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Registration number: 11104428

Southam Services (Lincs) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Southam Services (Lincs) Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Southam Services (Lincs) Limited

(Registration number: 11104428)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 137,898 | 164,756
Investments | 5 | 2,144 | 2,144
|  | 140,042 | 166,900
Current assets |  |  |
Stocks | 6 | 173,800 | -
Debtors | 7 | 65,679 | 303,472
Cash at bank and in hand |  | 164,337 | 306,210
|  | 403,816 | 609,682
Creditors: Amounts falling due within one year | 8 | (125,303) | (323,799)
Net current assets |  | 278,513 | 285,883
Total assets less current liabilities |  | 418,555 | 452,783
Provisions for liabilities |  | (34,475) | (41,190)
Net assets |  | 384,080 | 411,593
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 383,980 | 411,493
Shareholders' funds |  | 384,080 | 411,593

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 October 2025

......................................... G P Simons Director

Southam Services (Lincs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
26 South St. Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

The principal place of business is:
Southam Barns
Brocklesby Road
Ulceby
DN39 6SU

These financial statements were authorised for issue by the director on 8 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared for the individual entity and are presented in sterling and rounded to the nearest pound.

Going concern

Specifically in connection with the current economic climate, the directors have considered the impact of COVID-19 on the business and they are satisfied that the company has sufficient financial headroom to continue trading for at least the next twelve months. For this reason the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents revenue due from the normal activities of the business to the extent that the company obtains a right to consideration in exchange for its performance of those activities, exclusive of value added tax.
Revenue recognised is measured by reference to the amounts likely to be chargeable to customers. The excess of turnover not invoiced over payments on account is reported as amounts recoverable on contracts within debtors.

Contract revenue recognition

In the case of long term contracts, where the outcome of individual contracts can be estimated reliably and it is probable that the contract will be profitable, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting date. The stage of completion is measured by reference to the proportion of work done relative to the total value of work under the contract. provision is made for all known or expected losses on individual contracts in the year in which such losses are foreseen.

Southam Services (Lincs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 15% and 33% Straight line
Plant and machinery | 15% Straight line
Motor vehicles | 25% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Southam Services (Lincs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2024 - 4).

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 240,542 | 106,311 | 346,853
Additions | 37,675 | 3,111 | 40,786
Disposals | (81,104) | (2,500) | (83,604)
At 31 March 2025 | 197,113 | 106,922 | 304,035
Depreciation
At 1 April 2024 | 142,874 | 39,224 | 182,098
Charge for the year | 25,090 | 19,098 | 44,188
Eliminated on disposal | (57,853) | (2,296) | (60,149)
At 31 March 2025 | 110,111 | 56,026 | 166,137
Carrying amount
At 31 March 2025 | 87,002 | 50,896 | 137,898
At 31 March 2024 | 97,669 | 67,087 | 164,756

Southam Services (Lincs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Investments

| 2025 £ | 2024 £
Other investments | 2,144 | 2,144

Fixed asset investments | £
Cost or valuation
Additions | 2,144
Provision
Carrying amount
At 31 March 2025 | 2,144
At 31 March 2024 | 2,144

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 173,800 | -

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 40,398 | 260,970
Prepayments | 2,754 | 8,730
Other debtors | 22,527 | 33,772
| 65,679 | 303,472

Southam Services (Lincs) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 181 | 1,491
Trade creditors |  | 93,172 | 92,572
Taxation and social security |  | 20,533 | 34,524
Accruals and deferred income |  | 11,417 | 195,212
|  | 125,303 | 323,799

9 | Related party transactions

Transactions with the Director

Director's remuneration

The Director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 9,500 | 9,555

Dividends paid to directors total 2025: £65,000 (2024: £35,500).