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REGISTERED NUMBER: 05792913 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CONTINENTAL SOIL TECHNOLOGY LIMITED

CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CONTINENTAL SOIL TECHNOLOGY LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: S B Cameron





REGISTERED OFFICE: Field Barn
Kemble
Gloucestershire
GL7 6AX





REGISTERED NUMBER: 05792913 (England and Wales)





ACCOUNTANTS: S D Knee
Chartered Accountants
10 Bath Road
Old Town
Swindon
Wiltshire
SN1 4BA

CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 815,868 882,434

CURRENT ASSETS
Stocks 340,036 308,974
Debtors 5 94,835 93,468
Prepayments and accrued income 96,412 84,625
Cash at bank 78,363 63,517
609,646 550,584
CREDITORS
Amounts falling due within one year 6 407,327 370,549
NET CURRENT ASSETS 202,319 180,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,018,187

1,062,469

CREDITORS
Amounts falling due after more than one year 7 (651,854 ) (703,288 )

PROVISIONS FOR LIABILITIES (151,499 ) (146,339 )
NET ASSETS 214,834 212,842

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 10 213,824 211,832
SHAREHOLDERS' FUNDS 214,834 212,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)

BALANCE SHEET - continued
30 April 2024


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 director and authorised for issue on 29 January 2025 and were signed by:





S B Cameron - Director


CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Continental Soil Technology 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 represents supply and hire of plant and machinery, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost, 20% on reducing balance, 10% on cost and 5% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 1,566,812
Additions 39,173
Disposals (72,831 )
At 30 April 2024 1,533,154
DEPRECIATION
At 1 May 2023 684,378
Charge for year 55,074
Eliminated on disposal (22,166 )
At 30 April 2024 717,286
NET BOOK VALUE
At 30 April 2024 815,868
At 30 April 2023 882,434

Included within tangible fixed assets are assets held under hire purchase agreements with a net book value of £555,306. Depreciation of £26,428 was provided on assets held under hire purchase agreements during the year ended 30 April 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 84,835 83,468
Other debtors 10,000 10,000
94,835 93,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 14,787 14,787
Hire purchase contracts (see note 8) 60,862 103,590
Trade creditors 233,176 176,655
Taxation and social security 63,902 40,668
Other creditors 34,600 34,849
407,327 370,549

CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 35,381 53,833
Hire purchase contracts (see note 8) 443,453 486,671
Other creditors 173,020 162,784
651,854 703,288

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 60,862 103,590
Between one and five years 443,453 486,671
504,315 590,261

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 1,666 -
Between one and five years - 25,470
1,666 25,470

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 50,168 68,620

Bank loans of £30,388 (2023: £38,840) have been secured by a debenture over the company's assets.

CONTINENTAL SOIL TECHNOLOGY LIMITED (REGISTERED NUMBER: 05792913)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

10. RESERVES
Retained
earnings
£   

At 1 May 2023 211,832
Profit for the year 21,992
Dividends (20,000 )
At 30 April 2024 213,824