REGISTERED NUMBER: 05084575 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SOUTHERN CONCRETE SERVICES LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Tangible assets

4

176,073

51,669

Investments

5

100

100

176,173

51,769

Current assets

Stocks

30,908

67,172

Debtors

6

219,715

254,005

Cash at bank

187,220

91,366

437,843

412,543

Creditors

Amounts falling due within one year

7

238,843

199,002

Net current assets

199,000

213,541

Total assets less current liabilities

375,173

265,310

Creditors

Amounts falling due after more than one year

8

(91,226

)

(23,453

)

Provisions for liabilities

10

(42,512

)

(11,315

)

Net assets

241,435

230,542

Capital and reserves

Called up share capital

11

2

2

Retained earnings

241,433

230,540

Shareholders' funds

241,435

230,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:

Mr L D Courage - Director

1.	Statutory information

Southern Concrete Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05084575. The registered office is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Unit 27 Slader Business Park, Witney Road, Poole, Dorset, BH17 0GP.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Southern Concrete Services Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Government grants

Grants are recognised at the fair value of the asset received.

A grant that does not impose specified future performance-related conditions on the company is recognised as income when the grant is received or receivable.

A grant that imposes specified future performance-related conditions on the company is recognised as income only when the performance-related conditions are met.

Grants received before the above recognition criteria are satisfied are recognised as a liability.

3.	Employees and directors

The average number of employees during the year was 12 (2023 - 9 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

Cost

At 1 October 2023

70,166

42,815

105,909

218,890

Additions

2,709

9,970

180,881

193,560

Disposals

(8,542

)

(1,431

)

(81,251

)

(91,224

)

At 30 September 2024

64,333

51,354

205,539

321,226

Depreciation

At 1 October 2023

45,229

24,271

97,721

167,221

Charge for year

6,150

6,838

45,706

58,694

Eliminated on disposal

(5,493

)

(267

)

(75,002

)

(80,762

)

At 30 September 2024

45,886

30,842

68,425

145,153

Net book value

At 30 September 2024

18,447

20,512

137,114

176,073

At 30 September 2023

24,937

18,544

8,188

51,669

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

Additions

169,631

At 30 September 2024

169,631

Depreciation

Charge for year

42,408

At 30 September 2024

42,408

Net book value

At 30 September 2024

127,223

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 October 2023

and 30 September 2024

100

Net book value

At 30 September 2024

100

At 30 September 2023

100

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

189,751

197,014

Amounts owed by group undertakings

3,559

41,727

Other debtors

1,465

1,000

Prepayments and accrued income

24,940

14,264

219,715

254,005

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,231

9,923

Hire purchase contracts

26,509

-

Trade creditors

47,261

43,210

Tax

59,435

70,726

Social security and other taxes

11,230

5,984

CIS control

2,227

-

VAT

68,263

62,344

Other creditors

4,456

3,555

Wages and salaries control

5,739

-

Directors' current accounts

497

115

Accruals and deferred income

2,995

3,145

238,843

199,002

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

10,539

10,231

Bank loans - 2-5 years

2,683

13,222

Hire purchase contracts

78,004

-

91,226

23,453

9.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

104,513

-

Amounts owing under hire purchase agreements are secured against the assets to which they relate.

All monies due to, or to become due to, HSBC Bank PLC are secured by way of a debenture, dated 9 November 2006, over all the assets of the company.

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

Accelerated capital allowances

42,512

11,315

Deferred

tax

£

Balance at 1 October 2023

11,315

Charge to Income statement during year

31,197

Balance at 30 September 2024

42,512

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

12.	Ultimate controlling party

The company is under the control of its director, Mr L Courage, who owns 100% of the issued share capital.