Southern Works Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08799033

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,060,624		1,113,286

			1,060,624		1,113,286
CURRENT ASSETS
Stocks	5	31,568		34,538
Debtors	6	46,785		77,429
Cash at bank and in hand		136,260		79,423

		214,613		191,390
Creditors: Amounts Falling Due Within One Year	7	(311,680 )		(266,306 )

NET CURRENT ASSETS (LIABILITIES)			(97,067 )		(74,916 )

TOTAL ASSETS LESS CURRENT LIABILITIES			963,557		1,038,370

Creditors: Amounts Falling Due After More Than One Year	8		(409,974 )		(591,715 )

NET ASSETS			553,583		446,655

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			553,483		446,555

SHAREHOLDERS' FUNDS			553,583		446,655

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Southern Works Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Shipton

Director

14 August 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Southern Works Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08799033 . The registered office is 33 West Borough, Wimborne, Dorset, BH21 1LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

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:

Leasehold	No depreciation
Plant & Machinery	10%/25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Southern Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	35,000	1,210,010	162,302	17,924	1,425,236
Additions	-	36,717	61,070	991	98,778

As at 31 December 2024	35,000	1,246,727	223,372	18,915	1,524,014

Depreciation
As at 1 January 2024	-	211,962	85,408	14,580	311,950
Provided during the period	-	115,866	34,491	1,083	151,440

As at 31 December 2024	-	327,828	119,899	15,663	463,390

Net Book Value
As at 31 December 2024	35,000	918,899	103,473	3,252	1,060,624

As at 1 January 2024	35,000	998,048	76,894	3,344	1,113,286

5. Stocks

	2024	2023
	£	£
Work in progress	31,568	34,538

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	29,207	60,342
Prepayments and accrued income	1,456	-
Other debtors	10,998	9,999
VAT	5,124	7,088

	46,785	77,429

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	241,623	220,991
Trade creditors	24,129	8,676
Bank loans and overdrafts	10,000	9,884
Other taxes and social security	23,376	16,285
Accruals and deferred income	12,550	10,282
Directors' loan accounts	2	188

	311,680	266,306

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Southern Works Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	405,195	576,689
Bank loans	4,779	15,026

	409,974	591,715

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	241,623	220,991
Later than one year and not later than five years	405,195	576,689

	646,818	797,680

	646,818	797,680

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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