SOUTHERN COMMUNICATIONS LIMITED - Annual Accounts

Form: AA - Annual Accounts

ACCOUNTS FOR 'MEDIUM' CO. MADE UP TO 31/03/11

Filed on: 29 Dec 2011

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Regrstrauon number ########
Southern Communrcations Limited
D#rectors‘ Report and Abbrevrated Frnancxal Statements
for the Year Ended ## March ####
IIIIIIUIIIIIIIIUIIINIIIIIlllllllillllwlllllll
AooNAN#i°
A## ##/##/#### ####
convivialities House

Southern Communications Limited
Contents
Company information ....._.. _.______ #
Directors' Report __..,.....__,_____ _ .___ __ ,___._____ ___ _______, # to #
Statement of Directors' Responsibilities ____.____ __.`_ _ #
Independent Auditors' Report._ ._ _______ _ ______, _ ..... ._ ___________ #
Abbrevrated Profit and Loss Account _,___ __ _ _____,___ _ ____ ____________ ___ .___ __ ___, #
Abbrevrated Balance Sheet __ _ _ ____ #
Cash Flow Statement _ __ __.. ._ ._ _ # to #
Notes to the Frnanclal Statements., ._ _ ## to ##

Southern Communications Limited
Company information
Directors Mr P Bradford
Mr A Moody
Mr J Mitchell
Mr J Wllson
Mr D Phlllrps
Mrs K Phlllrps
Mr A Robinson
Company secretary Mr J Wllson
Registered office Giebe Farm
Down Street
Dummer
Basmgstoke
RG## #AD
Auditors inspire Audit Ltd
# St Floor
## Commercial Road
Poole
Dorset
BH## OHU
Page #

Southern Communications Limited
Directors' Report for the Year Ended ## March ####
The directors present their report and the abbreviated financial statements for the year ended ## March ####
Principal activity
The principal activity of the company is the provision of communications services (line rental, call charges,
broadband, mobile solutions) and the supply, installation and service of telephone systems to business
customers in the United Kingdom
Directors of the company
The directors who held office dung the year were as follows
Mr P Bradford
Mr A Moody
Mr J Mrtchell
Mr J Wilson
Mr D Phrlllps
Mrs K Phlllrps (appointed ## September ####)
Mr A Robrnson (appointed ## September ####)
Business Review
The board of directors are once again pleased with this year’s results, which has been a year of consolidation
and a steady trading performance against an ongoing difficult business climate
Southern Communrcatrons Llmrted has continued to invest in staff at all levels in support of its proven business
model of organic growth with cross selling to its own direct customers This has continued dung the year
Flnanclal Highlights
Gross profit margin has been maintained at ###,###,### (#### - £#,###,###) and ##% (#### - ##%) respectively
In an exceptionally competitive market
Our cash at bank and in hand has increased to £###,### (#### - £###,###) due to improved credit control
Operational Highlights
In difficult economic conditions we are delighted to have maintained and slightly increased the number of
customers on Drrect Debtt to ##% (#### - ##% and #### - ##%)
The business is cash generative with informal bank borrowings
Strategy @ Ob electives
Our objective has always been simple We want to become the preferred telecom solution provider for SME
businesses In Southern England and ultimately the UK, backed up by leading customer service
To marital oUr positron in the market we will constantly develop new products and den/:sec and invest heavily to
further enhance our growth
Principal YISKS # uncertainness
The principal risks and uncertainness facing the company are the ongoing economic downturn and increasable
once sensitivity wrthrn the calls and lines market leading to an extremely competitive industry sector Despite
these factors, the company continues to be profitable and expand
Page #

Southern Communications Lrmrted
Directors' Report for the Year Ended ## March ####
continued
Drvrdends
Particulars of dividends paid are detailed in Note # to the financial statements
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of
any relevant audit informational and to establish that the company's auditors are aware of that informational The
directors confirm that there is no relevant information that they know of and which they know the auditors are
unaware of
Approved by the Board \ “ and signed on its behalf by
Mr P Bra ford
Drrector
Page #

