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REGISTERED NUMBER: 12255587 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Southdown Welding Inspection Limited

Southdown Welding Inspection Limited (Registered number: 12255587)






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 Welding Inspection 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: 12255587 (England and Wales)





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

Southdown Welding Inspection Limited (Registered number: 12255587)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,391 7,053

CURRENT ASSETS
Debtors 5 221,558 174,349
Cash at bank 149,350 141,022
370,908 315,371
CREDITORS
Amounts falling due within one year 6 42,848 78,951
NET CURRENT ASSETS 328,060 236,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,451

243,473

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 342,251 243,273
SHAREHOLDERS' FUNDS 342,451 243,473

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 Welding Inspection Limited (Registered number: 12255587)

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

1. STATUTORY INFORMATION

Southdown Welding Inspection 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 3 (2023 - 1 ) .

Southdown Welding Inspection Limited (Registered number: 12255587)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 8,298 - 8,298
Additions 7,244 2,635 9,879
At 31 March 2024 15,542 2,635 18,177
DEPRECIATION
At 1 April 2023 1,245 - 1,245
Charge for year 2,146 395 2,541
At 31 March 2024 3,391 395 3,786
NET BOOK VALUE
At 31 March 2024 12,151 2,240 14,391
At 31 March 2023 7,053 - 7,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,817 52,929
Other debtors 130,993 121,420
Directors' current accounts 50,023 -
Prepayments and accrued income 3,725 -
221,558 174,349

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 484 1,009
Tax 32,200 48,260
Social security and other taxes 991 13,682
VAT 7,588 -
Other creditors 585 15,000
Accrued expenses 1,000 1,000
42,848 78,951

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 - -
Amounts advanced 55,023 -
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,023 -