Company Registration No. 02842182 (England and Wales)
Southern Pneumatics Limited
Unaudited accounts
for the year ended 31 January 2024
Southern Pneumatics Limited
Unaudited accounts
Contents
Southern Pneumatics Limited
Company Information
for the year ended 31 January 2024
Directors
Peter Gaskin
Julie Gaskin
Company Number
02842182 (England and Wales)
Registered Office
3a Rydings
Windsor
Berkshire
SL4 4HF
Accountants
Daniel Grant
69a Wickham Avenue
Bexhill-on-Sea
East Sussex
TN39 3ES
Southern Pneumatics Limited
Statement of financial position
as at 31 January 2024
Tangible assets
41,540
37,027
Cash at bank and in hand
2,879
11,832
Creditors: amounts falling due within one year
(196,170)
(118,155)
Net current assets
597,899
626,939
Total assets less current liabilities
682,493
686,740
Creditors: amounts falling due after more than one year
(33,942)
(40,807)
Net assets
648,551
645,933
Called up share capital
100
100
Profit and loss account
648,451
645,833
Shareholders' funds
648,551
645,933
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 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 of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by
Peter Gaskin
Director
Company Registration No. 02842182
Southern Pneumatics Limited
Notes to the Accounts
for the year ended 31 January 2024
Southern Pneumatics Limited is a private company, limited by shares, registered in England and Wales, registration number 02842182. The registered office is 3a Rydings, Windsor, Berkshire, SL4 4HF.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Plant & machinery
33.3% S.L
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
42,790
163,817
19,415
28,083
254,105
Additions
22,583
-
-
-
22,583
At 31 January 2024
65,373
163,817
19,415
28,083
276,688
At 1 February 2023
19,094
150,486
19,415
28,083
217,078
Charge for the year
4,739
13,331
-
-
18,070
At 31 January 2024
23,833
163,817
19,415
28,083
235,148
At 31 January 2024
41,540
-
-
-
41,540
At 31 January 2023
23,696
13,331
-
-
37,027
Southern Pneumatics Limited
Notes to the Accounts
for the year ended 31 January 2024
5
Investments
Other investments
Valuation at 1 February 2023
22,774
Fair value adjustments
20,280
Valuation at 31 January 2024
43,054
Amounts falling due within one year
Trade debtors
124,490
73,828
Amounts due from group undertakings etc.
586,965
579,699
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
39,585
39,798
Trade creditors
109,240
30,238
Taxes and social security
3,806
11,686
Loans from directors
-
5,067
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
33,942
40,807
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Southern Pneumatics Limited have made financial loans to P.J. Restaurants Ltd (of which Peter Gaskin and Julie Gaskin are directors) for an overall amount of £507985 (2020) £242,000 has been written off in the years (2015 - 2019).
The large amount of funding at present is unlikely to be repaid but if and when that changes the repayment will be made and bad debt reversed
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).