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
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
Southern Motion Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
55,674
6,011
Inventories
369,474
344,346
Cash at bank and in hand
378
1,831
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)
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
Southern Motion Ltd
Notes to the Accounts
for the year ended 31 December 2023
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.
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
20% reducing
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
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
At 31 December 2023
40,662
15,012
-
55,674
At 31 December 2022
4,160
1,849
2
6,011
Southern Motion Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
95,904
60,453
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
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).