REGISTERED NUMBER: 05387175 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Somerforde Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Lobb

Mrs J Lobb

REGISTERED OFFICE:

First Floor, Equinox 1

Wetherby

West Yorkshire

LS22 7RD

REGISTERED NUMBER:

05387175 (England and Wales)

ACCOUNTANTS:

Franks Accountants Limited

First Floor

Equinox 1

Audby Lane

Wetherby

West Yorkshire

LS22 7RD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

543,941

547,576

543,941

547,576

CURRENT ASSETS

Stocks

750

750

Debtors

6

1,904,560

1,386,151

Cash at bank and in hand

72,922

228,618

1,978,232

1,615,519

CREDITORS

Amounts falling due within one year

7

361,971

164,239

NET CURRENT ASSETS

1,616,261

1,451,280

TOTAL ASSETS LESS CURRENT LIABILITIES

2,160,202

1,998,856

CREDITORS

Amounts falling due after more than one year

8

41,003

50,378

NET ASSETS

2,119,199

1,948,478

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,118,199

1,947,478

2,119,199

1,948,478

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

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

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 Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

J Lobb - Director

Mrs J Lobb - Director

1.	STATUTORY INFORMATION

Somerforde 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 financial statements are presented in pound sterling (£) which is the functional currency of the company rounded to the nearest pound.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 each asset over its estimated useful life.

Fixtures & Fittings 15% Reducing Balance

Plant & Machinery 15% Reducing Balance

Computer Equipment 33% Straight Line

Motor Vehicle 25% Straight Line

Improvements to Property 15% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

156,150

AMORTISATION

At 1 January 2024

and 31 December 2024

156,150

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

1,080,289

Additions

141,311

Disposals

(29,990

)

At 31 December 2024

1,191,610

DEPRECIATION

At 1 January 2024

532,713

Charge for year

129,951

Eliminated on disposal

(14,995

)

At 31 December 2024

647,669

NET BOOK VALUE

At 31 December 2024

543,941

At 31 December 2023

547,576

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

18,670

12,416

Amounts owed by group undertakings

1,885,590

1,373,435

Other debtors

300

300

1,904,560

1,386,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

7,145

8,596

Hire purchase contracts

3,803

19,479

Taxation and social security

97,918

63,307

Other creditors

253,105

72,857

361,971

164,239

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

24,814

30,008

Hire purchase contracts

16,189

20,370

41,003

50,378

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Somerforde Care Ltd.

The ultimate controlling party is Mr J Lobb and Mrs J A Lobb..