Southern It Networks Limited in Bexhill-on-sea, TN40 1HE

Description

Data updated on: 01-11-2023

Southern It Networks started its operations in the year 2003 as a Private Limited Company under the following Company Registration No.: 04762610. The firm has been operating for twenty one years and the present status is active. This firm's office is based in Bexhill-on-sea at 20-22 Eversley Road. You can also find this business by its post code, TN40 1HE. Launched as Southern It Services, it used the name up till 2003, the year it got changed to Southern It Networks Limited. The firm's Standard Industrial Classification Code is 62090 and has the NACE code: Other information technology service activities. Southern It Networks Ltd released its account information for the financial period up to 2022-05-31. The company's most recent annual confirmation statement was filed on 2023-05-13.

Our information regarding this particular company's management suggests there are two directors: Ian W. and Michael F. who joined the team on 1st March 2017 and 1st July 2004.

Previous company's names
Southern It Networks Limited 2003-09-23
Southern It Services Limited 2003-05-13

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-05-31	2013-05-31	2014-05-31	2015-05-31	2016-05-31	2017-05-31	2018-05-31	2019-05-31	2020-05-31	2021-05-31	2022-05-31	2023-05-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	16 033	12 005	20 508	9 020	5 508

Balance Sheet
Cash Bank In Hand	23 145	40 007	65 219	36 000	38 500
Cash Bank On Hand					38 500	28 786	57 881	39 675	98 264	173 890	176 564	170 410
Current Assets	62 648	74 259	81 586	56 668	55 264	58 343	90 663	75 534	136 258	227 319	214 101	195 763
Debtors	37 503	31 752	14 867	18 668	14 764	27 557	30 782	33 859	35 994	51 429	29 157	18 353
Net Assets Liabilities					5 508	20 755	-10 290	-40 312	15 501	39 600	60 099	2 391
Net Assets Liabilities Including Pension Asset Liability	16 033	12 005	20 508	9 020	5 508
Other Debtors						9 000	13 000	13 000	13 897	14 575	15 147	13 470
Property Plant Equipment					3 813	7 903	4 329	1 639	4 306	4 312	3 437
Stocks Inventory	2 000	2 500	1 500	2 000	2 000
Tangible Fixed Assets	3 590	2 307	2 761	1 128	3 813
Total Inventories					2 000	2 000	2 000	2 000	2 000	2 000	8 380	7 000

Capital & Reserves
Called Up Share Capital	1	1	100	100	100
Profit Loss Account Reserve	16 031	12 003	20 117	8 629	5 117
Shareholder Funds	16 033	12 005	20 508	9 020	5 508

Other Financial Data
Amount Specific Advance Or Credit Directors								2 250				8 844
Amount Specific Advance Or Credit Made In Period Directors								6 750				8 844
Amount Specific Advance Or Credit Repaid In Period Directors								4 500	2 250
Accumulated Depreciation Impairment Property Plant Equipment					27 224	32 064	37 478	41 562	44 515	45 843	50 029	54 859
Average Number Employees During Period						4	4	5	5	5	7	6
Bank Borrowings Overdrafts										44 888	40 273	35 010
Capital Redemption Reserve	1	1	1	1	1
Consideration Received For Shares Issued Specific Share Issue						2 000
Corporation Tax Payable					5 166	11 537			15 072
Corporation Tax Recoverable							3 173
Creditors					10 323	44 147	53 499	40 330	25 934	55 084	40 273	35 010
Creditors Due After One Year	19 215	20 412	20 323	10 323	10 323
Creditors Due Within One Year	30 648	43 996	43 217	38 435	42 653
Finished Goods					2 000	2 000	2 000	2 000
Future Minimum Lease Payments Under Non-cancellable Operating Leases						11 953	10 379	10 379	7 784	7 458	11 237	2 834
Increase From Depreciation Charge For Year Property Plant Equipment						4 840	5 414	4 084	2 953	3 507	4 186	4 830
Net Current Assets Liabilities	32 000	30 263	38 369	18 233	12 611	14 196	39 616	-1 621	37 947	91 191	97 846	32 722
Nominal Value Shares Issued Specific Share Issue						1
Number Shares Allotted		1		10	10
Number Shares Issued Fully Paid						90	90	90	90	90	90	90
Number Shares Issued Specific Share Issue						80
Other Creditors					5 439	7 729	11 777	16 266	25 934	10 196	24 550	38 270
Other Remaining Borrowings							40 330	13 169	14 396
Other Taxation Social Security Payable					885	649	317	1 341	47 961	50 984	45 920	63 684
Par Value Share		1		1	1	1	1	1	1	1	1	1
Prepayments					2 858	2 108	4 128	817	897
Property Plant Equipment Gross Cost					31 037	39 967	41 807	43 201	48 821	50 155	53 466	61 098
Provisions For Liabilities Balance Sheet Subtotal					593	1 344	736		818	819	911	1 560
Provisions For Liabilities Charges	342	153	299	18	593
Share Capital Allotted Called Up Paid	1	1	10	10	10
Share Premium Account			290	290	290
Tangible Fixed Assets Additions		2 126			5 335
Tangible Fixed Assets Cost Or Valuation	21 098	23 224	25 702	25 702	31 037
Tangible Fixed Assets Depreciation	17 508	20 917	22 941	24 574	27 224
Tangible Fixed Assets Depreciation Charged In Period		3 409		1 633	2 650
Total Additions Including From Business Combinations Property Plant Equipment						8 930	1 840	1 394	5 620	3 584	3 311	7 632
Total Assets Less Current Liabilities	35 590	32 570	41 130	19 361	16 424	22 099	43 945	18	42 253	95 503	101 283	38 961
Trade Creditors Trade Payables					15 534	12 434	16 743	28 346	22 248	47 020	40 652	55 824
Trade Debtors Trade Receivables					11 906	16 449	10 481	13 710	22 097	36 854	14 010	4 883
Disposals Decrease In Depreciation Impairment Property Plant Equipment										2 179
Disposals Property Plant Equipment										2 250