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Company Registration No. 10915880 (England and Wales)
Southern Motion Ltd Unaudited accounts for the year ended 31 December 2023
Southern Motion Ltd Unaudited accounts Contents
Page
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Southern Motion Ltd Company Information for the year ended 31 December 2023
Directors
Daryl Burt Martin White Amanda White Laura Holness
Company Number
10915880 (England and Wales)
Registered Office
Casino Garage (Shell Fuel Station) Canterbury Road Wingham Kent CT3 1NL
Accountants
Julie Thatcher Bookkeeping & Accountancy 88 Herne Bay Road Whitstable Kent CT5 2LX
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Southern Motion Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,674 
6,011 
Current assets
Inventories
369,474 
344,346 
Debtors
5,018 
700 
Cash at bank and in hand
378 
1,831 
374,870 
346,877 
Creditors: amounts falling due within one year
(336,782)
(217,784)
Net current assets
38,088 
129,093 
Total assets less current liabilities
93,762 
135,104 
Creditors: amounts falling due after more than one year
(146,776)
(188,346)
Net liabilities
(53,014)
(53,242)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(53,018)
(53,246)
Shareholders' funds
(53,014)
(53,242)
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 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Daryl Burt Director Company Registration No. 10915880
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Southern Motion Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Southern Motion Ltd is a private company, limited by shares, registered in England and Wales, registration number 10915880. The registered office is Casino Garage (Shell Fuel Station), Canterbury Road, Wingham, Kent, CT3 1NL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
20% reducing
Motor vehicles
25% Fixed
Fixtures & fittings
25% Fixed
Computer equipment
25% Fixed
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
8,125 
15,722 
914 
24,761 
Additions
42,500 
15,712 
- 
58,212 
At 31 December 2023
50,625 
31,434 
914 
82,973 
Depreciation
At 1 January 2023
3,965 
13,873 
912 
18,750 
Charge for the year
5,998 
2,549 
2 
8,549 
At 31 December 2023
9,963 
16,422 
914 
27,299 
Net book value
At 31 December 2023
40,662 
15,012 
- 
55,674 
At 31 December 2022
4,160 
1,849 
2 
6,011 
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Southern Motion Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,819 
- 
Other debtors
731 
700 
4,550 
700 
Amounts falling due after more than one year
Trade debtors
468 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
95,904 
60,453 
VAT
- 
3,449 
Obligations under finance leases and hire purchase contracts
214,874 
144,603 
Trade creditors
16,467 
6,226 
Taxes and social security
4,133 
2,079 
Loans from directors
4,804 
974 
Accruals
600 
- 
336,782 
217,784 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
146,776 
188,346 
8
Average number of employees
During the year the average number of employees was 4 (2022: 0).
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