Soils (HS) Ltd - Abbreviated accounts 16.1

Soils (HS) Ltd - Abbreviated accounts 16.1


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REGISTERED NUMBER: 03505422 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015

FOR

SOILS (HS) LTD

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SOILS (HS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2015







DIRECTORS: W Fifield
D Fifield
Mrs J Fifield





SECRETARY: D Fifield





REGISTERED OFFICE: 54 Hillesley Road
Kingswood
Gloucestershire
GL12 8RU





REGISTERED NUMBER: 03505422 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

ABBREVIATED BALANCE SHEET
31 AUGUST 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 207,616 132,201
207,616 132,201

CURRENT ASSETS
Stocks 34,100 26,359
Debtors 134,474 144,122
Cash at bank and in hand 35,061 32,511
203,635 202,992
CREDITORS
Amounts falling due within one year 4 128,978 109,529
NET CURRENT ASSETS 74,657 93,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,273

225,664

CREDITORS
Amounts falling due after more than one
year

4

(94,769

)

(54,276

)

PROVISIONS FOR LIABILITIES (34,584 ) (22,570 )
NET ASSETS 152,920 148,818

CAPITAL AND RESERVES
Called up share capital 5 60,000 60,000
Profit and loss account 92,920 88,818
SHAREHOLDERS' FUNDS 152,920 148,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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.

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 18 May 2016 and were signed on its
behalf by:





W Fifield - Director


SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These accounts have been prepared on the Going Concern basis. This is because there are no material uncertainties that may cast significant doubt about the company's ability to continue as a Going Concern. The Directors have continued to support the business and there are no indications that the bank will withdraw the overdraft.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Income is recognised at
the point of generating a sales invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, has been fully
amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance and 15% on 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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 the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014
and 31 August 2015 5,000
AMORTISATION
At 1 September 2014
and 31 August 2015 5,000
NET BOOK VALUE

At 31 August 2015 -
At 31 August 2014 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014 278,194
Additions 135,668
Disposals (24,125 )
At 31 August 2015 389,737
DEPRECIATION
At 1 September 2014 145,993
Charge for year 45,732
Eliminated on disposal (9,604 )
At 31 August 2015 182,121
NET BOOK VALUE
At 31 August 2015 207,616
At 31 August 2014 132,201

4. CREDITORS

The following secured debts are included within creditors:

2015 2014
£    £   
Hire purchase contracts and finance leases 99,635 48,410

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
60,000 Ordinary £1 60,000 60,000

SOILS (HS) LTD (REGISTERED NUMBER: 03505422)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015

6. RELATED PARTY DISCLOSURES

W Fifield
Director and shareholder


During the year dividends of £24,759 (2014: £20,579) were paid to the director

No repayment terms have been agreed and no interest is payable on the balance below.

2015 2014
£    £   
Amount due to related party at the balance sheet date 10,299 2,142

Mr D Fifield and Mrs J Fifield

Directors of the company


The balance below is included under Creditors: Amounts falling due after more than one year.

2015 2014
£    £   
Amount due to related party at the balance sheet date 25,000 25,000

No repayment terms have been agreed and no interest is payable on the outstanding loan.