| SOW (Nottingham) Ltd |
|
| Report to the director on the preparation of the unaudited statutory accounts of SOW (Nottingham) Ltd for the year ended 31 July 2026 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SOW (Nottingham) Ltd for the year ended 31 July 2026 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Coalesco Accountants Limited |
| Chartered Certified Accountants |
| 156 Russell Drive |
| Wollaton |
| Nottingham |
| Nottinghamshire |
| NG8 2BE |
|
| 4 September 2026 |
|
| SOW (Nottingham) Ltd |
| Notes to the Accounts |
| for the year ended 31 July 2026 |
|
|
| 1 |
Accounting policies |
|
|
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. |
|
|
Turnover |
|
Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
Goodwill |
5 Years Straight Line |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% Straight Line |
|
Motor Vehicles |
25% Reducing Balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 August 2025 |
10,000 |
|
At 31 July 2026 |
10,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2025 |
10,000 |
|
At 31 July 2026 |
10,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2026 |
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2025 |
25,601 |
|
10,600 |
|
36,201 |
|
At 31 July 2026 |
25,601 |
|
10,600 |
|
36,201 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2025 |
22,544 |
|
7,932 |
|
30,476 |
|
Charge for the year |
387 |
|
667 |
|
1,054 |
|
At 31 July 2026 |
22,931 |
|
8,599 |
|
31,530 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2026 |
2,670 |
|
2,001 |
|
4,671 |
|
At 31 July 2025 |
3,057 |
|
2,668 |
|
5,725 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Corporation tax |
3,414 |
|
4,265 |
|
Other taxes and social security costs |
1,762 |
|
1,223 |
|
Other creditors |
13,503 |
|
92 |
|
|
|
|
|
|
18,679 |
|
5,580 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
SOW (Nottingham) Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
156 Russell Drive |
|
Wollaton |
|
Nottingham |
|
NG8 2BE |