Company Registration No. 06549885 (England and Wales)
Southcott Support Services Ltd
Unaudited accounts
for the year ended 31 March 2024
Southcott Support Services Ltd
Unaudited accounts
Contents
Southcott Support Services Ltd
Company Information
for the year ended 31 March 2024
Company Number
06549885 (England and Wales)
Registered Office
Burnbank
Old Barnstaple Road
Bideford
Devon
EX39 4ND
Accountants
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
Southcott Support Services Ltd
Accountants' report
Accountants' report to the director of Southcott Support Services Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Southcott Support Services Ltd for the year ended
31 March 2024 as set out on pages
5 -
8 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 Southcott Support Services Ltd, as a body, in accordance with the terms of our engagement letter dated 3 July 2018. Our work has been undertaken solely to prepare for your approval the accounts of Southcott Support Services 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 Southcott Support Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southcott Support Services 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 profit of Southcott Support Services Ltd. You consider that Southcott Support Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Southcott Support Services 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.
JD Accountants (South West) Ltd
Suite 2, Riverside Court
Castle Street
Barnstaple
Devon
EX31 1DR
31 August 2024
Southcott Support Services Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,139,050
1,141,682
Cash at bank and in hand
92,520
139,581
Creditors: amounts falling due within one year
(1,034,054)
(1,090,612)
Net current liabilities
(939,805)
(946,331)
Total assets less current liabilities
199,245
195,351
Creditors: amounts falling due after more than one year
-
(1,688)
Net assets
199,245
193,663
Called up share capital
2
2
Profit and loss account
199,243
193,661
Shareholders' funds
199,245
193,663
For the year ending 31 March 2024 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 her 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 31 August 2024 and were signed on its behalf by
Mrs S J Oke
Director
Company Registration No. 06549885
Southcott Support Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
Southcott Support Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06549885. The registered office is Burnbank, Old Barnstaple Road, Bideford, Devon, EX39 4ND.
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 remained unchanged from the previous year, and also 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.
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
15% on reducing balance
Plant & machinery
33% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Southcott Support Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
1,132,270
40,808
30,745
43,471
5,386
1,252,680
Additions
-
-
-
3,775
1,359
5,134
At 31 March 2024
1,132,270
40,808
30,745
47,246
6,745
1,257,814
At 1 April 2023
14,590
40,249
24,163
26,791
5,205
110,998
Charge for the year
2,278
184
1,645
3,151
508
7,766
At 31 March 2024
16,868
40,433
25,808
29,942
5,713
118,764
At 31 March 2024
1,115,402
375
4,937
17,304
1,032
1,139,050
At 31 March 2023
1,117,680
559
6,582
16,680
181
1,141,682
Amounts falling due within one year
Accrued income and prepayments
1,729
4,700
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
689,996
694,508
Obligations under finance leases and hire purchase contracts
2,035
3,750
Taxes and social security
4,737
21,220
Loans from directors
336,102
371,134
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,688
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Transactions with related parties
During the year the company paid rental totalling £78,500 (2022 - £78,500) for property used by the company which is jointly owned by the director.
Southcott Support Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
11
Average number of employees
During the year the average number of employees was 16 (2023: 16).