Southend Cottage Limited - Accounts

SOUTHEND COTTAGE LIMITED - Company Information

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Registered Number: 09317231

England and Wales

SOUTHEND COTTAGE LIMITED

Abridged Accounts

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

Southend Cottage Limited
Contents Page
For the year ended 30 November 2022

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Southend Cottage Limited Accountants' Report For the year ended 30 November 2022
Accountants report You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. .................................................... RCi Chartered Accountants and Business Advisors Windsor House 9-15 Adelaide Street Luton LU1 5BJ 12 October 2023 1

Southend Cottage Limited
Accountants' Report
For the year ended 30 November 2022

Accountants report

You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

....................................................
RCi Chartered Accountants and Business Advisors
Windsor House
9-15 Adelaide Street
Luton
LU1 5BJ
12 October 2023

Southend Cottage Limited
Statement of Financial Position
As at 30 November 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	41,138	45,810
		41,138	45,810
Current assets
Stocks		4,235	3,781
Debtors		17,500	0
Cash at bank and in hand		(396)	4,081
		21,339	7,862
Creditors: amount falling due within one year		(8,697)	(19,714)
Net current assets		12,642	(11,852)

Total assets less current liabilities		53,780	33,958
Creditors: amount falling due after more than one year		(48,141)	(20,035)
Net assets		5,639	13,923

Capital and reserves
Called up share capital	4	200	200
Profit and loss account		5,439	13,723
Shareholder's funds		5,639	13,923

For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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

The financial statements were approved by the director on 12 October 2023 and were signed by:

-------------------------------
SHAMSULl HAQ CHOWDHURY
Director

Southend Cottage Limited
Notes to the Abridged Financial Statements
For the year ended 30 November 2022

General Information

Southend Cottage Limited is a private company, limited by shares, registered in England and Wales, registration number 09317231, registration address 138 The Broadway, Southend-on-sea, Essex, SS1 3ES.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Type of Grant		Total £
Covid Grant		10,428
Council BC Grant		15,296
HMRC JRS Grant		30,235
HMRC Credit		3,961
		59,920

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	10 Reducing Balance
Fixtures and Fittings	10 Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 7 (2021 : 9).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£
At 01 December 2021	4,000	85,209	89,209
Additions	-	-	-
Disposals	-	-	-
At 30 November 2022	4,000	85,209	89,209
Depreciation
At 01 December 2021	3,091	40,308	43,399
Charge for year	182	4,490	4,672
On disposals	-	-	-
At 30 November 2022	3,273	44,798	48,071
Net book values
Closing balance as at 30 November 2022	727	40,411	41,138
Opening balance as at 01 December 2021	909	44,901	45,810

Share Capital

Authorised
200 Class A shares of £1.00 each

Allotted, called up and fully paid	2022 £		2021 £
200 Class A shares of £1.00 each	200		200
	200		200