Southern Communications Limited
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with
applicable law and regulations
Company law requires the directors to prepare financial statements for each financial year Under that law the
directors have elected to prepare the financial statements in accordance with Unlfed Kingdom Generally
Accepted Accounting Practice (Unrted Kingdom Accounting Standards and applicable law) Under company law
the directors must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the company and of the profit or loss of the company for that period In preparing
these financial statements, the directors are required to
~ select suitable accounting policies and apply them consistently,
- make judgements and accounting estimates that are reasonable and prudent, and
~ prepare the financial statements on the going concern basis unless rt is inappropriate to presume that the
company will continue in business
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial postilion of the company
and enable them to ensure that the Gnancral statements comply with the Companies Act #### They are also
responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of
any relevant audit information and to establish that the company's auditors are aware of that information The
directors confirm that there is no relevant information that they know of and which they know the auditors are
unaware of
Page #

Independent Auditor's Report to Southern Communications Limited
Under section ### of the Companies Act ####
We have examined the abbreviated accounts set out on pages # to ## together with the financial statements of
Southern Communications Lrmlted for the year ended ## March #### prepared under section ### of the
Companies Act ####
This report is made solely to the company, in accordance with Section ### of the Companies Act #### Our audit
work has been undertaken so that we might state to the company those matters we are required to state to them
in an auditor’s report and for no other purpose To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company, for our audit work, for this report, or for the opinions we
have formed
Respective responsibilities of directors and auditors
The directors are responsible for preparing the abbreviated accounts in accordance with section ### of the
Companies Act #### it is our responsibility to form an independent opinion as to whether the company is entitled
to deliver abbreviated accounts to the Registrar of Companies and whether the abbreviated accounts have been
properly prepared in accordance with the regulations made under that section and to report our cornrow to you
Basis of opinion
We conducted our work in accordance with Bulletin ####/# issued by the Auditing Practices Board in
accordance with that Bulletin we have carried out the procedures we consider necessary to confirm, by reference
to the financial statements, that the company is entitled to deliver abbreviated accounts and that the abbreviated
accounts are properly prepared
Opinion
In our opinion the company is entitled to deliver abbreviated accounts prepared in accordance with section ###(#)
of the Companies Act ####, and the abbreviated accounts have been properly prepared in accordance with the
regulations made under that section
[Asp is Attache Linired
Mrs Lynne Bulstrode (Senior Statutory Auditor)
For and on behalf of Inspire Audit Ltd
Statutory Auditors
#St Floor
## Commercial Road
Poole
Dorset
BH## OHU
Date ZQ. i)_ ADH
Page#

Southern Communications Limited
Abbrevrated Profit and Loss Account for the Year Ended ## March ####
#### ####
Note E E
Turnover #,###,### #,###,###
Gross profit #,###,### #,###,###
Administrative expenses (#,###,###) (#,###,###)
Operating profit # ###,### ###,###
Other Interest receivable and similar income # #,### #,###
interest payable and similar charges (#,###) (#,###)
Proht on ordinary activities before taxation ###,### ###,###
Tax on profit on ordinary activities # (###,###) (###,###)
Profit for the financial year ## ###,### ###,###
Turnover and operating profit derive wholly from continuing operations
The company has no recognised gains or losses for the year other than the results above
The notes on pages ## to ## form an integral part of these financial statements
Page #

Southern Communications Limited (Registration number' ########)
Abbrevrated Balance Sheet at ## March ####
#### ####
Note £ £ E £
Fixed assets
Tangible fixed assets # ###,### ###,###
Investments ## #,### #,###
###,### ###,###
Current assets
Stocks ## ###,### ###,###
Debtors ## #,###,### #,###,###
Cash at bank and in hand ###,### ###,###
#,###,### #,###,###
Creditors Amounts falling due
within one year (# ,###,###) (# ,###,###)
Net current assets ###,### ###,###
Total assets less current liabilities ###,### ###,###
Creditors Amounts falling due
after more than one year (##,###) (##,###)
Provisions for millilitres ## (##,###) (#,###)
Net assets ###,### ###,###
Capital and reserves
Called up share capital ## ### ###
Profit and loss account ## ###,### ###,###
Shareholders’ funds ## ###,### ###,###
The abbreviated accounts have been prepared in accordance with the special provisions of the Companies Act
#### relating to medium-sized companies
Mr P ad for
Approved and auto for issue by the Board on \"f']\#’/\i and signed on its behalf by
Drrector
The notes on pages ## to ## form an integral part of these flt#l'l Cl#i statements
Page #

