Company Registration No. 6615418 (England and Wales)
Southern Counties Services Ltd
Unaudited accounts
for the year ended 30 June 2024
Southern Counties Services Ltd
Unaudited accounts
Contents
Southern Counties Services Ltd
Company Information
for the year ended 30 June 2024
Company Number
6615418 (England and Wales)
Registered Office
76 The Street
Fetcham
Leatherhead
Surrey
KT22 9RF
Accountants
S Collins-Dryer
337 Holdenhurst Road
Bournemouth
BH8 8BT
Southern Counties Services Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
48,650
20,966
Cash at bank and in hand
1,137,495
637,448
Creditors: amounts falling due within one year
(296,144)
(159,494)
Net current assets
1,268,808
1,048,671
Total assets less current liabilities
1,318,458
1,070,637
Provisions for liabilities
Deferred tax
(8,250)
(4,000)
Net assets
1,310,208
1,066,637
Called up share capital
200
200
Profit and loss account
1,310,008
1,066,437
Shareholders' funds
1,310,208
1,066,637
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
S Grimsteed
Director
Company Registration No. 6615418
Southern Counties Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
Southern Counties Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 6615418. The registered office is 76 The Street, Fetcham, Leatherhead, Surrey, KT22 9RF.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets are stated at cost less depreciation.Depreciation has been provided at the following rates in order to write off the assets less their estimated residual value over their estimated useful lives:
Plant & machinery
25% on reducing balance basis
Motor vehicles
25% on reducing balance basis
Fixtures & fittings
25% on reducing balance basis
Computer equipment
25% on reducing balance basis
Investments in shares are included at fair value.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes direct costs only.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Southern Counties Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 July 2023
12,983
12,995
6,546
35,409
67,933
Additions
-
34,095
-
9,805
43,900
At 30 June 2024
12,983
47,090
6,546
45,214
111,833
At 1 July 2023
9,890
7,046
3,849
26,182
46,967
Charge for the year
773
10,011
674
4,758
16,216
At 30 June 2024
10,663
17,057
4,523
30,940
63,183
At 30 June 2024
2,320
30,033
2,023
14,274
48,650
At 30 June 2023
3,093
5,949
2,697
9,227
20,966
5
Investments
Other investments
Valuation at 1 July 2023
1,000
Valuation at 30 June 2024
1,000
Amounts falling due within one year
Trade debtors
339,945
491,092
Amounts due from group undertakings etc.
-
2,521
Accrued income and prepayments
1,224
423
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
93,090
32,811
Amounts owed to group undertakings and other participating interests
37,056
-
Taxes and social security
113,780
85,259
Loans from directors
13,676
6,420
Southern Counties Services Ltd
Notes to the Accounts
for the year ended 30 June 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
8,250
4,000
Provision at start of year
4,000
4,400
Charged/(credited) to the profit and loss account
4,250
(400)
Provision at end of year
8,250
4,000
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Transactions with related parties
Overhead expenses were shared between the company and Southern Counties Services (Mechanical ) Limited, a company in which the the company owned 50% of the issued share capital.
The company owes £37,056 at 30 June 2024 by the Southern Counties Services (Mechanical) Limited This amount is interest free and repayable on demand.
The director was owed £ 13,676 by the company at 30 June 2023 This amount is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 8 (2023: 8).