Company Registration No. 08707176 (England and Wales)
Southern Engineering & Marine Co Ltd
Unaudited accounts
for the year ended 30 September 2024
Southern Engineering & Marine Co Ltd
Unaudited accounts
Contents
Southern Engineering & Marine Co Ltd
Company Information
for the year ended 30 September 2024
Director
Mark James Noonan
Company Number
08707176 (England and Wales)
Registered Office
22 WELLERS CLOSE
TOTTON
SOUTHAMPTON
SO40 8FG
ENGLAND
Accountants
Accountancy Solutions (Winchester) Limited
Trafalgar House
223 Southampton Road
Portchester
Hampshire
PO6 4PY
Southern Engineering & Marine Co Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
151,766
74,454
Inventories
515,109
305,109
Cash at bank and in hand
8,664
(117,885)
Creditors: amounts falling due within one year
(874,236)
(338,613)
Net current assets
37,770
86,527
Total assets less current liabilities
189,536
160,981
Creditors: amounts falling due after more than one year
(108,906)
(103,434)
Called up share capital
1
1
Profit and loss account
80,629
57,546
Shareholders' funds
80,630
57,547
For the year ending 30 September 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 26 February 2025 and were signed on its behalf by
Mark James Noonan
Director
Company Registration No. 08707176
Southern Engineering & Marine Co Ltd
Notes to the Accounts
for the year ended 30 September 2024
Southern Engineering & Marine Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 08707176. The registered office is 22 WELLERS CLOSE, TOTTON, SOUTHAMPTON, SO40 8FG, 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.
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% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
107,840
-
10,558
1,627
120,025
Additions
78,215
36,757
-
1,283
116,255
At 30 September 2024
186,055
36,757
10,558
2,910
236,280
At 1 October 2023
34,788
-
10,295
488
45,571
Charge for the year
38,244
-
66
633
38,943
At 30 September 2024
73,032
-
10,361
1,121
84,514
At 30 September 2024
113,023
36,757
197
1,789
151,766
At 30 September 2023
73,052
-
263
1,139
74,454
Southern Engineering & Marine Co Ltd
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
338,339
213,526
Accrued income and prepayments
8,334
16,667
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,382
-
Trade creditors
366,854
227,928
Taxes and social security
183,895
109,279
Other creditors
178,766
7,227
Loans from directors
-
(15,468)
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
108,906
103,434
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).