Registered number
07910858
Southern Plant Repair Services Limited
Unaudited Filleted Accounts
31 January 2025
Southern Plant Repair Services Limited
Registered number: 07910858
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 25,153 33,217
Current assets
Stocks 5,054 4,021
Debtors 4 15,899 22,057
Cash at bank and in hand 462,912 408,345
483,865 434,423
Creditors: amounts falling due within one year 5 (468,171) (428,851)
Net current assets 15,694 5,572
Total assets less current liabilities 40,847 38,789
Provisions for liabilities (6,288) (8,304)
Net assets 34,559 30,485
Capital and reserves
Called up share capital 10 10
Profit and loss account 34,549 30,475
Shareholder's funds 34,559 30,485
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R J Crook
Director
Approved by the board on 23 September 2025
Southern Plant Repair Services Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools and equipment 30% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2024 40,893 48,330 89,223
Additions 529 - 529
At 31 January 2025 41,422 48,330 89,752
Depreciation
At 1 February 2024 36,708 19,298 56,006
Charge for the year 1,335 7,258 8,593
At 31 January 2025 38,043 26,556 64,599
Net book value
At 31 January 2025 3,379 21,774 25,153
At 31 January 2024 4,185 29,032 33,217
4 Debtors 2025 2024
£ £
Trade debtors 15,088 20,547
Other debtors 811 1,510
15,899 22,057
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 217 113
Director's current account 442,615 401,117
Taxation and social security costs 21,762 26,215
Other creditors 3,577 1,406
468,171 428,851
6 Controlling party
The company is ultimately controlled by R J Crook who owns 100% of the company's issued share capital.
7 Other information
Southern Plant Repair Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
James House
40 Lagland Street
Poole
Dorset
BH15 1QG
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