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REGISTERED NUMBER: 04483982 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DORSET SOILS & AGGREGATES LTD

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 3


DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 9,584 515
Tangible assets 5 557,952 333,329
567,536 333,844

Current assets
Stocks 1,076,354 948,863
Debtors 6 554,519 561,681
Cash at bank and in hand 110,428 466,543
1,741,301 1,977,087
Creditors
Amounts falling due within one year 7 1,512,577 1,512,563
Net current assets 228,724 464,524
Total assets less current liabilities 796,260 798,368

Creditors
Amounts falling due after more than one year 8 (236,700 ) (252,772 )

Provisions for liabilities 11 (73,953 ) (26,043 )
Net assets 485,607 519,553

Capital and reserves
Called up share capital 12 400 400
Retained earnings 485,207 519,153
Shareholders' funds 485,607 519,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 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 2024


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
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

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 2024


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 (2023 - 32 ) .

4. Intangible fixed assets
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 July 2023 105,000 18,353 123,353
Additions 11,980 - 11,980
At 30 June 2024 116,980 18,353 135,333
Amortisation
At 1 July 2023 105,000 17,838 122,838
Charge for year 2,396 515 2,911
At 30 June 2024 107,396 18,353 125,749
Net book value
At 30 June 2024 9,584 - 9,584
At 30 June 2023 - 515 515

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 July 2023 81,167 130,125 79,406
Additions 56,116 21,786 99,303
At 30 June 2024 137,283 151,911 178,709
Depreciation
At 1 July 2023 75,505 44,419 26,472
Charge for year 15,710 16,123 30,447
At 30 June 2024 91,215 60,542 56,919
Net book value
At 30 June 2024 46,068 91,369 121,790
At 30 June 2023 5,662 85,706 52,934

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 July 2023 427,402 15,521 733,621
Additions 205,455 3,816 386,476
At 30 June 2024 632,857 19,337 1,120,097
Depreciation
At 1 July 2023 243,492 10,404 400,292
Charge for year 97,340 2,233 161,853
At 30 June 2024 340,832 12,637 562,145
Net book value
At 30 June 2024 292,025 6,700 557,952
At 30 June 2023 183,910 5,117 333,329

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 July 2023 - 351,364 351,364
Additions - 205,455 205,455
Transfer to ownership 63,026 53,743 116,769
At 30 June 2024 63,026 610,562 673,588
Depreciation
At 1 July 2023 - 220,546 220,546
Charge for year 6,830 94,144 100,974
Transfer to ownership 17,490 13,436 30,926
At 30 June 2024 24,320 328,126 352,446
Net book value
At 30 June 2024 38,706 282,436 321,142
At 30 June 2023 - 130,818 130,818

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 221,919 249,517
Amounts owed by associates 17,555 17,555
Other debtors 45,175 28,985
Sundry debtors 139,179 159,324
Invoice financing 4,862 21,927
Prepayments and accrued income 125,829 84,373
554,519 561,681

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Other loans 76,330 104,450
Hire purchase contracts (see note 9) 108,669 46,507
Trade creditors 1,123,353 1,055,186
Amounts owed to associates 2,258 -
Social security and other taxes 22,773 14,409
VAT 31,370 105,836
Other creditors 40,887 11,634
Pension creditor 2,004 2,045
Directors' current accounts 29 152
Accruals and deferred income 79,904 147,344
1,512,577 1,512,563

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 22,917 25,000
Bank loans - 2-5 years - 22,917
Other loans - 1-2 years 27,274 61,575
Other loans - 2-5 years - 27,274
Hire purchase contracts (see note 9) 186,509 116,006
236,700 252,772

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 108,669 46,507
Between one and five years 186,509 116,006
295,178 162,513

Non-cancellable operating leases
2024 2023
£    £   
Within one year 120,540 163,460
Between one and five years 82,125 160,833
202,665 324,293

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 295,178 162,513

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
2024 2023
£    £   
Deferred tax 73,953 26,043

DORSET SOILS & AGGREGATES LTD (REGISTERED NUMBER: 04483982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 July 2023 26,043
Charge to Income statement during year 47,910
Balance at 30 June 2024 73,953

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
394 Ordinary A £1 394 394
6 Ordinary B £1 6 6
400 400

13. Ultimate controlling party

The company is controlled by the directors, Mr & Mrs Miller, by virtue of their 100% ownership of the issued share capital.