IRIS Accounts Production v24.3.0.553 02156811 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021568112023-02-28021568112024-02-29021568112023-03-012024-02-29021568112022-02-28021568112022-03-012023-02-28021568112023-02-2802156811ns15:EnglandWales2023-03-012024-02-2902156811ns14:PoundSterling2023-03-012024-02-2902156811ns10:Director12023-03-012024-02-2902156811ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2902156811ns10:SmallEntities2023-03-012024-02-2902156811ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2902156811ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2902156811ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2902156811ns10:FullAccounts2023-03-012024-02-2902156811ns10:OrdinaryShareClass12023-03-012024-02-2902156811ns10:Director22023-03-012024-02-2902156811ns10:Director32023-03-012024-02-2902156811ns10:RegisteredOffice2023-03-012024-02-2902156811ns5:CurrentFinancialInstruments2024-02-2902156811ns5:CurrentFinancialInstruments2023-02-2802156811ns5:Non-currentFinancialInstruments2024-02-2902156811ns5:Non-currentFinancialInstruments2023-02-2802156811ns5:ShareCapital2024-02-2902156811ns5:ShareCapital2023-02-2802156811ns5:CapitalRedemptionReserve2024-02-2902156811ns5:CapitalRedemptionReserve2023-02-2802156811ns5:RetainedEarningsAccumulatedLosses2024-02-2902156811ns5:RetainedEarningsAccumulatedLosses2023-02-2802156811ns5:PlantMachinery2023-03-012024-02-2902156811ns5:FurnitureFittings2023-03-012024-02-2902156811ns5:MotorVehicles2023-03-012024-02-2902156811ns5:PlantMachinery2023-02-2802156811ns5:FurnitureFittings2023-02-2802156811ns5:MotorVehicles2023-02-2802156811ns5:PlantMachinery2024-02-2902156811ns5:FurnitureFittings2024-02-2902156811ns5:MotorVehicles2024-02-2902156811ns5:PlantMachinery2023-02-2802156811ns5:FurnitureFittings2023-02-2802156811ns5:MotorVehicles2023-02-2802156811ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2902156811ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2802156811ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-02-2902156811ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-02-2802156811ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-02-2902156811ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-02-2802156811ns5:HirePurchaseContracts2024-02-2902156811ns5:HirePurchaseContracts2023-02-2802156811ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 02156811 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED

SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED (REGISTERED NUMBER: 02156811)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr B S Russell
Mr I S Russell
Mr P Middleton





REGISTERED OFFICE: Unit 3
Detling Aerodrome
Detling
MAIDSTONE
Kent
ME14 3HU





REGISTERED NUMBER: 02156811 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED (REGISTERED NUMBER: 02156811)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,932 14,042

CURRENT ASSETS
Stocks 5 40,000 50,000
Debtors 6 49,276 73,072
Cash at bank and in hand 140 4,850
89,416 127,922
CREDITORS
Amounts falling due within one year 7 68,701 78,759
NET CURRENT ASSETS 20,715 49,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,647

63,205

CREDITORS
Amounts falling due after more than one
year

8

2,185

5,691
NET ASSETS 29,462 57,514

CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 26,462 54,514
SHAREHOLDERS' FUNDS 29,462 57,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED (REGISTERED NUMBER: 02156811)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





Mr P Middleton - Director


SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED (REGISTERED NUMBER: 02156811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Southern Counties Truck and Trailer Parts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED (REGISTERED NUMBER: 02156811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their useful lives. those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. the capital element of future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes to defined contribution pension schemes for the directors. Contributions payable to these schemes are charged to profit or loss in the period to which they relate. The company also contributes to pensions under the Auto Enrolment regulations.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 682 6,959 30,990 38,631
DEPRECIATION
At 1 March 2023 566 3,050 20,973 24,589
Charge for year 18 587 2,505 3,110
At 29 February 2024 584 3,637 23,478 27,699
NET BOOK VALUE
At 29 February 2024 98 3,322 7,512 10,932
At 28 February 2023 116 3,909 10,017 14,042

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 40,000 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 42,372 67,503
Amounts owed by group undertakings 6,602 5,187
Other debtors 302 382
49,276 73,072

SOUTHERN COUNTIES TRUCK AND TRAILER
PARTS LIMITED (REGISTERED NUMBER: 02156811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 3,109 -
Hire purchase contracts (see note 9) 3,506 3,506
Trade creditors 57,567 69,264
Social security and other taxes 1,178 3,942
Other creditors 1,491 -
Accrued expenses 1,850 2,047
68,701 78,759

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts (see note 9) 2,185 5,691

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

29.2.24 28.2.23
£    £   
Net obligations repayable:
Within one year 3,506 3,506
Between one and five years 2,185 5,691
5,691 9,197

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 5,691 9,197

Hire purchase contracts and leases are secured on the related assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2,000 Ordinary £1 2,000 2,000

12. ULTIMATE PARENT COMPANY

The company is wholly owned by B.S. Russell (Commercials) Limited (the ultimate parent company), a company registered in England and Wales. The registered office is Charlton House, Dour Street, Dover, Kent, CT16 1BL.