Southern Communications Limited
Cash Flow Statement for the Year Ended ## March ####
#### ####
Note £ E
Reconciliation of operating profit to net cash flow
from operating actresses
Operating profit ###,### ###,###
Depreciation, amortised and impairment charges ##,### ##,###
Profit on disposal of Gxed assets (#,###) -
Decrease in stocks ##,### ##,###
Decrease/(increase) in debtors ##,### (###,###)
Increase in creditors ##,### ###,###
Management charges payable ###,### ###,###
Net cash cornfieid from operating activities #,###,### #,###,###
Returns on Investments and servicing of finance
Interest received #,### #,###
HP and finance lease interest (#,###) (#,###)
Interest paid (#,###) (###)
(#,###) #,###
Taxation paid (###,###) (###,###)
Capital expenditure and financial investment
Purchase of tangible fixed assets (##,###) (##,###)
Sale of tangible fixed assets #,### -
(##,###) (##,###)
Equity dividends paid (###,###) (###,###)
Net cash inflow before management of liquid resources
and financing ###,### ###,###
Financing
Repayment of loans and borrowings (##,###) #,###
Repayment of capital element of finance leases and HP
contracts (##,###) (##,###)
Amounts introduced by directors ###,### (###,###)
Amounts withdrawn by directors (##,###) -
Amounts withdrawn by group undertakings (###,###) (###,###)
(###,###) (###,###)
Increase/(decrease) in cash ## ###,### (##,###)
The notes on pages ## to ## form an integral part of these financial statements
Page #

Southern Communications Limited
Cash Flow Statement for the Year Ended ## March ####
continued
Reconciliation of net cash flow to movement in net debt
Increase/(decrease) in cash
Cash outflow from repayment of loans
Cash outflow from repayment of capital element of
finance leases and hire purchase contracts
Change in net debt resulting from cash flows
New Gnance leases
Movement in net debt
Net funds at # April
Net funds at ## March
Note
##
##
##
##
####
£
###,###
##,###
##,###
###,###
(##,###)
###,###
#,###
###,###
The notes on pages ## to ## form an integral part of these financial statements
Page #
####
£
(##,###)
(#,###)
##,###
(##,###)
(##,###)
(###,###)
###,###
#,###

Southern Communications Llmlted
Notes to the Financial Statements for the Year Ended ## March ####
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to
customers
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows
Leasehold improvements in accordance with the property lease
Plant and machinery ##% on cost
Motor vehicles ##% on cost
Demo equipment at varying rates on cost
Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value
Stocks, work in progress and long-term contracts
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving
stocks Net realisable value is based on selling once less anticipated costs to completion and selling costs
Deferred tax
Deferred tax is recognised, without discounting, in respect of all tiiming differences between the treatment of
certain totems for taxation and accounting purposes, which have arisen but not reversed by the balance sheet
date
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are
expected to reverse, based on the tax rates and law enacted at the balance sheet date
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over
the lease term
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of
the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are
depreciated over the shorter of the lease term and their useful lives The capital elements of future obligations
under the leases are included as liabilities in the balance sheet The interest element of the rental obligation is
charged to the profit and loss account over the period of the lease and represents a constant proportion of the
balance of capital repayments outstanding Assets held under hire purchase agreements are capitalised as
tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives The capital
element of future finance payments is included within creditors Finance charges are allocated to accounting
periods over the length of the contract and represent a constant proportion of the balance of capital repayments
outstanding
Page ##

Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as financial assets, financial trisyllable or equity Instruments An equity Instrument is any contract
that evidences a residual interest in the assets of the company after deducting all of its kohlrabies Where shares
are issued, any component that creates a financial tolerably of the company is presented as a liability in the
balance sheet The corresponding dividends relating to the trisyllable component are charged as interest expense in
the profit and loss account
Operating profit
Operating profit is stated after charging
Operating leases - plant and machinery
Operating leases - other assets
Auditors' remuneration
Auditors' remuneration - non audit work
Profit on sale of tangible Hxed assets
Depreciation of owned assets
Depreciation of assets held under finance lease and hire purchase contracts
Particulars of employees
The average number of persons employed by the company (include drrectors) during the year,
category was as follows
New equipment and Installation
Calls and lines
Maintenance
Mobile and broadband
General
The aggregate payroll costs were as follows
Wages and salaries
Social security costs
Page ##
#### ####
£ £
##,### ##,###
###,### ###,###
#,### #,###
### #,###
(#,###) -
##,### ##,###
##,### ##,###
analysed by
#### ####
No No
## ##
## ##
# #
# #
# #
## ##
#### ####
£ £
#,###,### #,###,###
###,### ###,###
#,###,### #,###,###

Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
DII‘€Cf#l’$' i'€l#Ui'\€I‘#t#l'l
The directors' remuneration for the year was as follows
####
£
Remuneration -
Other interest receivable and similar income
####
£
Bank interest receivable ###
Other Interest receivable #,###
#,###
Interest payable and similar charges
####
£
Interest on bank borrowings #,###
Other interest payable -
Finance charges #,###
#,###
Page ##
####
£
####
E
###
#,###
#,###
####
E
###
#,###
#,###

Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Taxation
Tax on profit on ordinary actresses
### # ####
£ £
Current tax
Corporation tax charge ###,### ###,###
Deferred tax
Orrgrnatron and reversal of trimming differences #,### ##,###
Total tax on profit on ordinary activities ###,### ###,###
Factors affecting current tax charge for the year
Tax on profit on ordinary actresses for the year is higher than (#### » higher than) the standard rate of corporation
tax in the UK of ##% (#### - ##%)
The differences are reconciled below
####
£
Profit on ordinary actresses bbefore taxation ###,###
Corporation tax at standard rate ###,###
Accelerated capital allowances (#,###)
Expenses not deductible for tax purposes ##,###
Adjustment to tax charge in respect of previous periods -
Marginal relief ad)dustmen (#,###)
Total current tax ###,###
Drvrdends
####
£
Current year Monterrey dividend paid ###,###
####
£
###,###
###,###
(#,###)
##,###
(#,###)
(#,###)
###,###
####
£
###,###
Interim dividends per share were paid as follows £## ## - ##/##/####, £## ## - ##/##/####, £## ## - ##/##/####,
£## ## - ##/##/####, £## ## - ##/##/####, £## O# - ##/##/####, £## ## -##/O#/#### and £## ## » ##/##/####
Page ##

Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Tangible fixed assets
Cost or valuation
At# Apnl ####
Additions
Disposals
At ## March ####
Depreciation
At # Apnl ####
Charge for the year
Eltmrnated on
disposals
At ## March ####
Net book value
At ## March ####
At ## March ####
Finance lease assets
Leasehold Demo Plant and Motor
Improvements equipment machinery vehicles Total
E £ £ £ £
###,### #,### ###,### ###,### ###,###
##,### - ##,### #,### ##,###
- - » (##,###) (##,###)
###,### #,### ###,### ##,### ###,###
##,### #,### ###,### ##,### ###,###
##,### #,### ##,### ##,### ##,###
» - - (##,###) (##,###)
##,### #,### ###,### ##,### ###,###
##,### #,### ###,### ##,### ###,###
##,### #,### ###,### ##,### ###,###
Included within the net book value of tangible fixed assets is £##,### (#### - £##,###) in respect of assets held
under finance lease agreements Depreciation for the year on these assets was £##,### (#### - £##,###)
Page ##

#
##
Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Investments held as fixed assets
Other investments
Other investments
Cost
At # Apnl ####
At ## March ####
Net book value
At ## March ####
At ## March ####
Stocks
Stocks
Page ##
####
£
#,###
Unlisted
investments
£
#,###
#,###
#,###
#,###
####
E
###,###
####
£
#,###
Total
£
#,###
#,###
#,###
#,###
####
E
###,###

