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REGISTERED NUMBER: 03730605 (England and Wales)












SOUTHERN MOTORHOME CENTRE LTD

Unaudited Financial Statements for the Year Ended 31 August 2024






SOUTHERN MOTORHOME CENTRE LTD (REGISTERED NUMBER: 03730605)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOUTHERN MOTORHOME CENTRE LTD

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M A Graves





SECRETARY: M A Graves





REGISTERED OFFICE: 13 Vansittart Estate
Windsor
Berkshire
SL4 1SE





REGISTERED NUMBER: 03730605 (England and Wales)





ACCOUNTANTS: Cottrill Mason Ltd
13 Vansittart Estate
Windsor
Berkshire
SL4 1SE

SOUTHERN MOTORHOME CENTRE LTD (REGISTERED NUMBER: 03730605)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,280 10,148
Investments 5 - 100
7,280 10,248

CURRENT ASSETS
Stocks 792,999 989,716
Debtors 6 44,888 52,680
Cash at bank and in hand 260,955 165,913
1,098,842 1,208,309
CREDITORS
Amounts falling due within one year 7 190,006 336,878
NET CURRENT ASSETS 908,836 871,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,116

881,679

CAPITAL AND RESERVES
Called up share capital 15,001 15,001
Other reserves 15,000 15,000
Retained earnings 886,115 851,678
916,116 881,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 December 2024 and were signed by:





M A Graves - Director


SOUTHERN MOTORHOME CENTRE LTD (REGISTERED NUMBER: 03730605)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Southern Motorhome Centre Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

SOUTHERN MOTORHOME CENTRE LTD (REGISTERED NUMBER: 03730605)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 4,528 18,100 21,020 43,648
Additions - - 334 334
Disposals - (10,000 ) (1,317 ) (11,317 )
At 31 August 2024 4,528 8,100 20,037 32,665
DEPRECIATION
At 1 September 2023 4,119 13,565 15,816 33,500
Charge for year 82 1,109 1,310 2,501
Eliminated on disposal - (9,564 ) (1,052 ) (10,616 )
At 31 August 2024 4,201 5,110 16,074 25,385
NET BOOK VALUE
At 31 August 2024 327 2,990 3,963 7,280
At 31 August 2023 409 4,535 5,204 10,148

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 100
PROVISIONS

Impairments 100
At 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 100

The fixed asset investment comprises of 100% of the issued share capital of SMC Conversions Limited [12797463].

SMC Conversions Limited was subsequently Dissolved on 26 March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 628 9,000
Other debtors 44,260 43,680
44,888 52,680

SOUTHERN MOTORHOME CENTRE LTD (REGISTERED NUMBER: 03730605)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 92,643 261,762
Taxation and social security 52,438 41,248
Other creditors 44,925 33,868
190,006 336,878

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed to the directors £20,279 [2023: owed £21,326]. This amount is included within note 8, 'Other creditors'

The company owns 100% of the shares in SMC Conversions Limited. During the year the company acquired goods and services amounting to £NIL [2023: £1,500] from its subsidiary and no amounts were outstanding at the year end.

During the year the company received Dividends amounting to £2,084 [2023: £NIL] from its wholly owned subsidiary, SMC Conversions Limited.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Graves.

The company was under the control of the director M A Graves by virtue of his majority shareholding.