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REGISTERED NUMBER: 01798531 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SARUM HARDWOOD STRUCTURES LIMITED

SARUM HARDWOOD STRUCTURES LIMITED (REGISTERED NUMBER: 01798531)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SARUM HARDWOOD STRUCTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr E C Dekker
Groot Lemmer BV





SECRETARY: Ms J Lumley





REGISTERED OFFICE: Unit 1B
Chilbolton Down Farm
Stockbridge
Hampshire
SO20 6BU





REGISTERED NUMBER: 01798531 (England and Wales)





AUDITORS: Rothmans Audit LLP
Chartered Accountants & Statutory Auditors
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

SARUM HARDWOOD STRUCTURES LIMITED (REGISTERED NUMBER: 01798531)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,684 7,880

CURRENT ASSETS
Stocks 315,425 313,111
Debtors 5 363,622 468,757
Cash at bank and in hand 87,160 32,954
766,207 814,822
CREDITORS
Amounts falling due within one year 6 153,860 206,472
NET CURRENT ASSETS 612,347 608,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,031

616,230

CAPITAL AND RESERVES
Called up share capital 255,000 255,000
Retained earnings 366,031 361,230
SHAREHOLDERS' FUNDS 621,031 616,230

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 14 May 2025 and were signed on its behalf by:





Mr E C Dekker - Director


SARUM HARDWOOD STRUCTURES LIMITED (REGISTERED NUMBER: 01798531)

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


1. STATUTORY INFORMATION

Sarum Hardwood Structures 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.

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 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.

The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

The most significant estimates in the accounts relate to the calculation of work in progress and to the estimated useful lives of fixed assets.

Turnover
Turnover is the amount derived from ordinary activities, which relate to the design, supply and installation of hardwood bridges and related structures and the provision of mats for temporary access roads and working bases. Turnover is stated after trade discounts, other sales taxes and net of Value Added Tax.

Turnover relating to mat sales is recognised when the mats are delivered to the customer.

Turnover relating to the hire of the mats is recognised in the period to which it relates.

Turnover relating to the bridges division represents the value of work done in the year. 3% of the contract value is recognised when an order is confirmed. For supply only contracts the remaining revenue is recognised on delivery of the bridge. For supply and fit contracts revenue is recognised by reference to the stage of completion from the point at which installation commences.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - the term of the lease
Plant and machinery - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost includes all direct expenditure.

The majority of bulk stock items purchased are available for both hire and sale and it is not always possible to identify if they should be treated as stock or fixed assets. It is therefore the Company's policy to treat all bulk items which cannot be individually identified as stock.

With regard to used mats it is the company's policy to write these down periodically to take into account their deterioration and the effect this has on their net realisable value.

SARUM HARDWOOD STRUCTURES LIMITED (REGISTERED NUMBER: 01798531)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The company only enters into basic financial instrument transactions.

Recognition and measurement
Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset’s carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of comprehensive income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SARUM HARDWOOD STRUCTURES LIMITED (REGISTERED NUMBER: 01798531)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand,and deposits held at call with banks.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 January 2024 67,472 70,830 138,302
Additions - 4,690 4,690
Disposals - (20,629 ) (20,629 )
At 31 December 2024 67,472 54,891 122,363
DEPRECIATION
At 1 January 2024 67,472 62,950 130,422
Charge for year - 3,886 3,886
Eliminated on disposal - (20,629 ) (20,629 )
At 31 December 2024 67,472 46,207 113,679
NET BOOK VALUE
At 31 December 2024 - 8,684 8,684
At 31 December 2023 - 7,880 7,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,830 371,815
Amounts owed by group undertakings - 61,699
Amounts recoverable on contract 37,633 18,574
Other debtors 43,159 16,669
363,622 468,757

SARUM HARDWOOD STRUCTURES LIMITED (REGISTERED NUMBER: 01798531)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,357 56,369
Amounts owed to group undertakings 20,206 -
Taxation and social security 72,262 107,636
Other creditors 50,035 42,467
153,860 206,472

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 25,388 24,906
Between one and five years 34,610 48,998
59,998 73,904

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

The Report of the Auditors was unqualified.

Lisa Wilson FCA (Senior Statutory Auditor)
for and on behalf of Rothmans Audit LLP

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE PARENT COMPANY

The ultimate parent company of Sarum Hardwood Structures Limited is De Zeven Schepen B.V., a
company incorporated in the Netherlands which is under the control of Mr E C Dekker. Copies of the
consolidated accounts may be obtained from the company's immediate parent company, also
incorporated in the Netherlands; Groot Lemmer B.V., Innovatielaan 9, 8447 SN, Heerenveen,
Netherlands.