Company Registration No. 14214291 (England and Wales)
Southern Asset Management Limited
Unaudited accounts
for the year ended 31 July 2025
Southern Asset Management Limited
Unaudited accounts
Contents
Southern Asset Management Limited
Company Information
for the year ended 31 July 2025
Company Number
14214291 (England and Wales)
Registered Office
Unit 6 Mandale Wharf
Boathouse Court
Stockton-On-Tees
TS18 3FA
England
Southern Asset Management Limited
Statement of financial position
as at 31 July 2025
Intangible assets
249,892
110,335
Tangible assets
253,655
214,434
Cash at bank and in hand
20,823
19,205
Creditors: amounts falling due within one year
(362,294)
(277,245)
Net current liabilities
(177,382)
(113,828)
Total assets less current liabilities
326,165
210,941
Creditors: amounts falling due after more than one year
(324,880)
(210,914)
Called up share capital
1
1
Profit and loss account
1,284
26
Shareholders' funds
1,285
27
For the year ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2026 and were signed on its behalf by
Stephen Southern
Director
Company Registration No. 14214291
Southern Asset Management Limited
Notes to the Accounts
for the year ended 31 July 2025
Southern Asset Management Limited is a private company, limited by shares, registered in England and Wales, registration number 14214291. The registered office is Unit 6 Mandale Wharf, Boathouse Court, Stockton-On-Tees, TS18 3FA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
+Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
33% Straight Line
Other intangible assets are amortised to profit and loss account over its estimated economic life of 10 years.
4
Intangible fixed assets
Other
Charge for the year
13,475
Southern Asset Management Limited
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
100,438
145,230
11,404
12,258
269,330
Additions
39,144
65,258
-
3,672
108,074
At 31 July 2025
139,582
210,488
11,404
15,930
377,404
At 1 August 2024
27,394
20,323
1,829
5,350
54,896
Charge for the year
24,459
37,789
1,709
4,896
68,853
At 31 July 2025
51,853
58,112
3,538
10,246
123,749
At 31 July 2025
87,729
152,376
7,866
5,684
253,655
At 31 July 2024
73,044
124,907
9,575
6,908
214,434
Amounts falling due within one year
Trade debtors
74,027
103,009
Accrued income and prepayments
4,583
-
Other debtors
71,455
17,385
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
196,270
138,284
Obligations under finance leases and hire purchase contracts
32,905
16,577
Trade creditors
10,162
6,505
Taxes and social security
121,862
108,141
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
234,249
178,777
Obligations under finance leases and hire purchase contracts
90,631
32,137
9
Average number of employees
During the year the average number of employees was 14 (2024: 12).