Southern Accounting Limited

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

Registered number: 11526527

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		47,980		59,138
Tangible Assets	5		41,390		42,402

			89,370		101,540
CURRENT ASSETS
Debtors	6	127,671		45,918
Cash at bank and in hand		19,689		129,616

		147,360		175,534
Creditors: Amounts Falling Due Within One Year	7	(82,837 )		(101,874 )

NET CURRENT ASSETS (LIABILITIES)			64,523		73,660

TOTAL ASSETS LESS CURRENT LIABILITIES			153,893		175,200

Creditors: Amounts Falling Due After More Than One Year	8		(34,558 )		(56,837 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,785 )		(2,785 )

NET ASSETS			116,550		115,578

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			116,450		115,478

SHAREHOLDERS' FUNDS			116,550		115,578

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Southern Accounting 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 C T Bottrill

Director

24/09/2025

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

1. General Information

Southern Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11526527 . The registered office is 24 Halden Field, Rolvenden, Cranbrook, Kent, TN17 4BX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are a purchased client database and a trademark. Other intangible assets are amortised to profit and loss account over their estimated economic life of 10 years.

2.4. 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:

Plant & Machinery	Reducing balance over 5 years
Motor Vehicles	18% reducing balance
Computer Equipment	Reducing balance over 4 years

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Southern Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	114,639

As at 31 December 2024	114,639

Amortisation
As at 1 January 2024	55,501
Provided during the period	11,158

As at 31 December 2024	66,659

Net Book Value
As at 31 December 2024	47,980

As at 1 January 2024	59,138

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	3,921	46,493	14,227	64,641
Additions	2,955	4,700	127	7,782

As at 31 December 2024	6,876	51,193	14,354	72,423

Depreciation
As at 1 January 2024	1,576	14,122	6,541	22,239
Provided during the period	683	6,163	1,948	8,794

As at 31 December 2024	2,259	20,285	8,489	31,033

Net Book Value
As at 31 December 2024	4,617	30,908	5,865	41,390

As at 1 January 2024	2,345	32,371	7,686	42,402

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Southern Accounting Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	38,676	32,949
Prepayments and accrued income	3,419	7,912
Other debtors	40	40
Amounts owed by other participating interests	85,536	5,017

	127,671	45,918

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,656	684
Bank loans and overdrafts	10,000	10,000
Other loans	12,279	12,279
Corporation tax	26,841	28,482
VAT	17,472	14,869
Net wages	-	594
Other creditors	568	-
Accruals and deferred income	248	9,081
Directors' loan accounts	11,773	18,645
Amounts owed to related parties	-	7,240

	82,837	101,874

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

	2024	2023
	£	£
Bank loans	10,000	20,000
Other loans	24,558	36,837

	34,558	56,837

9. Share Capital

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

10. Related Party Transactions

Halden Property Investments Limited

A company under the control of common director's and shareholders.

A loan of £80,519 was provided to Halden Property Investments Ltd. This loan is interest free and repayable upon demand. The total outstanding balance owed to the Company is £85,536.

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