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 02479435 Mr R A Carlo Mr N H Thompson Mr S W Rayner Mr R J Bevis Mr M Stables Mr D J Town Mr J J Cleverdon Mr S Troy Mr R F Moffatt Mr P J Spowage Mr J J Cleverdon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02479435 2023-01-31 02479435 2024-01-31 02479435 2023-02-01 2024-01-31 02479435 frs-core:CurrentFinancialInstruments 2024-01-31 02479435 frs-core:Non-currentFinancialInstruments 2024-01-31 02479435 frs-core:MotorVehicles 2024-01-31 02479435 frs-core:MotorVehicles 2023-02-01 2024-01-31 02479435 frs-core:MotorVehicles 2023-01-31 02479435 frs-core:PlantMachinery 2024-01-31 02479435 frs-core:PlantMachinery 2023-02-01 2024-01-31 02479435 frs-core:PlantMachinery 2023-01-31 02479435 frs-core:ShareCapital 2024-01-31 02479435 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 02479435 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 02479435 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 02479435 frs-bus:SmallEntities 2023-02-01 2024-01-31 02479435 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 02479435 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 02479435 frs-core:UnlistedNon-exchangeTraded 2024-01-31 02479435 frs-core:UnlistedNon-exchangeTraded 2023-01-31 02479435 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 02479435 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 02479435 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 02479435 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 02479435 frs-bus:Director1 2023-02-01 2024-01-31 02479435 frs-bus:Director2 2023-02-01 2024-01-31 02479435 frs-bus:Director3 2023-02-01 2024-01-31 02479435 frs-bus:Director4 2023-02-01 2024-01-31 02479435 frs-bus:Director5 2023-02-01 2024-01-31 02479435 frs-bus:Director6 2023-02-01 2024-01-31 02479435 frs-bus:Director7 2023-02-01 2024-01-31 02479435 frs-bus:Director8 2023-02-01 2024-01-31 02479435 frs-bus:Director9 2023-02-01 2024-01-31 02479435 frs-bus:Director10 2023-02-01 2024-01-31 02479435 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 02479435 frs-countries:EnglandWales 2023-02-01 2024-01-31 02479435 2022-01-31 02479435 2023-01-31 02479435 2022-02-01 2023-01-31 02479435 frs-core:CurrentFinancialInstruments 2023-01-31 02479435 frs-core:Non-currentFinancialInstruments 2023-01-31 02479435 frs-core:ShareCapital 2023-01-31 02479435 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 02479435
Southern Locomotives Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02479435
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,381,621 4,288,635
Investments 5 1,100 1,100
4,382,721 4,289,735
CURRENT ASSETS
Debtors 6 9,974 35,343
Cash at bank and in hand 57,370 13,811
67,344 49,154
Creditors: Amounts Falling Due Within One Year 7 (236,102 ) (283,054 )
NET CURRENT ASSETS (LIABILITIES) (168,758 ) (233,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,213,963 4,055,835
Creditors: Amounts Falling Due After More Than One Year 8 (176,656 ) (103,566 )
NET ASSETS 4,037,307 3,952,269
CAPITAL AND RESERVES
Called up share capital 9 3,313,500 3,166,500
Profit and Loss Account 723,807 785,769
SHAREHOLDERS' FUNDS 4,037,307 3,952,269
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 J J Cleverdon
Director
24 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Southern Locomotives Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02479435 . 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
Income is recognised in the profit and loss account on a straight line basis over the hire period.
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:
Locomotives when first restored - 5% of written down value
Subsequent overhaul costs - 10 years or length of boiler insurance ticket
Plant & Machinery - 25% of written down value
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 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. Investments in subsidiaires
Investments in subsidiaries are included at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 4,498 5,491,442 5,495,940
Additions - 323,907 323,907
As at 31 January 2024 4,498 5,815,349 5,819,847
Depreciation
As at 1 February 2023 4,498 1,202,807 1,207,305
Provided during the period - 230,921 230,921
As at 31 January 2024 4,498 1,433,728 1,438,226
Net Book Value
As at 31 January 2024 - 4,381,621 4,381,621
As at 1 February 2023 - 4,288,635 4,288,635
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 February 2023 1,100
As at 31 January 2024 1,100
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 1,100
As at 1 February 2023 1,100
Fixed asset investments include 100% of the share capital of Southern Locomotives Engineering Limited and Southern Locomotives Hire Limited.
6. Debtors
2024 2023
£ £
Due within one year
VAT 44 49
Amounts owed by group undertakings 9,930 35,294
9,974 35,343
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 64 55
Bank loans and overdrafts - 3,236
Other loans 145,000 165,000
Other creditors 28,454 30,098
Accruals and deferred income 4,250 2,250
Directors' loan accounts 20,996 20,996
Amounts owed to group undertakings 37,338 61,419
236,102 283,054
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 167,192 68,306
Directors loan account 9,464 35,260
176,656 103,566
Of the creditors falling due after more than one year, other loans of £66,692 are due after more than five years.
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,313,500 3,166,500
Page 5