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# SOUTHERN COUNTIES FINANCE LIMITED

## Company Registration Number:
03406451 (England and Wales)

## Unaudited abridged accounts for the year ended 30 September 2025

## Period of accounts

## Start date: 01 October 2024

## End date: 30 September 2025

# SOUTHERN COUNTIES FINANCE LIMITED

## Contents of the Financial Statements

for the Period Ended 30 September 2025

Balance sheet |
Notes |

# SOUTHERN COUNTIES FINANCE LIMITED

## Balance sheet

As at 30 September 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 33,338 | 51,827
Total fixed assets: |  | 33,338 | 51,827
Current assets
Debtors: |  | 2,527,947 | 2,422,573
Cash at bank and in hand: |  | 76,947 | 0
Total current assets: |  | 2,604,894 | 2,422,573
Creditors: amounts falling due within one year: |  | (1,143,274) | (917,647)
Net current assets (liabilities): |  | 1,461,620 | 1,504,926
Total assets less current liabilities: |  | 1,494,958 | 1,556,753
Creditors: amounts falling due after more than one year: |  | (495,159) | (580,244)
Total net assets (liabilities): |  | 999,799 | 976,509
Capital and reserves
Called up share capital: |  | 10,000 | 10,000
Profit and loss account: |  | 989,799 | 966,509
Shareholders funds: |  | 999,799 | 976,509

The notes form part of these financial statements

# SOUTHERN COUNTIES FINANCE LIMITED

## Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 February 2026
and signed on behalf of the board by:

Name: T Morley
Status: Director

The notes form part of these financial statements

# SOUTHERN COUNTIES FINANCE LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Turnover represents interest and commissions receivable from arranging finance lease contracts and hire purchase contracts, excluding value added tax. Statement of Standard Accounting Practice 21 requires that amounts receivable under hire purchase contracts are calculated such that the interest is allocated on a basis that gives a constant periodic rate of return on the company's net cash investment. Interest on repayments not yet due is deducted from the outstanding balances on the contracts to reflect the capital sum due at the balance sheet date. The company's accounting policy is to credit interest receivable under hire purchase contracts on a straight line basis over the period of the contracts. The company also accounts for interest payable on the financial instruments used to finance the hire purchase contracts on a straight line basis rather than allocating the finance cost on a basis to reflect a constant periodic rate of charge on the remaining balance outstanding. These departures from standard accounting practice are, in the opinion of the director, necessary in order for the financial statements to give a true and fair view. In his opinion the policy adopted by the company more fairly reflects the return that is made on the contracts and does not anticipate profits that may not be earned in the future. The difference between the two methods of allocating interest is shown as a creditor in the balance sheet as deferred income. If the company had not adopted the alternative accounting policy then turnover for the year would have increased by £32,915 (2024: increased by £20,995) and interest charges would have decreased by £17,158 (2024:decreased by £19,267). The total amount included in deferred income at the year end was £150,404 (2024: £134,646).

## Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Leasehold improvements - 15% on reducing balance. Fixtures and fittings - 15% on reducing balance. Motor vehicles - 25% on reducing balance. Computer equipment -33% on reducing balance.

# SOUTHERN COUNTIES FINANCE LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 3 | 3

# SOUTHERN COUNTIES FINANCE LIMITED

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 October 2024 | 98,055
At 30 September 2025 | 98,055
Depreciation |
At 01 October 2024 | 46,228
Charge for year | 18,489
At 30 September 2025 | 64,717
Net book value |
At 30 September 2025 | 33,338
At 30 September 2024 | 51,827