Company Registration No. 11627300 (England and Wales)
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Unaudited accounts
for the year ended 31 October 2023
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Unaudited accounts
Contents
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Company Information
for the year ended 31 October 2023
Company Number
11627300 (England and Wales)
Registered Office
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
Accountants
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Accountants' report
Accountants' report to the director of SOUTH COAST MANAGEMENT (SWANAGE) LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SOUTH COAST MANAGEMENT (SWANAGE) LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SOUTH COAST MANAGEMENT (SWANAGE) LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOUTH COAST MANAGEMENT (SWANAGE) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SOUTH COAST MANAGEMENT (SWANAGE) 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 loss of SOUTH COAST MANAGEMENT (SWANAGE) LIMITED. You consider that SOUTH COAST MANAGEMENT (SWANAGE) 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 SOUTH COAST MANAGEMENT (SWANAGE) 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 statutory accounts.
Thyme Accounting Services Limited
Flat 10 Leighton Lodge
15 Branksome Wood Road
Bournemouth
Dorset
BH2 6BX
31 October 2024
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
271,924
282,916
Cash at bank and in hand
2,384
7,774
Creditors: amounts falling due within one year
(33,300)
(38,726)
Net current assets
22,949
28,660
Total assets less current liabilities
294,873
315,076
Creditors: amounts falling due after more than one year
(296,274)
(298,481)
Net (liabilities)/assets
(1,401)
16,595
Called up share capital
1
1
Profit and loss account
(1,402)
16,594
Shareholders' funds
(1,401)
16,595
For the year ending 31 October 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Liam Searle
Director
Company Registration No. 11627300
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Notes to the Accounts
for the year ended 31 October 2023
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11627300. The registered office is Flat 10 Leighton Lodge, 15 Branksome Wood Road, Bournemouth, Dorset, BH2 6BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on a straight line basis
Plant & machinery
25% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
4
Intangible fixed assets
Goodwill
Goodwill is being amortised evenly over its estimated useful life of 5 years
SOUTH COAST MANAGEMENT (SWANAGE) LIMITED
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
301,950
427
5,600
307,977
At 31 October 2023
301,950
427
5,600
307,977
At 1 November 2022
21,000
292
3,769
25,061
Charge for the year
10,500
34
458
10,992
At 31 October 2023
31,500
326
4,227
36,053
At 31 October 2023
270,450
101
1,373
271,924
At 31 October 2022
280,950
135
1,831
282,916
Amounts falling due within one year
Accrued income and prepayments
-
5,550
Other debtors
31,900
30,900
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
7,169
4,775
Other creditors
20,882
25,957
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
160,185
186,477
Loans from directors
136,089
112,004
Allica Bank hold a charge over the company's freehold and leasehold properties.
9
Average number of employees
During the year the average number of employees was 6 (2022: 5).