Registration number:
Southern Industries Limited
for the
Period from 13 February 2023 to 31 December 2023
Southern Industries Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Southern Industries Limited
Company Information
Directors |
T D Siebert-Oven Mrs G F Siebert |
Registered office |
|
Accountants |
|
Southern Industries Limited
(Registration number: 14658785)
Balance Sheet as at 31 December 2023
Note |
2023 |
|
Fixed assets |
||
Investments |
|
|
Current assets |
||
Cash at bank and in hand |
|
|
Creditors: Amounts falling due within one year |
( |
|
Net current liabilities |
( |
|
Net liabilities |
( |
|
Capital and reserves |
||
Called up share capital |
|
|
Retained earnings |
( |
|
Shareholders' deficit |
( |
For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Southern Industries Limited
(Registration number: 14658785)
Balance Sheet as at 31 December 2023
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
Southern Industries Limited
Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is Pound Sterling (£).
Going concern
The financial statements have been prepared on a going concern basis.
At the period end the company had net liabilities of £20,356. The directors have considered the position of the company and feel it appropriate to prepare the accounts on a going concern basis.
Southern Industries Limited
Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 December 2023
2 |
Accounting policies (continued) |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Southern Industries Limited
Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 December 2023
Investments |
2023 |
|
Investments in subsidiaries |
|
Subsidiaries |
£ |
Cost or valuation |
|
Additions |
|
Provision |
|
Carrying amount |
|
At 31 December 2023 |
|
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
|
Due within one year |
||
Loans and borrowings |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
|
Southern Industries Limited
Notes to the Unaudited Financial Statements for the Period from 13 February 2023 to 31 December 2023
Loans and borrowings |
Current loans and borrowings
2023 |
|
Bank borrowings |
|