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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
Page
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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
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Southern Engineering & Marine Co Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,766 
74,454 
Current assets
Inventories
515,109 
305,109 
Debtors
388,233 
237,916 
Cash at bank and in hand
8,664 
(117,885)
912,006 
425,140 
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)
Net assets
80,630 
57,547 
Capital and reserves
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
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Southern Engineering & Marine Co Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
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:
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 
Depreciation
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 
Net book value
At 30 September 2024
113,023 
36,757 
197 
1,789 
151,766 
At 30 September 2023
73,052 
- 
263 
1,139 
74,454 
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Southern Engineering & Marine Co Ltd Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
7,723 
Trade debtors
338,339 
213,526 
Accrued income and prepayments
8,334 
16,667 
Other debtors
41,560 
- 
388,233 
237,916 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,382 
- 
VAT
114,692 
- 
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)
Accruals
9,647 
9,647 
874,236 
338,613 
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).
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