Acorah Software Products - Accounts Production 15.0.400 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08799033 Mr David Shipton Mrs Sarah Shipton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08799033 2022-12-31 08799033 2023-12-31 08799033 2023-01-01 2023-12-31 08799033 frs-core:CurrentFinancialInstruments 2023-12-31 08799033 frs-core:Non-currentFinancialInstruments 2023-12-31 08799033 frs-core:BetweenOneFiveYears 2023-12-31 08799033 frs-core:FurnitureFittings 2023-12-31 08799033 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08799033 frs-core:FurnitureFittings 2022-12-31 08799033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08799033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 08799033 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 08799033 frs-core:MotorVehicles 2023-12-31 08799033 frs-core:MotorVehicles 2023-01-01 2023-12-31 08799033 frs-core:MotorVehicles 2022-12-31 08799033 frs-core:PlantMachinery 2023-12-31 08799033 frs-core:PlantMachinery 2023-01-01 2023-12-31 08799033 frs-core:PlantMachinery 2022-12-31 08799033 frs-core:WithinOneYear 2023-12-31 08799033 frs-core:ShareCapital 2023-12-31 08799033 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08799033 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08799033 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08799033 frs-bus:SmallEntities 2023-01-01 2023-12-31 08799033 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08799033 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08799033 frs-bus:Director1 2023-01-01 2023-12-31 08799033 frs-bus:Director2 2023-01-01 2023-12-31 08799033 frs-countries:EnglandWales 2023-01-01 2023-12-31 08799033 2021-12-31 08799033 2022-12-31 08799033 2022-01-01 2022-12-31 08799033 frs-core:CurrentFinancialInstruments 2022-12-31 08799033 frs-core:Non-currentFinancialInstruments 2022-12-31 08799033 frs-core:BetweenOneFiveYears 2022-12-31 08799033 frs-core:WithinOneYear 2022-12-31 08799033 frs-core:ShareCapital 2022-12-31 08799033 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08799033
Southern Works Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08799033
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,113,286 766,961
1,113,286 766,961
CURRENT ASSETS
Stocks 5 34,538 33,013
Debtors 6 77,430 49,587
Cash at bank and in hand 79,423 198,521
191,391 281,121
Creditors: Amounts Falling Due Within One Year 7 (266,306 ) (186,973 )
NET CURRENT ASSETS (LIABILITIES) (74,915 ) 94,148
TOTAL ASSETS LESS CURRENT LIABILITIES 1,038,371 861,109
Creditors: Amounts Falling Due After More Than One Year 8 (591,715 ) (521,397 )
NET ASSETS 446,656 339,712
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 446,556 339,612
SHAREHOLDERS' FUNDS 446,656 339,712
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For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Shipton
Director
9 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Southern Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08799033 . The registered office is 33 West Borough, Wimborne, Dorset, BH21 1LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold No depreciation
Plant & Machinery 10%/25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2023 - 807,688 144,802 17,217 969,707
Additions 35,000 406,772 17,500 707 459,979
Disposals - (4,450 ) - - (4,450 )
As at 31 December 2023 35,000 1,210,010 162,302 17,924 1,425,236
Depreciation
As at 1 January 2023 - 125,508 63,665 13,573 202,746
Provided during the period - 89,052 21,743 1,007 111,802
Disposals - (2,598 ) - - (2,598 )
As at 31 December 2023 - 211,962 85,408 14,580 311,950
Net Book Value
As at 31 December 2023 35,000 998,048 76,894 3,344 1,113,286
As at 1 January 2023 - 682,180 81,137 3,644 766,961
5. Stocks
2023 2022
£ £
Work in progress 34,538 33,013
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 60,342 9,675
Other debtors 10,000 10,000
VAT 7,088 29,912
77,430 49,587
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 220,991 148,431
Trade creditors 8,676 4,828
Bank loans and overdrafts 9,884 9,642
Other taxes and social security 16,285 12,969
Accruals and deferred income 10,282 10,420
Directors' loan accounts 188 683
266,306 186,973
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 576,689 496,246
Bank loans 15,026 25,151
591,715 521,397
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 220,991 148,431
Later than one year and not later than five years 576,689 496,246
797,680 644,677
797,680 644,677
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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