Acorah Software Products - Accounts Production 15.0.650 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09138999 Mr Scott Pinnick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09138999 2023-01-31 09138999 2024-01-31 09138999 2023-02-01 2024-01-31 09138999 frs-core:CurrentFinancialInstruments 2024-01-31 09138999 frs-core:Non-currentFinancialInstruments 2024-01-31 09138999 frs-core:LandBuildings 2024-01-31 09138999 frs-core:LandBuildings 2023-02-01 2024-01-31 09138999 frs-core:LandBuildings 2023-01-31 09138999 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09138999 frs-core:ShareCapital 2024-01-31 09138999 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09138999 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09138999 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09138999 frs-bus:SmallEntities 2023-02-01 2024-01-31 09138999 frs-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09138999 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09138999 frs-bus:Director1 2023-02-01 2024-01-31 09138999 frs-countries:EnglandWales 2023-02-01 2024-01-31 09138999 2022-01-31 09138999 2023-01-31 09138999 2022-02-01 2023-01-31 09138999 frs-core:CurrentFinancialInstruments 2023-01-31 09138999 frs-core:Non-currentFinancialInstruments 2023-01-31 09138999 frs-core:ShareCapital 2023-01-31 09138999 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09138999
Southern Building Management Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Hargreaves & Co
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Southern Building Management Limited For The Year Ended 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Southern Building Management Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Southern Building Management Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Southern Building Management Limited and state those matters that we have agreed to state to the director of Southern Building Management Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southern Building Management Limited and its director as a body for our work or for this report.
It is your duty to ensure that Southern Building Management Limited 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 or loss of Southern Building Management Limited . You consider that Southern Building Management Limited 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 Southern Building Management Limited . 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 financial statements.
Signed
Hargreaves & Co
23 October 2024
Hargreaves & Co
Chartered Certified Accountants
The Charmwood Centre
Bartley
Southampton
Hants
SO40 2NA
Page 1
Page 2
Balance Sheet
Registered number: 09138999
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 100,000 -
100,000 -
CURRENT ASSETS
Stocks 5 404,128 357,798
Debtors 6 19,257 19,332
Cash at bank and in hand 19,227 138,807
442,612 515,937
Creditors: Amounts Falling Due Within One Year 7 (418,164 ) (368,735 )
NET CURRENT ASSETS (LIABILITIES) 24,448 147,202
TOTAL ASSETS LESS CURRENT LIABILITIES 124,448 147,202
Creditors: Amounts Falling Due After More Than One Year 8 (115,043 ) (125,022 )
NET ASSETS 9,405 22,180
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 9,404 22,179
SHAREHOLDERS' FUNDS 9,405 22,180
Page 2
Page 3
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Scott Pinnick
Director
22 August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Southern Building Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09138999 . The registered office is The Charmwood Centre Southampton Road, Bartley, Southampton, SO40 2NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Land & Buildings
£
Cost
As at 1 February 2023 -
Additions 100,000
As at 31 January 2024 100,000
Net Book Value
As at 31 January 2024 100,000
As at 1 February 2023 -
Page 4
Page 5
5. Stocks
2024 2023
£ £
Work in progress 404,128 357,798
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,257 19,257
Other debtors - 75
19,257 19,332
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,004 9,999
Other creditors 294,055 294,055
Accrued expenses 3,340 3,303
Director's loan account 110,765 61,378
418,164 368,735
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - 1-2 years 114,994 125,004
Accruals and deferred income 49 18
115,043 125,022
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5