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REGISTERED NUMBER: 03505422 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SOILS (HS) LTD

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOILS (HS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: W Fifield





REGISTERED OFFICE: 4 The Walk
Kingswood
Wootton under Edge
Gloucestershire
GL12 8RP





REGISTERED NUMBER: 03505422 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 874,128 952,707
874,128 952,707

CURRENT ASSETS
Stocks 19,992 25,335
Debtors 6 103,188 143,117
Cash at bank and in hand 48,738 71,167
171,918 239,619
CREDITORS
Amounts falling due within one year 7 196,096 222,430
NET CURRENT (LIABILITIES)/ASSETS (24,178 ) 17,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

849,950

969,896

CREDITORS
Amounts falling due after more than one
year

8

(376,013

)

(446,072

)

PROVISIONS FOR LIABILITIES (98,586 ) (122,227 )
NET ASSETS 375,351 401,597

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 315,351 341,597
SHAREHOLDERS' FUNDS 375,351 401,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

BALANCE SHEET - continued
31 AUGUST 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





W Fifield - Director


SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Soils (HS) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Income is recognised at the point of generating a sales invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, has been fully amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 - 10% on cost
Plant and machinery - 20% on reducing balance, 15% on reducing balance and 10% on reducing balance
Fixtures and fittings - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance and 15% on reducing balance

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

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.


SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
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
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.

Going concern
The directors have considered the risks and issues concerning the company and its activities, and no
material uncertainties that may cast significant doubt about the company's ability to continue as a
going concern have been identified by the directors.

Provisions
Provisions are recognized only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognized where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 5,000
AMORTISATION
At 1 September 2023
and 31 August 2024 5,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 476,382 3,000 524,823
Additions - - 31,100
Disposals - - (73,500 )
At 31 August 2024 476,382 3,000 482,423
DEPRECIATION
At 1 September 2023 - 3,000 213,944
Charge for year - - 44,908
Eliminated on disposal - - (46,457 )
At 31 August 2024 - 3,000 212,395
NET BOOK VALUE
At 31 August 2024 476,382 - 270,028
At 31 August 2023 476,382 - 310,879

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 10,434 267,411 16,963 1,299,013
Additions 3,200 2,000 1,256 37,556
Disposals - (8,911 ) - (82,411 )
At 31 August 2024 13,634 260,500 18,219 1,254,158
DEPRECIATION
At 1 September 2023 7,099 113,432 8,831 346,306
Charge for year 941 38,305 2,178 86,332
Eliminated on disposal - (6,151 ) - (52,608 )
At 31 August 2024 8,040 145,586 11,009 380,030
NET BOOK VALUE
At 31 August 2024 5,594 114,914 7,210 874,128
At 31 August 2023 3,335 153,979 8,132 952,707


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 94,068 136,723
Other debtors 3,540 2,000
Prepayments 5,580 4,394
103,188 143,117

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,134 27,548
Hire purchase contracts 37,512 47,680
Trade creditors 73,689 113,627
Corporation Tax 25,098 (11,741 )
Social security and other taxes 3,872 13,054
Net Wages - 249
Pension control 760 631
VAT 21,251 5,314
Other creditors 3,080 3,763
Directors' current accounts 57 18,041
Accrued expenses 2,643 4,264
196,096 222,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 28,757 28,134
Bank loans - 2-5 years 51,393 80,150
Bank loans - 5+ years 257,856 262,401
Hire purchase contracts 38,007 75,387
376,013 446,072

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 75,519 123,067

The directors have provided personal guarantees to the bank with respect to the company's overdraft facility.

The National Westminster Bank PLC has an outstanding charge on land and buildings beginning 30 September 2022.

10. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the year end of £10,000 (2023 - £10,000).

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
W Fifield
Balance outstanding at start of year (18,041 ) (45,765 )
Amounts advanced 61,764 66,736
Amounts repaid (43,780 ) (39,012 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (57 ) (18,041 )

No interest is being charged on the loan to W Fifield and there are no set repayment terms.