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Company Registration No. 10338945 (England and Wales)
Southern Counties Services (Mechanical) Limited Unaudited accounts for the year ended 30 June 2024
Southern Counties Services (Mechanical) Limited Unaudited accounts Contents
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Southern Counties Services (Mechanical) Limited Company Information for the year ended 30 June 2024
Directors
S Grimsteed H Wentzel
Company Number
10338945 (England and Wales)
Registered Office
76 The Street Fetcham Leatherhead Surrey KT22 9RF
Accountants
S Collins-Dryer 337 Holdenhurst Road Bournemouth BH8 8BT
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Southern Counties Services (Mechanical) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,255 
14,486 
Current assets
Inventories
52,000 
48,500 
Debtors
275,527 
186,737 
Cash at bank and in hand
184,701 
161,344 
512,228 
396,581 
Creditors: amounts falling due within one year
(157,190)
(96,767)
Net current assets
355,038 
299,814 
Total assets less current liabilities
392,293 
314,300 
Creditors: amounts falling due after more than one year
(22,159)
- 
Provisions for liabilities
Deferred tax
(7,080)
(2,750)
Net assets
363,054 
311,550 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
361,054 
309,550 
Shareholders' funds
363,054 
311,550 
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. 10338945
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Southern Counties Services (Mechanical) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Southern Counties Services (Mechanical) Limited is a private company, limited by shares, registered in England and Wales, registration number 10338945. 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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 balamce basis
Computer equipment
25 % on reducing balance basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease.
Inventories
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, cost includes direct cost only.
Deferred taxation
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.
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Southern Counties Services (Mechanical) Limited Notes to the Accounts for the year ended 30 June 2024
Turnover
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.
Pension costs
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 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
1,348 
27,267 
2,859 
31,474 
Additions
3,295 
29,362 
485 
33,142 
Disposals
- 
(14,610)
- 
(14,610)
At 30 June 2024
4,643 
42,019 
3,344 
50,006 
Depreciation
At 1 July 2023
921 
14,166 
1,901 
16,988 
Charge for the year
930 
5,801 
239 
6,970 
On disposals
- 
(11,207)
- 
(11,207)
At 30 June 2024
1,851 
8,760 
2,140 
12,751 
Net book value
At 30 June 2024
2,792 
33,259 
1,204 
37,255 
At 30 June 2023
427 
13,101 
958 
14,486 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
7,000 
6,500 
Work in progress
45,000 
42,000 
52,000 
48,500 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
18,793 
21,092 
Trade debtors
245,647 
159,889 
Accrued income and prepayments
10,967 
3,826 
Other debtors
120 
1,930 
275,527 
186,737 
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Southern Counties Services (Mechanical) Limited Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,000 
- 
Trade creditors
60,055 
49,971 
Amounts owed to group undertakings and other participating interests
49,530 
18,934 
Taxes and social security
16,659 
9,846 
Other creditors
7,643 
220 
Accruals
17,303 
17,796 
157,190 
96,767 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,159 
- 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
7,080 
2,750 
2024 
2023 
£ 
£ 
Provision at start of year
2,750 
1,665 
Charged to the profit and loss account
4,330 
1,085 
Provision at end of year
7,080 
2,750 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000 
2,000 
11
Transactions with related parties
The company paid consultancy fees of £ 369,100 and expenses of £8,389 to Wentzel Consultants Limited during the year in respect of services provided by H Wentzel, who owns 50% of the issued share capital of the company. Overhead expenses were shared between the company and Southern Counties Services Limited, which owns 50% of the issued share capital of the company. The company owed £49,530t o Southern Counties Services Limited at 30 June 2024. This amount was interest free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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