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REGISTERED NUMBER: 04483982 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

DORSET SOILS & AGGREGATES LTD

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Balance sheet 1

Notes to the financial statements 3


DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 515 4,135
Tangible assets 5 333,329 402,338
333,844 406,473

Current assets
Stocks 948,863 1,026,696
Debtors 6 561,681 778,931
Cash at bank and in hand 466,543 438,522
1,977,087 2,244,149
Creditors
Amounts falling due within one year 7 1,512,563 1,675,480
Net current assets 464,524 568,669
Total assets less current liabilities 798,368 975,142

Creditors
Amounts falling due after more than one year 8 (252,772 ) (447,924 )

Provisions for liabilities 11 (26,043 ) -
Net assets 519,553 527,218

Capital and reserves
Called up share capital 12 400 400
Retained earnings 519,153 526,818
Shareholders' funds 519,553 527,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

BALANCE SHEET - continued
30 JUNE 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr P Miller - Director


DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. Statutory information

Dorset Soils & Aggregates Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04483982. The registered office address is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is Unit 4, 13 Cobham Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7PE.

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 represents income received from the retail of aggregate materials net of VAT and trade discounts. Revenue is recognised when goods or services are received by the customer and the risks and rewards of ownership have passed to them.

Goodwill
Acquired goodwill is written off over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over 5 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 that have been enacted or substantively enacted by the balance sheet date.

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.

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 32 (2022 - 33 ) .

4. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 July 2022
and 30 June 2023 105,000 18,353 123,353
Amortisation
At 1 July 2022 105,000 14,218 119,218
Charge for year - 3,620 3,620
At 30 June 2023 105,000 17,838 122,838
Net book value
At 30 June 2023 - 515 515
At 30 June 2022 - 4,135 4,135

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 July 2022 81,167 154,625 45,689
Additions - - 33,717
Disposals - (24,500 ) -
At 30 June 2023 81,167 130,125 79,406
Depreciation
At 1 July 2022 59,272 36,093 13,241
Charge for year 16,233 15,125 13,231
Eliminated on disposal - (6,799 ) -
At 30 June 2023 75,505 44,419 26,472
Net book value
At 30 June 2023 5,662 85,706 52,934
At 30 June 2022 21,895 118,532 32,448

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 July 2022 502,214 13,747 797,442
Additions 55,038 1,774 90,529
Disposals (129,850 ) - (154,350 )
At 30 June 2023 427,402 15,521 733,621
Depreciation
At 1 July 2022 277,802 8,696 395,104
Charge for year 61,302 1,708 107,599
Eliminated on disposal (95,612 ) - (102,411 )
At 30 June 2023 243,492 10,404 400,292
Net book value
At 30 June 2023 183,910 5,117 333,329
At 30 June 2022 224,412 5,051 402,338

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 July 2022 481,214
Disposals (129,850 )
At 30 June 2023 351,364
Depreciation
At 1 July 2022 272,552
Charge for year 43,606
Eliminated on disposal (95,612 )
At 30 June 2023 220,546
Net book value
At 30 June 2023 130,818
At 30 June 2022 208,662

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 249,517 369,704
Amounts owed by associates 17,555 -
Other debtors 28,985 10,022
Sundry debtors 159,324 212,431
Invoice financing 21,927 124,246
Tax - 25,604
Prepayments and accrued income 84,373 36,924
561,681 778,931

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 25,000 25,000
Other loans 104,450 95,387
Hire purchase contracts (see note 9) 46,507 68,061
Trade creditors 1,055,186 1,190,310
Social security and other taxes 14,409 13,950
VAT 105,836 133,958
Other creditors 11,634 15,383
Pension creditor 2,045 1,969
Directors' current accounts 152 108
Accruals and deferred income 147,344 131,354
1,512,563 1,675,480

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 25,000 25,000
Bank loans - 2-5 years 22,917 47,917
Other loans - 1-2 years 61,575 104,450
Other loans - 2-5 years 27,274 88,849
Hire purchase contracts (see note 9) 116,006 181,708
252,772 447,924

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 46,507 68,061
Between one and five years 116,006 181,708
162,513 249,769

Non-cancellable operating leases
2023 2022
£    £   
Within one year 163,460 166,708
Between one and five years 160,833 305,333
324,293 472,041

10. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 162,513 249,769

The bank overdraft and the invoice financing facility is secured by fixed and floating charges over all the property or undertaking of the company.

Amounts owed under hire purchase and finance leases are secured against the assets to which they relate.

11. Provisions for liabilities
2023 2022
£    £   
Deferred tax 26,043 -

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


11. Provisions for liabilities - continued

Deferred
tax
£   
Charge to Income statement during year 26,043
Balance at 30 June 2023 26,043

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
394 Ordinary A £1 394 394
6 Ordinary B £1 6 6
400 400

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr P Miller and Mrs J Miller
Balance outstanding at start of year - 16,927
Amounts repaid - (16,927 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

14. Ultimate controlling party

Mr & Mrs Miller own 100% of the share capital of the company and are therefore deemed to have control.