Company Registration No. 09699205 (England and Wales)
Southwell Solutions Ltd
Unaudited accounts
for the year ended 31 July 2024
Southwell Solutions Ltd
Unaudited accounts
Contents
Southwell Solutions Ltd
Company Information
for the year ended 31 July 2024
Directors
Michael John James
Wendy Gayle Carter
Company Number
09699205 (England and Wales)
Registered Office
DUKE HOUSE BUSINESS HUB DUKE STREET
DUKE STREET
SKIPTON
NORTH YORKSHIRE
BD23 2HQ
ENGLAND
Accountants
Goodbooks (Skipton) Ltd
Duke House
Duke Street
Skipton
North Yorkshire
BD23 2HQ
Southwell Solutions Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
1,141
1,979
Cash at bank and in hand
30,608
41,390
Creditors: amounts falling due within one year
(25,188)
(29,307)
Net current assets
25,003
23,357
Total assets less current liabilities
26,144
25,336
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
25,925
24,958
Shareholders' funds
25,927
24,960
For the year ending 31 July 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 27 January 2025 and were signed on its behalf by
Wendy Gayle Carter
Director
Company Registration No. 09699205
Southwell Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2024
Southwell Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09699205. The registered office is DUKE HOUSE BUSINESS HUB DUKE STREET, DUKE STREET, SKIPTON, NORTH YORKSHIRE, BD23 2HQ, 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.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Written Down Value and 33.33% Straight Line
Fixtures & fittings
20% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Southwell Solutions Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
7,294
396
7,690
At 31 July 2024
7,294
396
7,690
At 1 August 2023
5,487
224
5,711
Charge for the year
759
79
838
At 31 July 2024
6,246
303
6,549
At 31 July 2024
1,048
93
1,141
At 31 July 2023
1,807
172
1,979
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
24,560
16,744
Loans from directors
628
-
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).