Registration number:
Southern ADAS Specialists Ltd
for the Year Ended 31 December 2024
Southern ADAS Specialists Ltd
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Southern ADAS Specialists Ltd
Company Information
Directors |
Marc Antoni Stenning Natasha Stenning |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Southern ADAS Specialists Ltd
for the Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southern ADAS Specialists Ltd for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Southern ADAS Specialists Ltd, as a body, in accordance with the terms of our engagement letter dated 8 May 2024. Our work has been undertaken solely to prepare for your approval the accounts of Southern ADAS Specialists Ltd and state those matters that we have agreed to state to the Board of Directors of Southern ADAS Specialists Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southern ADAS Specialists Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southern ADAS Specialists Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southern ADAS Specialists Ltd. You consider that Southern ADAS Specialists Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Southern ADAS Specialists Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Broadbridge Heath
Horsham
West Sussex
RH12 3TP
Southern ADAS Specialists Ltd
(Registration number: 13090808)
Balance Sheet as at 31 December 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
3,471 |
6,530 |
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Shareholders' funds |
3,472 |
6,531 |
Southern ADAS Specialists Ltd
(Registration number: 13090808)
Balance Sheet as at 31 December 2024
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Southern ADAS Specialists Ltd
Statement of Changes in Equity for the Year Ended 31 December 2024
Share capital |
Retained earnings |
Total |
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At 1 January 2024 |
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Profit for the year |
- |
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Dividends |
- |
( |
( |
At 31 December 2024 |
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Share capital |
Retained earnings |
Total |
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At 1 January 2023 |
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Loss for the year |
- |
( |
( |
At 31 December 2023 |
1 |
6,530 |
6,531 |
Southern ADAS Specialists Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Southern ADAS Specialists Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant & Machinery |
20% & 33.33% straight line on cost |
Motor Vehicles |
50% straight line on cost |
Fixtures & Fittings |
33.33% straight line on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Southern ADAS Specialists Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Tangible assets |
Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2024 |
- |
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Additions |
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- |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
- |
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Charge for the year |
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- |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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- |
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At 31 December 2023 |
- |
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- |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Prepayments |
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Southern ADAS Specialists Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Amounts due to related parties |
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Social security and other taxes |
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Accruals |
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Income tax liability |
765 |
- |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Dividends |
2024 |
2023 |
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£ |
£ |
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Interim dividend of £ |
15,586 |
- |
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Related party transactions |
Summary of transactions with key management
Southern ADAS Specialists Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
Transactions with directors |
2024 |
At 1 January 2024 |
Repayments to director |
Advance/Credit from director |
At 31 December 2024 |
Marc Antoni Stenning |
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Loan from Director |
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( |
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2023 |
At 1 January 2023 |
Repayments to director |
Advance/Credit from director |
At 31 December 2023 |
Marc Antoni Stenning |
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Loan from Director |
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( |
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Dividends paid to directors
2024 |
2023 |
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Marc Antoni Stenning |
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Interim Dividend |
15,586 |
- |
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