#
Southern Communications Lrmited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Debtors
#### ####
£ £
Trade debtors ###,### ###,###
Amounts owed by group undertakings ###,### ###,###
Other debtors ##,### ##,###
Directors' current accounts #,### ###,###
Prepayments and accrued income ###,### ###,###
#,###,### #,###,###
Debtors includes £#,### (#### - £#,###) receivable after more than one year
This can be analysed as follows
#### ####
£ £
Other debtors #,### #,###
#,### #,###
Page ##

Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
# Creditors Amounts falling due within one year
Trade creditors
Bank loans and overdrafts
Obligations under finance lease and hire purchase contracts
Corporation tax
Other taxes and social security
Other creditors
Accruals and deferred income
####
E
###,###
##,###
##,###
###,###
###,###
###,###
###,###
#,###,###
####
£
###,###
##,###
##,###
###,###
###,###
###,###
###,###
#,###,###
Creditors amounts falling due within one year includes the following deliverables, on which security has been given
by the company
Bank overdrafts
Bank loans
Oblrgatlons under finance leases and hire purchase contracts
Page ##
####
£
##,###
##,###
##,###
####
£
##,###
##,###
##,###
##,###

#
#
Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Creditors Amounts falling due after more than one year
####
£
Bank loans and overdrafts ##,###
Obligations under finance lease and hire purchase contracts ##,###
##,###
Creditors amounts falling due after more than one year includes the following Ilabrlltres, on
been given by the company
####
£
Bank loans ##,###
Obligations under finance leases and hire purchase contracts ##,###
##,###
Obligations under finance leases and HP contracts
Amounts repayable
####
£
In one year or less on demand ##,###
Between one and two years ##,###
##,###
Secured creditors
The secured creditors detailed in notes ## and ## are secured as follows
####
E
##,###
##,###
##,###
which
security has
####
£
##,###
##,###
##,###
####
£
##,###
##,###
##,###
Bank loans and overdrafts are secured by way of a fixed and floating charge over the assets of the business An
unlimited cross charge exists between Southern Communications Limited and Southern Business Technologies
Limited
Amounts owed under finance leases and hire purchase contracts are secured against the assets to which they
relate
Page is

##
##
Southern Communications Lrmrted
Notes to the Financial Statements for the Year Ended ## March ####
corrugated
Provisions
Deferred tax Total
£ E
At # Apnl #### #,### #,###
Charged to the profit and loss account #,### #,###
At ## March #### ##,### ##,###
Analysis of deferred tax
#### ####
£ £
Difference between accumulated depreciation and amortised and capital
allowances ##,### #,###
##,### #,###
Share capital
Allotted, called up and fully paid shares
#### ####
No £ No £
Ordinary shares of £# each ### ### ### ###
Page ##

#
#
#
Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Reserves
At # Apnl ####
Profit for the year
Dividends
At ## March ####
Reconciliation of movement In shareholders' funds
Profit attributable to the members of the company
Dividends
Net addition to shareholders' funds
Shareholders' funds at # Apnl
Shareholders' funds at ## March
Commitments
Operating lease commitments
Profit and
loss account
£
###,###
###,###
(###,###)
###,###
####
E
###,###
(###,###)
##,###
###,###
###,###
As at ## March #### the company had annual commitments under non-cancellate ooperating
Operating leases which expire
Land and buildings
Wrthrn two and rive years
Over five years
Other
Within one year
Within two and Eve years
Page ##
####
£
##,###
##,###
###,###
##,###
###,###
###,###
Total
£
###,###
###,###
(###,###)
###,###
####
£
###,###
(###,###)
##,###
###,###
###,###
leases as follows
####
£
##,###
##,###
###,###
##,###
###,###
###,###

Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
con trued
Analysis of net debt
Other
At # April #### Cash flow non-cash At ## March
£ £ changes ####
£ E
Cash at bank and in hand ###,### ###,### ###,###
Bank overdraft (##,###) ##,### -
###,### ###,### ###,###
Debt due Wllhln one year (##,###) ### (##,###)
Debt due after more than one year (##,###) ##,### - (##,###)
Finance leases and hire purchase
contracts (##,###) ##,### (##,###) (##,###)
Net funds #,### ###,### (##,###) ###,###
Major non-cash transactions
During the year the company entered into hire purchase agreements in respect of assets with a total capital value
at the inception of the leases of £##,### (#### - £##,###)
Page ##

