10 March 2023 false No description of principal activity Taxfiler 2024.6 14721854business:PrivateLimitedCompanyLtd2023-03-102024-03-31 147218542023-03-09 147218542023-03-102024-03-31 14721854business:AuditExempt-NoAccountantsReport2023-03-102024-03-31 14721854business:FilletedAccounts2023-03-102024-03-31 147218542024-03-31 14721854business:Director12023-03-102024-03-31 14721854business:RegisteredOffice2023-03-102024-03-31 14721854core:WithinOneYear2024-03-31 14721854core:AfterOneYear2024-03-31 14721854core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14721854core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14721854core:PreviouslyStatedAmount2024-03-31 14721854business:SmallEntities2023-03-102024-03-31 14721854countries:EnglandWales2023-03-102024-03-31 14721854core:MotorVehicles2023-03-102024-03-31 14721854core:ComputerEquipment2023-03-102024-03-31 14721854core:MotorVehicles2023-03-09 14721854core:ComputerEquipment2023-03-09 14721854core:MotorVehicles2024-03-31 14721854core:ComputerEquipment2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14721854 (England and Wales)
SOMERSET ENGINEERING LTD Unaudited accounts for the period from 10 March 2023 to 31 March 2024
SOMERSET ENGINEERING LTD Unaudited accounts Contents
Page
- 2 -
SOMERSET ENGINEERING LTD Company Information for the period from 10 March 2023 to 31 March 2024
Director
Mr D Collins
Company Number
14721854 (England and Wales)
Registered Office
Lloyds Bank Chambers 30 High Street Crediton Devon EX17 3AH England
Accountants
H W Martin & Co LLP Lloyds Bank Chambers High Street Crediton Devon EX17 3AH
- 3 -
SOMERSET ENGINEERING LTD Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
8,849 
Current assets
Debtors
12,186 
Cash at bank and in hand
6,205 
18,391 
Creditors: amounts falling due within one year
(17,279)
Net current assets
1,112 
Total assets less current liabilities
9,961 
Creditors: amounts falling due after more than one year
(6,243)
Net assets
3,718 
Capital and reserves
Called up share capital
3 
Profit and loss account
3,715 
Shareholders' funds
3,718 
For the period ending 31 March 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 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 15 November 2024 and were signed on its behalf by
Mr D Collins Director Company Registration No. 14721854
- 4 -
SOMERSET ENGINEERING LTD Notes to the Accounts for the period from 10 March 2023 to 31 March 2024
1
Statutory information
SOMERSET ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 14721854. The registered office is Lloyds Bank Chambers, 30 High Street, Crediton, Devon, EX17 3AH, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
20% reducing balance basis
Computer equipment
20% reducing balance basis
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 10 March 2023
- 
- 
- 
Additions
10,745 
316 
11,061 
At 31 March 2024
10,745 
316 
11,061 
Depreciation
Charge for the period
2,149 
63 
2,212 
At 31 March 2024
2,149 
63 
2,212 
Net book value
At 31 March 2024
8,596 
253 
8,849 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
12,186 
- 5 -
SOMERSET ENGINEERING LTD Notes to the Accounts for the period from 10 March 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
4,963 
Obligations under finance leases and hire purchase contracts
2,583 
Taxes and social security
5,163 
Loans from directors
4,570 
17,279 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
6,243 
8
Average number of employees
During the period the average number of employees was 1.
- 6 -