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REGISTERED NUMBER: 07330620 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SOG RESOURCES LIMITED

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOG RESOURCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







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: Monetta LLP
Statutory Auditors
Chartered Accountants
110-114 Duke Street
Liverpool
Merseyside
L1 5AG

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,187 28,923

CURRENT ASSETS
Stocks 10,907 11,120
Debtors 5 39,097 48,445
Cash at bank and in hand 469,909 467,513
519,913 527,078
CREDITORS
Amounts falling due within one year 6 391,919 450,728
NET CURRENT ASSETS 127,994 76,350
TOTAL ASSETS LESS CURRENT LIABILITIES 154,181 105,273

PROVISIONS FOR LIABILITIES 3,413 2,687
NET ASSETS 150,768 102,586

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 150,767 102,585
SHAREHOLDERS' FUNDS 150,768 102,586

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 29 November 2024 and were signed by:





J S Lewis MBE - Director


SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


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 AND DIRECTORS

The average number of employees during the year was 38 (2023 - 39 ) .

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 March 2023 149,880
Additions 7,040
At 29 February 2024 156,920
DEPRECIATION
At 1 March 2023 120,957
Charge for year 9,776
At 29 February 2024 130,733
NET BOOK VALUE
At 29 February 2024 26,187
At 28 February 2023 28,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 33,301 31,416
Amounts owed by group undertakings 434 122
Other debtors 5,362 16,907
39,097 48,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 150,577 233,722
Amounts owed to group undertakings 75,150 53,493
Taxation and social security 126,645 127,606
Other creditors 39,547 35,907
391,919 450,728

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

The Report of the Auditors was unqualified.

Keith Miller FCA (Senior Statutory Auditor)
for and on behalf of Monetta LLP

8. RELATED PARTY DISCLOSURES

Balances with related parties at the year end in aggregate

DebtorsCreditors
Other related parties£156,426£231,059

SOG RESOURCES LIMITED (REGISTERED NUMBER: 07330620)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. PARENT UNDERTAKING

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