Company Registration No. 14408195 (England and Wales)
Southst Ltd
Unaudited accounts
for the period from 10 October 2022 to 31 October 2023
Southst Ltd
Unaudited accounts
Contents
Southst Ltd
Company Information
for the period from 10 October 2022 to 31 October 2023
Company Number
14408195 (England and Wales)
Registered Office
38 Foxbury road
ST. Leonards
Ringwood
BH24 2SG
England
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
Southst Ltd
Accountants' report
Accountants' report to the director of Southst Ltd on the preparation of the unaudited statutory accounts for the period from 10 October 2022 to 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Southst Ltd for the period from
10 October 2022 to
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Southst Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Southst Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southst Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southst Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Southst Ltd . You consider that Southst Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Southst Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
23 August 2024
Southst Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
10,497
Creditors: amounts falling due within one year
(441,851)
Net current liabilities
(318,551)
Profit and loss account
(186,826)
Shareholders' funds
(186,825)
For the period ending 31 October 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 director acknowledges his 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 and authorised for issue on 23 August 2024 and were signed on its behalf by
Harley Rae Booth
Director
Company Registration No. 14408195
Southst Ltd
Notes to the Accounts
for the period from 10 October 2022 to 31 October 2023
Southst Ltd is a private company, limited by shares, registered in England and Wales, registration number 14408195. The registered office is 38 Foxbury road , ST. Leonards, Ringwood, BH24 2SG, England .
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers during the year. The goods and services are derived from the principal activities of the company.
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
10 years useful life
Plant & machinery
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 10 October 2022
-
300
6,337
6,637
Additions
135,797
-
-
135,797
At 31 October 2023
135,797
300
6,337
142,434
At 10 October 2022
-
50
1,069
1,119
Charge for the period
9,589
-
-
9,589
At 31 October 2023
9,589
50
1,069
10,708
At 31 October 2023
126,208
250
5,268
131,726
Southst Ltd
Notes to the Accounts
for the period from 10 October 2022 to 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
385,296
Taxes and social security
3,124
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
7
Average number of employees
During the period the average number of employees was 6.