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REGISTERED NUMBER: 07361772 (England and Wales)















Financial Statements

for the Year Ended 30 September 2024

for

Southern Vehicle Bodies Limited

Southern Vehicle Bodies Limited (Registered number: 07361772)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Southern Vehicle Bodies Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Mcintyre





REGISTERED OFFICE: Unit 5, Curtis Farm
Green Lane
Rusper
West Sussex
RH12 4PP





REGISTERED NUMBER: 07361772 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Southern Vehicle Bodies Limited (Registered number: 07361772)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Intangible assets 5 19,918 23,902
Tangible assets 6 27,779 31,111
47,697 55,013

CURRENT ASSETS
Stocks 39,120 32,500
Debtors 7 34,852 131,337
Cash at bank 70,611 36,223
144,583 200,060
CREDITORS
Amounts falling due within one year 8 (114,979 ) (130,670 )
NET CURRENT ASSETS 29,604 69,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,301

124,403

CREDITORS
Amounts falling due after more than one
year

9

(30,071

)

(30,071

)
NET ASSETS 47,230 94,332

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 47,129 94,231
47,230 94,332

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.

Southern Vehicle Bodies Limited (Registered number: 07361772)

Statement of Financial Position - continued
30 September 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2025 and were signed by:





M Mcintyre - Director


Southern Vehicle Bodies Limited (Registered number: 07361772)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Southern Vehicle Bodies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
The estimated useful life for Other intangibles has been changed from twenty to ten years.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible fixed assets and amortisation - other intangible
Other intangible assets are legal fees associated with acquisition of trade It is amortised to profit and loss account over its estimated economic life of ten years.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold propertyNot depreciated
Short leasehold25% reducing balance
Plant & machinery25% reducing balance
Motor vehicles25% reducing balance
Computer equipment25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Southern Vehicle Bodies Limited (Registered number: 07361772)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 October 2023
and 30 September 2024 28,678 8,925 37,603
Amortisation
At 1 October 2023 11,471 2,230 13,701
Charge for year 2,868 1,116 3,984
At 30 September 2024 14,339 3,346 17,685
Net book value
At 30 September 2024 14,339 5,579 19,918
At 30 September 2023 17,207 6,695 23,902

Southern Vehicle Bodies Limited (Registered number: 07361772)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
Cost
At 1 October 2023 2,775 11,626 38,067
Additions - 647 -
Reclassification/transfer (2,775 ) 2,775 -
At 30 September 2024 - 15,048 38,067
Depreciation
At 1 October 2023 - 5,918 16,010
Charge for year - 2,282 5,514
At 30 September 2024 - 8,200 21,524
Net book value
At 30 September 2024 - 6,848 16,543
At 30 September 2023 2,775 5,708 22,057

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 October 2023 - 1,161 53,629
Additions 5,000 280 5,927
Reclassification/transfer - - -
At 30 September 2024 5,000 1,441 59,556
Depreciation
At 1 October 2023 - 590 22,518
Charge for year 1,250 213 9,259
At 30 September 2024 1,250 803 31,777
Net book value
At 30 September 2024 3,750 638 27,779
At 30 September 2023 - 571 31,111

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 25,859 131,337
Other debtors 8,993 -
34,852 131,337

Southern Vehicle Bodies Limited (Registered number: 07361772)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 51,879 64,661
Taxation and social security 49,945 59,296
Other creditors 13,155 6,713
114,979 130,670

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Other creditors 30,071 30,071

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/9/24 30/9/23
£    £   
Within one year 13,250 13,250