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SOUTHERN ASBESTOS SERVICES LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
453,617 
403,564 
Current assets
Debtors
359,786 
300,045 
Cash at bank and in hand
438,145 
393,681 
797,931 
693,726 
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 
Capital and reserves
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
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SOUTHERN ASBESTOS SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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 year, 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:
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 
Depreciation
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 
Net book value
At 31 July 2023
307,976 
145,641 
453,617 
At 31 July 2022
309,682 
93,882 
403,564 
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SOUTHERN ASBESTOS SERVICES LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
21,978 
7,542 
Trade debtors
217,538 
198,830 
Accrued income and prepayments
15,000 
15,000 
Other debtors
105,270 
78,673 
359,786 
300,045 
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 
Accruals
1,650 
1,650 
183,917 
124,186 
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 
62,656 
28,333 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Peter Drayton
Interest free -repayable on demand
1,872 
- 
- 
1,872 
1,872 
- 
- 
1,872 
9
Average number of employees
During the year the average number of employees was 16 (2022: 16).
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