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REGISTERED NUMBER: 02592862 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Southdown Materials Testing Limited

Southdown Materials Testing Limited (Registered number: 02592862)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Southdown Materials Testing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S R Southall





SECRETARY: Ms K A Stait





REGISTERED OFFICE: Unit 5
Tansey Green Industrial Estate
Tansey Green Road, Pensnett
Brierley Hill
West Midlands
DY5 4TL





REGISTERED NUMBER: 02592862 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Southdown Materials Testing Limited (Registered number: 02592862)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 447,863 489,358

CURRENT ASSETS
Debtors 5 151,635 301,512
Cash at bank 341,318 258,719
492,953 560,231
CREDITORS
Amounts falling due within one year 6 210,893 196,586
NET CURRENT ASSETS 282,060 363,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,923

853,003

PROVISIONS FOR LIABILITIES 35,000 30,854
NET ASSETS 694,923 822,149

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 694,823 822,049
SHAREHOLDERS' FUNDS 694,923 822,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





S R Southall - Director


Southdown Materials Testing Limited (Registered number: 02592862)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Southdown Materials Testing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Southdown Materials Testing Limited (Registered number: 02592862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 254,482 343,409 503,738
Additions - - 9,003
At 31 March 2024 254,482 343,409 512,741
DEPRECIATION
At 1 April 2023 - 271,140 385,185
Charge for year - 27,426 18,650
At 31 March 2024 - 298,566 403,835
NET BOOK VALUE
At 31 March 2024 254,482 44,843 108,906
At 31 March 2023 254,482 72,269 118,553

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 62,608 114,170 15,578 1,293,985
Additions 2,495 1,792 2,675 15,965
At 31 March 2024 65,103 115,962 18,253 1,309,950
DEPRECIATION
At 1 April 2023 49,158 83,566 15,578 804,627
Charge for year 2,392 8,100 892 57,460
At 31 March 2024 51,550 91,666 16,470 862,087
NET BOOK VALUE
At 31 March 2024 13,553 24,296 1,783 447,863
At 31 March 2023 13,450 30,604 - 489,358

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,570 123,246
Directors' current accounts - 159,531
Prepayments and accrued income 14,065 18,735
151,635 301,512

Southdown Materials Testing Limited (Registered number: 02592862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,334 24,713
Corporation Tax 21,050 14,050
Social security creditor 3,197 2,718
Value added tax 26,811 28,403
Other creditors 132,285 121,486
Sundry creditors & accrued charges 5,216 5,216
210,893 196,586

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
S R Southall
Balance outstanding at start of year 159,530 -
Amounts advanced 37,636 159,530
Amounts repaid (197,166 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 159,530