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Registered number: 04206702
South Coast Interiors Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Naylor Accountancy Services Limited
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04206702
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 181,104 186,864
181,104 186,864
CURRENT ASSETS
Stocks 3,829 2,907
Debtors 5 116,052 52,149
Cash at bank and in hand 30,531 115,628
150,412 170,684
Creditors: Amounts Falling Due Within One Year 6 (85,300 ) (63,884 )
NET CURRENT ASSETS (LIABILITIES) 65,112 106,800
TOTAL ASSETS LESS CURRENT LIABILITIES 246,216 293,664
Creditors: Amounts Falling Due After More Than One Year 7 (10,267 ) (16,133 )
NET ASSETS 235,949 277,531
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 235,849 277,431
SHAREHOLDERS' FUNDS 235,949 277,531
Page 1
Page 2
For the 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.
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
P Smith
Director
16th December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
South Coast Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04206702 . The registered office is Unit 8 Chevron Business Park, Hardley, Southampton, SO45 2QL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These  financial statements have been prepared  in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102")  and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The discosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statemetns are rounded to the nearest £.
The finacial statements have been prepared under the historical cost convention. The Principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT  and other sales related  taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of  depreciation and any  impairment losses. 
Depreciation is recognised so as to write off the  cost or valuation of  assets less their  residual values  over their  useful lives on the following bases:
Freehold Not depreciated
Plant & Machinery 15% Reducing balance
Motor Vehicles 20% Reducing balance
Fixtures & Fittings 10% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Leasing and Hire Purchase Contracts
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
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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.
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
Payments to defined  contribution retirement benefit schemeare charged as an expense as they fall due.
2.8. Cash at bank and in hand
Cash and cash equivalent are basic finacial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank oveerdrafts are shown within borrowings in current liabilities.
2.9. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
2.10. Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss ( if any) Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2024 158,231 8,702 42,253 209,186
As at 31 March 2025 158,231 8,702 42,253 209,186
...CONTINUED
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Page 5
Depreciation
As at 1 April 2024 - 8,450 13,872 22,322
Provided during the period - 84 5,676 5,760
As at 31 March 2025 - 8,534 19,548 28,082
Net Book Value
As at 31 March 2025 158,231 168 22,705 181,104
As at 1 April 2024 158,231 252 28,381 186,864
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 108,343 51,070
Other debtors 7,709 1,079
116,052 52,149
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 36,421 11,262
Other creditors 48,315 48,894
Taxation and social security 564 3,728
85,300 63,884
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 10,267 16,133
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 37,200 75,200
10. Ultimate Controlling Party
The company's ultimate controlling party is the director, P. Smith, by virtue of his  shareholding.
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