Company registration number 00218628 (England and Wales)
A.E.SOUTHGATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
A.E.SOUTHGATE LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
A.E.SOUTHGATE LIMITED
BALANCE SHEET
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
27,657
53,569
Cash at bank and in hand
16,207
27,657
69,776
Creditors: amounts falling due within one year
4
(2,658)
(4,093)
Net current assets
24,999
65,683
Capital and reserves
Called up share capital
5
13,200
13,200
Profit and loss reserves
11,799
52,483
Total equity
24,999
65,683
For the financial year ended 30 June 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 22 January 2025 and are signed on its behalf by:
Mr R A Southgate
Director
Company registration number 00218628 (England and Wales)
A.E.SOUTHGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
A.E.Southgate Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Oak Lane, Barston, Solihull, B92 0JR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
4,547
52,191
Other debtors
23,110
1,378
27,657
53,569
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
33
334
Other creditors
2,625
3,759
2,658
4,093
A.E.SOUTHGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
13,200
13,200
13,200
13,200
6
Ultimate Controlling Party
The company is a wholly owned subsidiary of Southgate & Regent Holdings Limited, a company registered in England and Wales.