SV SOUTHALL LTD

Company Registration Number:
07165924 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

SV SOUTHALL LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

SV SOUTHALL LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 184,483 73,926
Total fixed assets: 184,483 73,926
Current assets
Stocks: 14,780 14,780
Debtors:   472,761 259,994
Cash at bank and in hand: 198,347 447,680
Investments:   200,000 200,000
Total current assets: 885,888 922,454
Creditors: amounts falling due within one year: 4 (112,882) (241,712)
Net current assets (liabilities): 773,006 680,742
Total assets less current liabilities: 957,489 754,668
Total net assets (liabilities): 957,489 754,668
Capital and reserves
Called up share capital: 150 150
Share premium account: 49,950 49,950
Profit and loss account: 907,389 704,568
Shareholders funds: 957,489 754,668

The notes form part of these financial statements

SV SOUTHALL LTD

Balance sheet statements

For the year ending 28 February 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 30 November 2024
and signed on behalf of the board by:

Name: Saima Ibrar Khan
Status: Director

The notes form part of these financial statements

SV SOUTHALL LTD

Notes to the Financial Statements

for the Period Ended 28 February 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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the sale of goods.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Improvement-leased buildings 17 years over the lease period Fixtures, fittings & equipments 15% reducing balance

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

SV SOUTHALL LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 26 24

SV SOUTHALL LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 221,865
Additions 144,032
At 28 February 2024 365,897
Depreciation
At 01 March 2023 147,939
Charge for year 33,475
At 28 February 2024 181,414
Net book value
At 28 February 2024 184,483
At 28 February 2023 73,926

SV SOUTHALL LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

Accruals £4,234 Corporation tax £33,351 Other taxes and social security costs £75,297