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REGISTERED NUMBER: 04020467 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOMA SERVICES LIMITED

SOMA SERVICES LIMITED (REGISTERED NUMBER: 04020467)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOMA SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: R Hunt
Mrs F M Hunt
R A Hunt





SECRETARY: Kenilworth Trading Limited





REGISTERED OFFICE: Bank Gallery
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 04020467 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

SOMA SERVICES LIMITED (REGISTERED NUMBER: 04020467)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,953 7,350
Investments 5 227,066 227,066
248,019 234,416

CURRENT ASSETS
Stocks 2,500 1,500
Debtors 6 395,966 237,117
Cash at bank 218,214 488,533
616,680 727,150
CREDITORS
Amounts falling due within one year 7 116,292 112,308
NET CURRENT ASSETS 500,388 614,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,407

849,258

PROVISIONS FOR LIABILITIES 3,982 1,397
NET ASSETS 744,425 847,861

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 744,325 847,761
SHAREHOLDERS' FUNDS 744,425 847,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

SOMA SERVICES LIMITED (REGISTERED NUMBER: 04020467)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





R Hunt - Director


SOMA SERVICES LIMITED (REGISTERED NUMBER: 04020467)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Soma Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SOMA SERVICES LIMITED (REGISTERED NUMBER: 04020467)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2022 4,501 26,785 31,286
Additions 1,415 26,730 28,145
At 31 March 2023 5,916 53,515 59,431
DEPRECIATION
At 1 April 2022 3,848 20,088 23,936
Charge for year 1,162 13,380 14,542
At 31 March 2023 5,010 33,468 38,478
NET BOOK VALUE
At 31 March 2023 906 20,047 20,953
At 31 March 2022 653 6,697 7,350

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 227,066
NET BOOK VALUE
At 31 March 2023 227,066
At 31 March 2022 227,066

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 166,838 20,246
Other debtors 229,128 216,871
395,966 237,117

SOMA SERVICES LIMITED (REGISTERED NUMBER: 04020467)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 84,360 72,967
Taxation and social security 27,150 36,254
Other creditors 4,782 3,087
116,292 112,308

8. RELATED PARTY DISCLOSURES

During the year G & G Pump Services Limited, which is owned by Soma Services Limited, of which Mr Richard Hunt and Mrs Fiona Hunt are directors, traded with Soma Services as follows:
2023 2022
£    nil £   
Purchases from G & G Pump Services Limited 274,903 267,195
Balance owing to G & G Pump Services Limited 36,238 29,999
Sales to G & G Pump Services Limited nil 612
Balance due from G & G Pump Services Limited nil 240

A loan of £175,000 (2022 £175,000) was due from Lake District Cottages Limited a company of which Mr Richard Hunt is the sole director and Mr Robert Hunt is a 50% shareholder.

A loan of £nil (2022 £25,000) was due from Ambleside Cottages Limited a company of which Mr Richard Hunt and Mrs Fiona Hunt are directors and shareholders.The loan was written off during the year.

During the year loans of £8,960 (2022 £nil) were made to Soma Control Systems Limited a company of which Mr Richard Hunt is a director and shareholder.The year end balance was £8,960 (2022 £nil)

During the year loans of £10,180 (2022 £nil) were made to the holding company Soma Group of Companies Limited.The year end balance was £10,180 (2022 £nil)

At 31 March 2023 other creditors includes loans made to the company by the directors of £977 (2022 £476). The loans are interest free and no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr Robert Hunt (Director).