SOUTH WALES TURF AND TOP SOIL LTD


Directors	DOODY, Amanda May
	PRICE, Andrew James


Company Secretary	PRICE, Andrew James


Registered Address	Spring Court Farm
	Coedkernew
	Newport
	NP10 8UF


Registered Number	07848319 (England and Wales)

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	6.67
Vehicles	20	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		10

3.	Prior period adjustment
	During the year, the company identified that motor vehicles had been understated in the prior year financial statements. The error arose due to understatement in asset value. The prior year comparatives have been restated to correct the carrying value of motor vehicles and the related accumulated depreciation. The net effect of the adjustment has been recognised against retained earnings brought forward. The effect of the prior period adjustment was as follows: Motor Vehicles as previously stated: £107,665.01 Adjustment: £20,539.16 Motor Vehicles as restated: £128,204.17 Motor Vehicles Depreciation as previously stated: £26,556.68 Adjustment: £10,796.83 Motor Vehicles Depreciation as restated: £37,353.51 There was no impact on the current year profit and loss account except for the revised depreciation charge arising from the corrected carrying value of the asset.

Prior period adjustment

During the year, the company identified that motor vehicles had been understated in the prior year financial statements. The error arose due to understatement in asset value.

The prior year comparatives have been restated to correct the carrying value of motor vehicles and the related accumulated depreciation. The net effect of the adjustment has been recognised against retained earnings brought forward.

The effect of the prior period adjustment was as follows:

Motor Vehicles as previously stated: £107,665.01
Adjustment: £20,539.16
Motor Vehicles as restated: £128,204.17
Motor Vehicles Depreciation as previously stated: £26,556.68
Adjustment: £10,796.83
Motor Vehicles Depreciation as restated: £37,353.51

There was no impact on the current year profit and loss account except for the revised depreciation charge arising from the corrected carrying value of the asset.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 December 24	120,459	710,632	128,204	1,908	961,203
Additions	-	21,750	16,695	495	38,940
Disposals	-	(195,091)	(14,166)	(672)	(209,929)
At 30 November 25	120,459	537,291	130,733	1,731	790,214
Depreciation and impairment
At 01 December 24	-	408,372	37,354	896	446,622
Charge for year	-	78,985	18,811	470	98,266
On disposals	-	(195,091)	(11,806)	(672)	(207,569)
At 30 November 25	-	292,266	44,359	694	337,319
Net book value
At 30 November 25	120,459	245,025	86,374	1,037	452,895
At 30 November 24	120,459	302,260	90,850	1,012	514,581

5.	Stocks

	2025	2024
	£	£
Finished goods	660,841	149,900
Total	660,841	149,900

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	40,645	85,651
Other debtors	5,000	-
Prepayments and accrued income	2,206	-
Total	47,851	85,651

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	133,121	97,990
Bank borrowings and overdrafts	82,074	55,335
Taxation and social security	90,871	18,152
Finance lease and HP contracts	100,178	53,361
Total	406,244	224,838

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	154,437	54,556
Other creditors	86,438	-
Total	240,875	54,556

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	186,616		53,362

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		452,895		514,581
			452,895		514,581
Current assets
Stocks	5	660,841		149,900
Debtors	6	47,851		85,651
Cash at bank and on hand		2,808		502
		711,500		236,053
Creditors amounts falling due within one year	7	(406,244)		(224,838)
Net current assets (liabilities)			305,256		11,215
Total assets less current liabilities			758,151		525,796
Creditors amounts falling due after one year	8		(240,875)		(54,556)
Net assets			517,276		471,240
Capital and reserves
Called up share capital			100		100
Profit and loss account			517,176		471,140
Shareholders' funds			517,276		471,240