Southern Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03246705

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Southern Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

C P Barrow

R J Grievson

R J Nevill

P H Waters

Registered office:

Ship House

35 Battersea Square

London

SW11 3RA

Registered number:

03246705

Accountants:

FUSE Accountants LLP

Manger House

62a Highgate High Street

London

N6 5HX

Fixed assets

Tangible assets

2

1,717

5,538

Investments

3

377

2,094

5,915

Current assets

Debtors

1,664,608

1,675,593

Cash at bank and in hand

20,611

66,400

1,685,219

1,741,993

Creditors

Amounts falling due within one year

375,012

400,466

Net current assets

1,310,207

1,341,527

Total assets less current liabilities

1,312,301

1,347,442

Capital and reserves

Called up share capital

4

1,200

Profit and loss account

1,311,101

1,346,242

Shareholders' funds

1,312,301

1,347,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 January 2017 and were signed on its
behalf by:

R J Grievson - Director

1.	Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost and 20% on cost

Motor vehicles

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	Tangible fixed assets

Total

£

Cost

At 1 May 2015

80,624

Additions

2,146

Disposals

(15,195

)

At 30 April 2016

67,575

Depreciation

At 1 May 2015

75,086

Charge for year

5,704

Eliminated on disposal

(14,932

)

At 30 April 2016

65,858

Net book value

At 30 April 2016

1,717

At 30 April 2015

5,538

3.	Fixed asset investments

Investment

other

than

loans

£

Cost

At 1 May 2015

and 30 April 2016

377

Net book value

At 30 April 2016

377

At 30 April 2015

377

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,200

Ordinary

£1

1,200