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Company Registration No. 06048354 (England and Wales)
South Coast Fabrications Limited Unaudited accounts for the year ended 31 August 2024
South Coast Fabrications Limited Unaudited accounts Contents
Page
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South Coast Fabrications Limited Company Information for the year ended 31 August 2024
Director
J S Singh
Company Number
06048354 (England and Wales)
Registered Office
Unit 10 Forest Corner Farm Hangersley Ringwood Hampshire BH24 3JW
Accountants
M. Whittingham Limited Unit K2 Lion Works 543 Wallisdown Road Poole Dorset BH12 5AD
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South Coast Fabrications Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,858 
7,474 
Current assets
Inventories
5,432 
7,637 
Debtors
439,434 
360,370 
Cash at bank and in hand
1,813 
21,990 
446,679 
389,997 
Creditors: amounts falling due within one year
(117,224)
(84,910)
Net current assets
329,455 
305,087 
Total assets less current liabilities
335,313 
312,561 
Creditors: amounts falling due after more than one year
(8,333)
(18,333)
Provisions for liabilities
Deferred tax
(1,113)
(1,420)
Net assets
325,867 
292,808 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
325,863 
292,804 
Shareholders' funds
325,867 
292,808 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 22 May 2025 and were signed on its behalf by
J S Singh Director Company Registration No. 06048354
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South Coast Fabrications Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
South Coast Fabrications Limited is a private company, limited by shares, registered in England and Wales, registration number 06048354. The registered office is Unit 10 Forest Corner Farm, Hangersley, Ringwood, Hampshire, BH24 3JW.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balane
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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.
Leased assets
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 at a constant proportion of the outstanding balance of capital repayments.
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South Coast Fabrications Limited Notes to the Accounts for the year ended 31 August 2024
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 September 2023
78,307 
18,750 
795 
17,640 
115,492 
At 31 August 2024
78,307 
18,750 
795 
17,640 
115,492 
Depreciation
At 1 September 2023
73,250 
16,968 
752 
17,048 
108,018 
Charge for the year
1,011 
446 
11 
148 
1,616 
At 31 August 2024
74,261 
17,414 
763 
17,196 
109,634 
Net book value
At 31 August 2024
4,046 
1,336 
32 
444 
5,858 
At 31 August 2023
5,057 
1,782 
43 
592 
7,474 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
413,410 
336,151 
Accrued income and prepayments
3,404 
1,599 
Other debtors
22,620 
22,620 
439,434 
360,370 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
59,643 
48,018 
Trade creditors
34,587 
24,088 
Taxes and social security
11,210 
1,112 
Other creditors
273 
183 
Accruals
1,511 
1,509 
117,224 
84,910 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,333 
18,333 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
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South Coast Fabrications Limited Notes to the Accounts for the year ended 31 August 2024
9
Transactions with related parties
During the period net sales of £221,491 were made to Sinbar Associates Limited who own 100% of the share capital in the company.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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