Southcott Support Services Ltd

Southcott Support Services Ltd

SOUTHCOTT SUPPORT SERVICES LTD - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2020.12 06549885business:PrivateLimitedCompanyLtd2019-04-012020-03-31 065498852019-03-31 065498852019-04-012020-03-31 06549885business:AuditExemptWithAccountantsReport2019-04-012020-03-31 06549885business:FullAccounts2019-04-012020-03-31 065498852020-03-31 06549885business:Director12019-04-012020-03-31 06549885business:RegisteredOffice2019-04-012020-03-31 065498852019-03-31 06549885core:WithinOneYear2020-03-31 06549885core:WithinOneYear2019-03-31 06549885core:AfterOneYear2020-03-31 06549885core:AfterOneYear2019-03-31 06549885core:ShareCapital2020-03-31 06549885core:ShareCapital2019-03-31 06549885core:RetainedEarningsAccumulatedLosses2020-03-31 06549885core:RetainedEarningsAccumulatedLosses2019-03-31 06549885business:SmallEntities2019-04-012020-03-31 06549885countries:EnglandWales2019-04-012020-03-31 06549885core:LandBuildings2019-04-012020-03-31 06549885core:PlantMachinery2019-04-012020-03-31 06549885core:MotorVehicles2019-04-012020-03-31 06549885core:FurnitureFittings2019-04-012020-03-31 06549885core:ComputerEquipment2019-04-012020-03-31 06549885core:Goodwill2019-03-31 06549885core:Goodwill2020-03-31 06549885core:Goodwill2019-04-012020-03-31 06549885core:LandBuildings2019-03-31 06549885core:PlantMachinery2019-03-31 06549885core:MotorVehicles2019-03-31 06549885core:FurnitureFittings2019-03-31 06549885core:ComputerEquipment2019-03-31 06549885core:LandBuildings2020-03-31 06549885core:PlantMachinery2020-03-31 06549885core:MotorVehicles2020-03-31 06549885core:FurnitureFittings2020-03-31 06549885core:ComputerEquipment2020-03-31 06549885business:OrdinaryShareClass12019-04-012020-03-31 06549885business:OrdinaryShareClass12018-04-012019-03-31 065498852018-04-012019-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06549885 (England and Wales)
Southcott Support Services Ltd Unaudited accounts for the year ended 31 March 2020
Southcott Support Services Ltd Unaudited accounts Contents
Page
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Southcott Support Services Ltd Company Information for the year ended 31 March 2020
Director
Mrs S J Oke
Company Number
06549885 (England and Wales)
Registered Office
Burnbank Old Barnstaple Road Bideford Devon EX39 4ND
Accountants
JD Accountants (Barnstaple) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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Southcott Support Services Ltd Accountants' report
Accountants' report to the director of Southcott Support Services Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southcott Support Services Ltd for the year ended 31 March 2020 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Southcott Support Services Ltd, as a body, in accordance with the terms of our engagement letter dated 3 July 2018. Our work has been undertaken solely to prepare for your approval the accounts of Southcott Support Services Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southcott Support Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southcott Support Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Southcott Support Services Ltd. You consider that Southcott Support Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Southcott Support Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
JD Accountants (Barnstaple) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR 30 November 2020
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Southcott Support Services Ltd Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
15,000 
22,500 
Tangible assets
5
30,998 
15,876 
45,998 
38,376 
Current assets
Debtors
6
1,218 
1,218 
Cash at bank and in hand
95,807 
58,504 
97,025 
59,722 
Creditors: amounts falling due within one year
7
(18,470)
(6,434)
Net current assets
78,555 
53,288 
Total assets less current liabilities
124,553 
91,664 
Creditors: amounts falling due after more than one year
8
(12,938)
- 
Net assets
111,615 
91,664 
Capital and reserves
Called up share capital
9
1 
1 
Profit and loss account
111,614 
91,663 
Shareholders' funds
111,615 
91,664 
For the year ending 31 March 2020 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 her 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 November 2020 and were signed on its behalf by
Mrs S J Oke Director Company Registration No. 06549885
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Southcott Support Services Ltd Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
Southcott Support Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 06549885. The registered office is Burnbank, Old Barnstaple Road, Bideford, Devon, EX39 4ND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
15% on reducing balance
Plant & machinery
33% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2019
75,000 
At 31 March 2020
75,000 
Amortisation
At 1 April 2019
52,500 
Charge for the year
7,500 
At 31 March 2020
60,000 
Net book value
At 31 March 2020
15,000 
At 31 March 2019
22,500 
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Southcott Support Services Ltd Notes to the Accounts for the year ended 31 March 2020
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2019
13,000 
40,808 
11,745 
22,944 
3,830 
92,327 
Additions
- 
- 
19,000 
3,424 
1,556 
23,980 
At 31 March 2020
13,000 
40,808 
30,745 
26,368 
5,386 
116,307 
Depreciation
At 1 April 2019
7,121 
38,033 
9,944 
17,635 
3,718 
76,451 
Charge for the year
882 
916 
5,200 
1,310 
550 
8,858 
At 31 March 2020
8,003 
38,949 
15,144 
18,945 
4,268 
85,309 
Net book value
At 31 March 2020
4,997 
1,859 
15,601 
7,423 
1,118 
30,998 
At 31 March 2019
5,879 
2,775 
1,801 
5,309 
112 
15,876 
6
Debtors
2020 
2019 
£ 
£ 
Accrued income and prepayments
1,218 
1,218 
7
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,750 
- 
Taxes and social security
11,370 
2,804 
Loans from directors
355 
225 
Accruals
2,995 
3,405 
18,470 
6,434 
8
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
12,938 
- 
9
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Transactions with related parties
During the year the company paid rental totaling £66,600 (2018 £40,600) for property used by the company which is jointly owned by the director.
11
Average number of employees
During the year the average number of employees was 10 (2019: 7).
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