REGISTERED NUMBER: 11402269 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Southern Premier Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Martine Southern

Mr Jonathan Mark Southern

REGISTERED OFFICE:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

REGISTERED NUMBER:

11402269 (England and Wales)

ACCOUNTANTS:

Bracey's Accountants (Stevenage) Limited

18-20 High Street

Stevenage

Hertfordshire

SG1 3EJ

FIXED ASSETS

Tangible assets

4

7,280

7,963

CURRENT ASSETS

Debtors

5

161,571

154,370

Cash at bank

-

3

161,571

154,373

CREDITORS

Amounts falling due within one year

6

147,912

138,208

NET CURRENT ASSETS

13,659

16,165

TOTAL ASSETS LESS CURRENT LIABILITIES

20,939

24,128

CREDITORS

Amounts falling due after more than one year

7

(19,283

)

(22,544

)

PROVISIONS FOR LIABILITIES

(1,383

)

(1,513

)

NET ASSETS

273

71

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

271

69

SHAREHOLDERS' FUNDS

273

71

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Mrs Martine Southern - Director

1.	STATUTORY INFORMATION

Southern Premier Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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).

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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and

provision of services in the ordinary course of the company’s activities. Turnover is shown net of

sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible assets are stated in the balance sheet 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

Computer Equipment - 20% straight line

Motor Vehicles - 20% reducing balance

Plant & Machinery - 20% straight line

Taxation

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 tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported

in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of

business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed on an annual basis and any adjustment is made accordingly through the

profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary

course of business from suppliers. Accounts payable are classified as current liabilities if the company

does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor

for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for

at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or

other resources received or receivable, net of the direct costs of issuing the equity instruments. If

payment is deferred and the time value of money is material, the initial measurement is on a present

value basis.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

507

24,629

3,024

28,160

Additions

120

-

991

1,111

At 30 June 2025

627

24,629

4,015

29,271

DEPRECIATION

At 1 July 2024

116

17,541

2,540

20,197

Charge for year

107

1,418

269

1,794

At 30 June 2025

223

18,959

2,809

21,991

NET BOOK VALUE

At 30 June 2025

404

5,670

1,206

7,280

At 30 June 2024

391

7,088

484

7,963

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,486

7,969

Other debtors

150,085

146,401

161,571

154,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

22,762

23,257

Trade creditors

18,257

18,847

Taxation and social security

91,372

81,696

Other creditors

15,521

14,408

147,912

138,208

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

19,283

22,544

8.

LOANS

Included in loans and borrowings due under one year is £4,383 and over one year is £18,162 relating to a

loan acquired under the Bounce Back Loan Scheme (BBLS) which is managed by the British Business

Bank and on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and

Industrial Strategy.

Additionally, loans and borrowings also includes £5,507 due under one year and £1,121 due over one year relating to a loan provided by Funding Circle.

Also included in loans and borrowings due under one year is an unsecured loan of £10,288.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

ORDINARY

2

2

2

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £111,151 (2024: £109,853) by Mrs M Southern and Mr J Southern, the directors of the company. There are no terms relating to the repayment of capital on this loan and interest is being charged at a rate of 2.25% per annum.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mrs Martine Southern & Mr Jon Southern, by virtue of their shareholdings.