Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03114106 Mr Simon Troy Mr Robert Bevis Mr Martin Stables Mr Jonathan Cleverdon Mr Richard Moffatt Mr Jonathan Cleverdon Southern Locomotives Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03114106 2023-01-31 03114106 2024-01-31 03114106 2023-02-01 2024-01-31 03114106 frs-core:CurrentFinancialInstruments 2024-01-31 03114106 frs-core:Non-currentFinancialInstruments 2024-01-31 03114106 frs-core:ComputerEquipment 2024-01-31 03114106 frs-core:ComputerEquipment 2023-02-01 2024-01-31 03114106 frs-core:ComputerEquipment 2023-01-31 03114106 frs-core:MotorVehicles 2024-01-31 03114106 frs-core:MotorVehicles 2023-02-01 2024-01-31 03114106 frs-core:MotorVehicles 2023-01-31 03114106 frs-core:PlantMachinery 2024-01-31 03114106 frs-core:PlantMachinery 2023-02-01 2024-01-31 03114106 frs-core:PlantMachinery 2023-01-31 03114106 frs-core:ShareCapital 2024-01-31 03114106 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03114106 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03114106 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03114106 frs-bus:SmallEntities 2023-02-01 2024-01-31 03114106 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03114106 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03114106 1 2023-02-01 2024-01-31 03114106 frs-bus:Director1 2023-02-01 2024-01-31 03114106 frs-bus:Director2 2023-02-01 2024-01-31 03114106 frs-bus:Director3 2023-02-01 2024-01-31 03114106 frs-bus:Director4 2023-02-01 2024-01-31 03114106 frs-bus:Director5 2023-02-01 2024-01-31 03114106 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03114106 frs-countries:EnglandWales 2023-02-01 2024-01-31 03114106 2022-01-31 03114106 2023-01-31 03114106 2022-02-01 2023-01-31 03114106 frs-core:CurrentFinancialInstruments 2023-01-31 03114106 frs-core:Non-currentFinancialInstruments 2023-01-31 03114106 frs-core:ShareCapital 2023-01-31 03114106 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 03114106
Southern Locomotives Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03114106
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,412 13,318
14,412 13,318
CURRENT ASSETS
Debtors 5 67,162 76,886
Cash at bank and in hand 1,909 15
69,071 76,901
Creditors: Amounts Falling Due Within One Year 6 (53,034 ) (49,803 )
NET CURRENT ASSETS (LIABILITIES) 16,037 27,098
TOTAL ASSETS LESS CURRENT LIABILITIES 30,449 40,416
Creditors: Amounts Falling Due After More Than One Year 7 (15,000 ) (25,000 )
NET ASSETS 15,449 15,416
CAPITAL AND RESERVES
Called up share capital 8 72,500 72,500
Profit and Loss Account (57,051 ) (57,084 )
SHAREHOLDERS' FUNDS 15,449 15,416
Page 1
Page 2
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 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.
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 Jonathan Cleverdon
Director
24 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Southern Locomotives Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03114106 . The registered office is 7 The Broadway, Broadstairs, Kent, CT10 2AD.
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 represents invoiced sales of goods and services, net of VAT.
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:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
Computer Equipment 25% on cost
2.4. 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 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 is provided on the liability method to take into account of timing differences between the treatment of
certain items for accounts purposes and their treatment for tax purposes.
Current or deferred taxation assets and liabilities are not discounted.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 48,228 15,995 2,070 66,293
Additions 3,885 3,000 - 6,885
Disposals - (15,995 ) - (15,995 )
As at 31 January 2024 52,113 3,000 2,070 57,183
Depreciation
As at 1 February 2023 35,023 15,995 1,957 52,975
Provided during the period 5,581 125 85 5,791
Disposals - (15,995 ) - (15,995 )
As at 31 January 2024 40,604 125 2,042 42,771
...CONTINUED
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Net Book Value
As at 31 January 2024 11,509 2,875 28 14,412
As at 1 February 2023 13,205 - 113 13,318
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 8,939 5,203
VAT 20,885 10,264
Amounts owed by group undertakings 37,338 61,419
67,162 76,886
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,175 26,294
Bank loans and overdrafts 10,000 18,972
Other taxes and social security 1,959 2,675
Other creditors 396 455
Accruals and deferred income 502 405
Amounts owed to group undertakings 1,002 1,002
53,034 49,803
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,000 25,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 72,500 72,500
9. Ultimate Controlling Party
The company's ultimate controlling party is Southern Locomotives Limited by virtue of their ownership of 100% of the issued share capital in the company.
Page 4