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REGISTERED NUMBER: 07330620 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

SOG RESOURCES LIMITED

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOG RESOURCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: J S Lewis MBE





REGISTERED OFFICE: The Heath Business
and Technical Park
The Heath
Runcorn
Cheshire
WA7 4QF





REGISTERED NUMBER: 07330620 (England and Wales)





AUDITORS: John Kerr
Statutory Auditors
Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,923 35,044

CURRENT ASSETS
Stocks 11,120 9,639
Debtors 5 48,445 22,901
Cash at bank and in hand 467,513 225,881
527,078 258,421
CREDITORS
Amounts falling due within one year 6 450,728 275,311
NET CURRENT ASSETS/(LIABILITIES) 76,350 (16,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,273

18,154

PROVISIONS FOR LIABILITIES 2,687 3,398
NET ASSETS 102,586 14,756

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 102,585 14,755
SHAREHOLDERS' FUNDS 102,586 14,756

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





J S Lewis MBE - Director


SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

SOG Resources 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 - 10% to 33.33% on 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 Statement of Income and Retained Earnings, 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
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the Statement of Income in the period to which they relate.

Government grants
Government grants in relation to expenditure are credited to the Income Statement when the expenditure is charged to the Income Statement.

3. EMPLOYEES

The average number of employees during the year was 39 (2022 - 34 ) .

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 March 2022 145,680
Additions 4,200
At 28 February 2023 149,880
DEPRECIATION
At 1 March 2022 110,636
Charge for year 10,321
At 28 February 2023 120,957
NET BOOK VALUE
At 28 February 2023 28,923
At 28 February 2022 35,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 31,416 12,993
Amounts owed by group undertakings 122 207
Other debtors 16,907 9,701
48,445 22,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 233,722 24,283
Amounts owed to group undertakings 53,493 145,640
Taxation and social security 127,606 86,685
Other creditors 35,907 18,703
450,728 275,311

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Glover FCA (Senior Statutory Auditor)
for and on behalf of John Kerr

8. PARENT UNDERTAKING

SOG Limited, whose registered office is The Heath Business and Technical Park, The Heath, Runcorn, Cheshire WA7 4QF, is the parent undertaking.