Company Registration No. 7570960 (England and Wales)
Soil Moisture Sense Ltd
Unaudited accounts
for the year ended 31 May 2024
Soil Moisture Sense Ltd
Unaudited accounts
Contents
Soil Moisture Sense Ltd
Company Information
for the year ended 31 May 2024
Company Number
7570960 (England and Wales)
Registered Office
CLOVERLEA NUTTERY LANE
ALDRINGHAM
LEISTON
SUFFOLK
IP16 4QW
Accountants
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
Soil Moisture Sense Ltd
Accountants' report
Accountants' report to the director of Soil Moisture Sense Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 May 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
1 August 2024
Soil Moisture Sense Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
9,085
12,115
Inventories
195,000
100,000
Cash at bank and in hand
141,307
102,446
Creditors: amounts falling due within one year
(57,552)
(52,788)
Net current assets
806,611
747,090
Net assets
815,696
759,205
Called up share capital
90
90
Profit and loss account
815,606
759,115
Shareholders' funds
815,696
759,205
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 August 2024 and were signed on its behalf by
Peter John White
Director
Company Registration No. 7570960
Soil Moisture Sense Ltd
Notes to the Accounts
for the year ended 31 May 2024
Soil Moisture Sense Ltd is a private company, limited by shares, registered in England and Wales, registration number 7570960. The registered office is CLOVERLEA NUTTERY LANE, ALDRINGHAM, LEISTON, SUFFOLK, IP16 4QW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
22,200
10,499
32,699
At 31 May 2024
22,200
10,499
32,699
At 1 June 2023
12,547
8,037
20,584
Charge for the year
2,414
616
3,030
At 31 May 2024
14,961
8,653
23,614
At 31 May 2024
7,239
1,846
9,085
At 31 May 2023
9,653
2,462
12,115
Soil Moisture Sense Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
466,107
597,429
Accrued income and prepayments
61,745
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
52,482
15,442
Taxes and social security
34,593
29,090
Other creditors
1,688
1,060
Loans from directors
(1,274)
(1,555)
Allotted, called up and fully paid:
90 Ordinary shares of £1 each
90
90
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year the company made interest-free loans to a director totallling £1,217 (2023 £1,338)
1,033
1,274
1,033
1,274
This loan was repaid on the 31st July 2024
9
Average number of employees
During the year the average number of employees was 12 (2023: 9).