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REGISTERED NUMBER: 08549557 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

SOUTH SOUTHWEST LIMITED

SOUTH SOUTHWEST LIMITED (REGISTERED NUMBER: 08549557)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH SOUTHWEST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr PGL Luithlen
Ms CR Tribe





REGISTERED OFFICE: 95 Queens Road
Leicester
Leicestershire
LE2 1TT





REGISTERED NUMBER: 08549557 (England and Wales)

SOUTH SOUTHWEST LIMITED (REGISTERED NUMBER: 08549557)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,665 15,201

CURRENT ASSETS
Stocks 4,750 4,250
Debtors 5 92,819 15,689
Cash at bank and in hand 66,544 110,295
164,113 130,234
CREDITORS
Amounts falling due within one year 6 102,919 93,809
NET CURRENT ASSETS 61,194 36,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,859

51,626

CREDITORS
Amounts falling due after more than one
year

7

(26,653

)

(32,208

)

PROVISIONS FOR LIABILITIES (3,046 ) (2,888 )
NET ASSETS 45,160 16,530

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 45,060 16,430
SHAREHOLDERS' FUNDS 45,160 16,530

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

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

The directors acknowledge their 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.

SOUTH SOUTHWEST LIMITED (REGISTERED NUMBER: 08549557)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mr PGL Luithlen - Director


SOUTH SOUTHWEST LIMITED (REGISTERED NUMBER: 08549557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

South Southwest Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue comprises the fair value of the sale of services, excluding value added tax. The company provides services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on completion of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

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 Income Statement, 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.

SOUTH SOUTHWEST LIMITED (REGISTERED NUMBER: 08549557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,750 33,529 - 37,279
Additions - - 1,128 1,128
At 31 May 2024 3,750 33,529 1,128 38,407
DEPRECIATION
At 1 June 2023 2,168 19,910 - 22,078
Charge for year 395 2,043 226 2,664
At 31 May 2024 2,563 21,953 226 24,742
NET BOOK VALUE
At 31 May 2024 1,187 11,576 902 13,665
At 31 May 2023 1,582 13,619 - 15,201

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 92,819 15,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,600 6,600
Trade creditors 6,891 12,850
Taxation and social security 81,354 65,210
Other creditors 8,074 9,149
102,919 93,809

SOUTH SOUTHWEST LIMITED (REGISTERED NUMBER: 08549557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 26,653 32,208

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £270,000 (2023 - £300,000).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr PGL Luithlen and Ms CR Tribe
Balance outstanding at start of year (4,009 ) (3,697 )
Amounts advanced 83,676 -
Amounts repaid (6,446 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,221 (4,009 )