REGISTERED NUMBER: 03041587 (England and Wales)

The Somerset Gas Co. Limited

Unaudited Financial Statements

for the Year Ended 30 April 2026

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M A Lewis

W J Lewis

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

03041587 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Lloyds Bank plc

23 Fore Street

Williton

Somerset

TA4 4PX

FIXED ASSETS

Tangible assets

5

86,236

51,777

CURRENT ASSETS

Debtors

368,616

367,557

Cash at bank

100,959

63,025

469,575

430,582

CREDITORS

Amounts falling due within one year

370,549

302,323

NET CURRENT ASSETS

99,026

128,259

TOTAL ASSETS LESS CURRENT LIABILITIES

185,262

180,036

CREDITORS

Amounts falling due after more than one year

(131,157

)

(124,914

)

PROVISIONS FOR LIABILITIES

(16,000

)

(12,000

)

NET ASSETS

38,105

43,122

CAPITAL AND RESERVES

Called up share capital

67

67

Other reserves

33

33

Retained earnings

38,005

43,022

SHAREHOLDERS' FUNDS

38,105

43,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 July 2026 and were signed on its behalf by:

M A Lewis - Director

1.	STATUTORY INFORMATION

The Somerset Gas Co. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

At the time of approving the financial statements the directors have a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Plant and machinery etc

-

25% on reducing balance

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 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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2025

213,090

Additions

63,190

Disposals

(50,000

)

At 30 April 2026

226,280

DEPRECIATION

At 1 May 2025

161,313

Charge for year

28,731

Eliminated on disposal

(50,000

)

At 30 April 2026

140,044

NET BOOK VALUE

At 30 April 2026

86,236

At 30 April 2025

51,777

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2025

55,696

Additions

61,195

At 30 April 2026

116,891

DEPRECIATION

At 1 May 2025

22,686

Charge for year

23,552

At 30 April 2026

46,238

NET BOOK VALUE

At 30 April 2026

70,653

At 30 April 2025

33,010

6.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.26

30.4.25

£

£

Net obligations repayable:

Within one year

23,004

10,157

Between one and five years

59,517

30,190

82,521

40,347

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.26

30.4.25

£

£

Bank loans

1,137

10,000

Hire purchase contracts

82,521

40,347

83,658

50,347

Amounts due under hire purchase contracts are secured over the specific financed assets.

Bank loans and overdrafts are secured by a charge over the assets of the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2026 and 30 April 2025:

30.4.26

30.4.25

£

£

M A Lewis

Balance outstanding at start of year

102,475

88,188

Amounts advanced

107,057

166,637

Amounts repaid

(141,000

)

(152,350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

68,532

102,475

9.	RELATED PARTY DISCLOSURES

At the year-end the company was owed £188,129 (2025: £187,828) by Blackmore Eagle & Lewis (Properties) Limited, a related dormant company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A Lewis.