SOUTHFIELDS ENGINEERING LIMITED

Company Registration Number:
01421272 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SOUTHFIELDS ENGINEERING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

SOUTHFIELDS ENGINEERING LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 542,203 442,795
Investments:   0 0
Total fixed assets: 542,203 442,795
Current assets
Stocks: 94,462 130,301
Debtors:   407,341 410,518
Cash at bank and in hand: 340,405 315,729
Investments:   0 0
Total current assets: 842,208 856,548
Creditors: amounts falling due within one year:   (509,864) (386,245)
Net current assets (liabilities): 332,344 470,303
Total assets less current liabilities: 874,547 913,098
Creditors: amounts falling due after more than one year:   (40,000) (49,604)
Provision for liabilities: 0 0
Total net assets (liabilities): 834,547 863,494
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 9,998 9,998
Revaluation reserve: 00
Other reserves:   0
Profit and loss account: 814,549 843,496
Shareholders funds: 834,547 863,494

The notes form part of these financial statements

SOUTHFIELDS ENGINEERING LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: J Barrett
Status: Director

The notes form part of these financial statements

SOUTHFIELDS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SOUTHFIELDS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 12 12

SOUTHFIELDS ENGINEERING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 1,671,514
Additions 183,015
At 31 May 2024 1,854,529
Depreciation
At 01 June 2023 1,228,719
Charge for year 83,607
At 31 May 2024 1,312,326
Net book value
At 31 May 2024 542,203
At 31 May 2023 442,795