Southern Cabins Limited 07280960 false 2023-07-01 2024-07-31 2024-07-31 The principal activity of the company is cabin rental. Digita Accounts Production Advanced 6.30.9574.0 true true 07280960 2023-07-01 2024-07-31 07280960 2024-07-31 07280960 bus:OrdinaryShareClass1 2024-07-31 07280960 core:CurrentFinancialInstruments 2024-07-31 07280960 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07280960 core:Non-currentFinancialInstruments 2024-07-31 07280960 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 07280960 core:FurnitureFittingsToolsEquipment 2024-07-31 07280960 bus:SmallEntities 2023-07-01 2024-07-31 07280960 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-07-31 07280960 bus:FullAccounts 2023-07-01 2024-07-31 07280960 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-07-31 07280960 bus:RegisteredOffice 2023-07-01 2024-07-31 07280960 bus:Director1 2023-07-01 2024-07-31 07280960 bus:OrdinaryShareClass1 2023-07-01 2024-07-31 07280960 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-07-31 07280960 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-07-31 07280960 countries:EnglandWales 2023-07-01 2024-07-31 07280960 2023-06-30 07280960 core:FurnitureFittingsToolsEquipment 2023-06-30 07280960 2022-07-01 2023-06-30 07280960 2023-06-30 07280960 bus:OrdinaryShareClass1 2023-06-30 07280960 core:CurrentFinancialInstruments 2023-06-30 07280960 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07280960 core:Non-currentFinancialInstruments 2023-06-30 07280960 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 07280960 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07280960

Southern Cabins Limited

Unaudited Filleted Financial Statements

for the Period from 1 July 2023 to 31 July 2024

 

Southern Cabins Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Southern Cabins Limited

Company Information

Director

Mr John Forrest

Registered office

Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

Accountants

Blackman Terry Accountants Ltd
Chartered Certified Accountant
Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

 

Southern Cabins Limited

(Registration number: 07280960)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

67

Current assets

 

Debtors

5

3,167

15,056

Creditors: Amounts falling due within one year

6

(22,839)

(14,997)

Net current (liabilities)/assets

 

(19,672)

59

Total assets less current liabilities

 

(19,672)

126

Creditors: Amounts falling due after more than one year

6

(11,371)

(16,382)

Net liabilities

 

(31,043)

(16,256)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(31,044)

(16,257)

Shareholders' deficit

 

(31,043)

(16,256)

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 August 2024
 

.........................................
Mr John Forrest
Director

 

Southern Cabins Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

These financial statements were authorised for issue by the director on 16 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Southern Cabins Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 July 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Southern Cabins Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 July 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 0).

 

Southern Cabins Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

205

205

Disposals

(205)

(205)

At 31 July 2024

-

-

Depreciation

At 1 July 2023

138

138

Charge for the period

13

13

Eliminated on disposal

(151)

(151)

At 31 July 2024

-

-

Carrying amount

At 31 July 2024

-

-

At 30 June 2023

67

67

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

710

Other debtors

3,167

14,346

 

3,167

15,056

6

Creditors

Creditors: amounts falling due within one year

 

Southern Cabins Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 July 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

14,290

13,526

Trade creditors

 

3,518

391

Accruals and deferred income

 

1,395

1,080

Other creditors

 

3,636

-

 

22,839

14,997

 

Southern Cabins Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 July 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

11,371

16,382

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

11,371

16,382

2024
£

2023
£

Current loans and borrowings

Bank borrowings

4,600

4,125

Bank overdrafts

9,690

9,401

14,290

13,526