REGISTERED NUMBER: 01612073 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOILS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N J Lambert

R B Higginson

C C Morrison

T Lambert

SECRETARIES:

N J Lambert

R B Higginson

REGISTERED OFFICE:

Newton House

Cross Road

Tadworth

Surrey

KT20 5SR

REGISTERED NUMBER:

01612073 (England and Wales)

ACCOUNTANTS:

CLS Accountants Limited

Chartered Certified Accountants

2 Rythe Close

Esher

Surrey

KT10 9DD

FIXED ASSETS

Tangible assets

4

739,000

758,865

CURRENT ASSETS

Debtors

5

279,962

382,660

Cash at bank

15,841

55,313

295,803

437,973

CREDITORS

Amounts falling due within one year

6

712,391

667,150

NET CURRENT LIABILITIES

(416,588

)

(229,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

322,412

529,688

CREDITORS

Amounts falling due after more than one year

7

(227,414

)

(264,631

)

PROVISIONS FOR LIABILITIES

(13,180

)

(21,585

)

NET ASSETS

81,818

243,472

CAPITAL AND RESERVES

Called up share capital

33,334

33,334

Revaluation reserve

10

314,153

287,890

Capital redemption reserve

16,666

16,666

Retained earnings

(282,335

)

(94,418

)

SHAREHOLDERS' FUNDS

81,818

243,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2025 and were signed on its behalf by:

R B Higginson - Director

N J Lambert - Director

1.	STATUTORY INFORMATION

Soils 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

equal instalments over period of lease

Plant and machinery etc

-

50% on cost, 25% on reducing balance, 20% on cost and 10% on cost

Land and buildings held and used in the Company's own activities are stated in the statement of financial position at their revalued amounts. The revalued amounts equate to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve in 'other reserves'.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

625,000

654,284

1,279,284

Additions

-

1,199

1,199

Disposals

-

(15,191

)

(15,191

)

Revaluations

25,000

-

25,000

At 31 March 2025

650,000

640,292

1,290,292

DEPRECIATION

At 1 April 2024

631

519,788

520,419

Charge for year

632

43,888

44,520

Eliminated on disposal

-

(12,384

)

(12,384

)

Revaluation adjustments

(1,263

)

-

(1,263

)

At 31 March 2025

-

551,292

551,292

NET BOOK VALUE

At 31 March 2025

650,000

89,000

739,000

At 31 March 2024

624,369

134,496

758,865

Included in net book values of motor vehicles and plant and machinery are assets held under hire purchase contracts totalling £28,143 and £nil (2024 - £57,606 and £4,025) respectively.

The leasehold property was revalued at 31 March 2025 to its fair value of £650,000 by Primmer Old B.A.S, Chartered Surveyors who are independent of the Company and have experience of valuing similar properties. If the leasehold property was included in the balance sheet on an historical cost basis, then the carrying amount would be £335,847.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

216,982

275,333

Amounts recoverable on contract

46,248

103,273

Other debtors

16,732

4,054

279,962

382,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

171,163

89,758

Hire purchase contracts (see note 8)

6,983

31,616

Trade creditors

254,658

298,816

Taxation and social security

142,433

126,647

Other creditors

137,154

120,313

712,391

667,150

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

227,414

256,326

Hire purchase contracts (see note 8)

-

8,305

227,414

264,631

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

38,260

53,796

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

6,983

31,616

Between one and five years

-

8,305

6,983

39,921

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

-

23,166

Between one and five years

-

14,235

-

37,401

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

275,406

304,956

Hire purchase contracts

6,983

39,921

282,389

344,877

The bank loans with National Westminster Bank Plc are secured by a charge over the long leasehold property held as an asset in the company.

The invoice discounting facility with RBS Invoice Finance Ltd is secured by way of a fixed and floating charge over the assets of the company.

The hire purchase liabilities are secured on the assets concerned.

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

287,890

Property revaluation reserve

26,263

At 31 March 2025

314,153