-3004223780ns10:Originalns5:WithinOneYear2022-09-3004223780ns5:BetweenOneFiveYearsns10:Original2023-09-3004223780ns5:BetweenOneFiveYearsns10:Original2022-09-3004223780ns10:Originalns5:AllPeriods2023-09-3004223780ns10:Originalns5:AllPeriods2022-09-3004223780ns5:Securedns10:Original2023-09-3004223780ns5:Securedns10:Original2022-09-3004223780ns10:Originalns5:DeferredTaxation2022-09-3004223780ns10:Originalns5:DeferredTaxation2023-09-3004223780ns10:Originalns10:OrdinaryShareClass12023-09-3004223780ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-09-30
REGISTERED NUMBER: 04223780 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Southbourne Electrical Services Limited

Southbourne Electrical Services Limited (Registered number: 04223780)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southbourne Electrical Services Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J Fenton
Mrs A Fenton
Mrs D P Fisk
A G Fisk





SECRETARY: Mrs D P Fisk





REGISTERED OFFICE: 11 Warwick Road
West Drayton
Middlesex
UB7 9BT





REGISTERED NUMBER: 04223780 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Southbourne Electrical Services Limited (Registered number: 04223780)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 498,160 503,974
498,160 503,974

CURRENT ASSETS
Stocks 396,117 396,237
Debtors 6 338,241 390,009
Cash at bank and in hand 57,384 307
791,742 786,553
CREDITORS
Amounts falling due within one year 7 757,495 757,244
NET CURRENT ASSETS 34,247 29,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,407

533,283

CREDITORS
Amounts falling due after more than one
year

8

(51,779

)

(59,448

)

PROVISIONS FOR LIABILITIES 11 (60,179 ) (46,180 )
NET ASSETS 420,449 427,655

CAPITAL AND RESERVES
Called up share capital 12 8 8
Fair value reserve 13 195,550 209,818
Retained earnings 224,891 217,829
SHAREHOLDERS' FUNDS 420,449 427,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Southbourne Electrical Services Limited (Registered number: 04223780)

Balance Sheet - continued
30 September 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:




J Fenton - Director



A G Fisk - Director


Southbourne Electrical Services Limited (Registered number: 04223780)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Southbourne Electrical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The directors have made key assumptions in the determination of the fair value of the freehold property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Southbourne Electrical Services Limited (Registered number: 04223780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Southbourne Electrical Services Limited (Registered number: 04223780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 30,000
AMORTISATION
At 1 October 2022
and 30 September 2023 30,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 470,000 38,717 8,123
DEPRECIATION
At 1 October 2022 - 9,996 6,678
Charge for year - 3,872 362
At 30 September 2023 - 13,868 7,040
NET BOOK VALUE
At 30 September 2023 470,000 24,849 1,083
At 30 September 2022 470,000 28,721 1,445

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2022
and 30 September 2023 3,038 32,190 10,286 562,354
DEPRECIATION
At 1 October 2022 2,589 30,377 8,740 58,380
Charge for year 112 452 1,016 5,814
At 30 September 2023 2,701 30,829 9,756 64,194
NET BOOK VALUE
At 30 September 2023 337 1,361 530 498,160
At 30 September 2022 449 1,813 1,546 503,974

Southbourne Electrical Services Limited (Registered number: 04223780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2023 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2017 254,400 - 8,123
Cost 215,600 38,717 -
470,000 38,717 8,123

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2017 3,038 32,190 10,286 308,037
Cost - - - 254,317
3,038 32,190 10,286 562,354

Freehold property was valued on an open market basis on 30 September 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 297,066 309,447
Other debtors 41,175 80,562
338,241 390,009

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 8,163 25,477
Trade creditors 613,515 577,508
Taxation and social security 93,357 46,587
Other creditors 42,460 107,672
757,495 757,244

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 51,779 59,448

Southbourne Electrical Services Limited (Registered number: 04223780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.23 30.9.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,129 24,817

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 17,946 17,946
Between one and five years 17,375 35,321
35,321 53,267

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 59,942 68,105

The bank loans are secured by a legal charge over the freehold property together with a fixed and floating charge over all assets owned by the company.

11. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 60,179 46,180

Deferred
tax
£   
Balance at 1 October 2022 46,180
Accelerated capital allowances (269 )
Fair value reserve transfer 14,268
Balance at 30 September 2023 60,179

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
8 Ordinary £1 8 8

Southbourne Electrical Services Limited (Registered number: 04223780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


13. RESERVES
Fair
value
reserve
£   
At 1 October 2022 209,818
Revaluation of assets (14,268 )

At 30 September 2023 195,550