Southern Communications Lrmrted
Notes to the Financial Statements for the Year Ended ## March ####
continued
Related party transactions
Other related party transactions
During the year the company made the following related party transactions
Mr P Bradford
(Director of the company)
During the year, a total of £#,### was repaid by Mr P Bradford in respect of his directors loan account At the
balance sheet date the total amount due (to)/from Mr P Bradford was £nil (#### - £#,###)
Mr A Moody
(Drrector of the company)
During the year, a total of £##,### was repaid by Mr A Moody in respect of his directors loan account Interest of
£#,### was charged to the account during the year At the balance sheet date the total amount due (to)/from Mr
A Moody was £nil (#### - £##,###)
Mr D Phillips
(Drrector of the company)
During the year, a total of £##,### was repaid by Mr D Phillips in respect of his directors loan account Interest of
£#,### was charged to the account during the year At the balance sheet date the total amount due (to)/from Mr
D Phrllrps was £nil (#### - £##,###)
Mr J Wilson
(Director of the company)
During the year, a total of £##,### was advanced to and a total of £##,### was repaid by Mr J Wilson in respect
of his directors Ioan account No Interest was charged to the account during the year At the balance sheet date
the total amount due from/(to) Mr J Wilson was £#,### (#### ~ £nil)
Directors Ioan accounts
For the year ended ## March ####, interest was charged on the directors Ioan account balances (detailed above)
over £#,### at a rate of# ##% per annum
Personal guarantees
Personal guarantees amounting to £##,### have been given by the directors of the company
Southern Business Technologies Llmrted
(Ultimate parent company)
The company made sales of £##,### and purchased services totalling £#,### during the year from Southern
Business Technologies Lrmrted Included wrthrn trade debtors is the amount due from Southern Business
Technologies Limited of £nil (#### - £#,###) and within trade creditors is the amount due to Southern Business
Technologies Limited of £nil (#### - £nil)
Also, during the year, the company received transfers from Southern Business Technologres Lrmlted of £###,###
and made transfers to Southern Business Technologies Limited of £###,###
Southern Business Technologies Lrmrted also raised management charges to the company during the year
totalling £###,### (#### - £###,###)
At the balance sheet date the total amount due from Southern Business Technologies Lrmrted was £###,###
(#### - £###,###)
Page ##

#
Southern Communications Limited
Notes to the Financial Statements for the Year Ended ## March ####
continued
Southern Data Limited
(Fixed asset investment of the company)
The company purchased seances totalling £#,### during the year from Southern Data Lrmrted Included within
trade debtors is the amount due from Southern Data Limited of £nroff (#### - £###) and wrthrn trade creditors is the
amount due to Southern Data Limited of £#,# ## (#### - £#,###)
in addition, during the year the company advanced £#,### to Southern Data Limited Included wrthrn 'other
debtors' is the amount due from Southern Data Limited of £#,### (#### - £###)
At the balance sheet date the total amount due from/(to) Southern Data Limited was £#,### (#### < (£#,###)
Southern Communications Networks Limited
(Directors and shareholders in common)
On # December #### Southern Communications Networks Lrmrted was purchased by Talk Talk Telecom Group
PLC Prior to this date, the company had directors and shareholders in common with Southern Communications
Networks Limited During the year, until # December ####, the company had inter-company receipts of
##,###,### (#### - £###,###) and made payments of £#,###,### (#### - £###,###) to Southern
Communications Networks Lrmrted In addition, throughout the whole year wrthrn trade debtors, there were sales
invoices raised of £# ,###,### and sales receipts of£#,###,###
At the balance sheet date the total amount due from Southern Communications Networks Limited was £##,###
(#### - £##,###)
Control
The company is controlled by Southern Business Technologies Lrmrted , a company registered in England and
Wales
Consolidated financial statements are prepared by the ultimate parent company
The ultimate controlling party is Mr P Bradford by virtue of his majority shareholding in the ultimate parent
company Southern Business Technologies Lrmrted
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