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REGISTERED NUMBER: 05185022 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Southern Restorations Limited

Southern Restorations Limited (Registered number: 05185022)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Southern Restorations Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: M R Head





SECRETARY: MP Secretaries Limited





REGISTERED OFFICE: Old Gun Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 05185022 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Old Gun Court
North Street
Dorking
Surrey
RH4 1DE

Southern Restorations Limited (Registered number: 05185022)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 425 2,603

CURRENT ASSETS
Debtors 5 16,587 9,650
Cash at bank 2,386 5,054
18,973 14,704
CREDITORS
Amounts falling due within one year 6 19,159 16,295
NET CURRENT LIABILITIES (186 ) (1,591 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

239

1,012

CREDITORS
Amounts falling due after more than one
year

7

-

(384

)

PROVISIONS FOR LIABILITIES - (495 )
NET ASSETS 239 133

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 139 33
SHAREHOLDERS' FUNDS 239 133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Southern Restorations Limited (Registered number: 05185022)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





M R Head - Director


Southern Restorations Limited (Registered number: 05185022)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Southern Restorations 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on reducing balance, 25% on reducing balance and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Government grants
Government grants that are received in respect of expenses or losses already incurred by the entity are recognised in profit and loss in the period when the grant becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Southern Restorations Limited (Registered number: 05185022)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 2,621 7,012 515 10,148
DEPRECIATION
At 1 August 2022 1,771 5,259 515 7,545
Charge for year 425 1,753 - 2,178
At 31 July 2023 2,196 7,012 515 9,723
NET BOOK VALUE
At 31 July 2023 425 - - 425
At 31 July 2022 850 1,753 - 2,603

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 234 766
Other debtors 16,353 8,884
16,587 9,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 2,300
Trade creditors 3,883 5,319
Taxation and social security 11,548 7,272
Other creditors 3,728 1,404
19,159 16,295

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 384

Southern Restorations Limited (Registered number: 05185022)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
M R Head
Balance outstanding at start of year 4,441 2,433
Amounts advanced 7,827 2,008
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,268 4,441