Company Registration No. 12450622 (England and Wales)
Southern Hydroacoustics Ltd
Unaudited accounts
for the year ended 28 February 2022
Southern Hydroacoustics Ltd
Unaudited accounts
Contents
Southern Hydroacoustics Ltd
Company Information
for the year ended 28 February 2022
Company Number
12450622 (England and Wales)
Registered Office
School Master's House
39 College Street
Petersfield
GU31 4AG
England
Accountants
Newnham & Son Ltd
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Southern Hydroacoustics Ltd
for the year ended 28 February 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Southern Hydroacoustics Ltd for the year ended 28 February 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Southern Hydroacoustics Ltd, as a body, in accordance with the terms of our engagement letter dated 7 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Southern Hydroacoustics Ltd and state those matters that we have agreed to state to the Board of Directors of Southern Hydroacoustics Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southern Hydroacoustics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Southern Hydroacoustics 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 Southern Hydroacoustics Ltd. You consider that Southern Hydroacoustics 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 Southern Hydroacoustics 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.
Newnham & Son Ltd
Member in Practice
School Master's House
39 College Street
Petersfield
Hampshire
GU31 4AG
5 April 2022
Southern Hydroacoustics Ltd
Statement of financial position
as at
28 February 2022
Tangible assets
1,735
3,037
Cash at bank and in hand
61,405
71,913
Creditors: amounts falling due within one year
(9,621)
(19,836)
Net current assets
62,824
52,077
Called up share capital
3
3
Profit and loss account
64,556
55,111
Shareholders' funds
64,559
55,114
For the year ending 28 February 2022 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 5 April 2022 and were signed on its behalf by
B Elliot
Director
Company Registration No. 12450622
Southern Hydroacoustics Ltd
Notes to the Accounts
for the year ended 28 February 2022
Southern Hydroacoustics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12450622. The registered office is School Master's House, 39 College Street, Petersfield, GU31 4AG, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
33% reduced balance
Computer equipment
33% reduced balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
1,877
1,618
3,495
Disposals
(2,210)
-
(2,210)
At 28 February 2022
119
2,524
2,643
At 1 March 2021
13
445
458
Charge for the year
577
429
1,006
On disposals
(556)
-
(556)
At 28 February 2022
34
874
908
At 28 February 2022
85
1,650
1,735
At 28 February 2021
1,864
1,173
3,037
Southern Hydroacoustics Ltd
Notes to the Accounts
for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
8,531
16,906
Loans from directors
1,016
309
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).