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REGISTERED NUMBER: 06884235 (England and Wales)

































Unaudited Financial Statements

For The Year Ended

30 June 2023

for

UNDERGROUND SURVEYS ( UK ) LIMITED

UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)






Contents of the Financial Statements
For The Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


UNDERGROUND SURVEYS ( UK ) LIMITED

Company Information
For The Year Ended 30 June 2023







DIRECTORS: A Richardson
K Richardson
A McIntyre





REGISTERED OFFICE: 8 Eastway
Sale
Cheshire
M33 4DX





REGISTERED NUMBER: 06884235 (England and Wales)





ACCOUNTANTS: Leavitt Walmsley Associates Limited
Chartered Certified Accountants
8 Eastway
Sale
Cheshire
M33 4DX

UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 321,916 183,943
321,916 183,943

CURRENT ASSETS
Debtors 583,856 646,407
Cash at bank and in hand 672,123 679,890
1,255,979 1,326,297
CREDITORS
Amounts falling due within one year 409,467 508,514
NET CURRENT ASSETS 846,512 817,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,168,428

1,001,726

CREDITORS
Amounts falling due after more than one
year

(129,817

)

(76,027

)

PROVISIONS FOR LIABILITIES (79,150 ) (45,408 )
NET ASSETS 959,461 880,291

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 959,361 880,191
SHAREHOLDERS' FUNDS 959,461 880,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)

Abridged Balance Sheet - continued
30 June 2023


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 Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





K Richardson - Director


UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)

Notes to the Financial Statements
For The Year Ended 30 June 2023

1. STATUTORY INFORMATION

Underground Surveys ( UK ) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

A sale is recognised when the goods have been despatched to clients, which is the point at which the risks and rewards of ownership pass to the customer and therefore revenue recognised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

The company carries tangible fixed assets in the balance sheet using the depreciated historic cost method.

UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment.

Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt.

Debtors do not carry interest and are stated at their nominal value.

Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

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 using the effective interest method under Section 11 of FRS 102 ‘Basic Financial Instruments’. The capital element of the liability is presented in the balance sheet as a liability and split between the portion falling due within one year and the portion falling due after more than one year.

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.

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 with an associated expense in profit or loss.

Government grants
Government grants are recognised when the entity expects to receive the grant and will comply with the grants conditions and are accounted for using the accrual model .Grants in respect of Covid-19 are recognised in income in the period the grant relates to.

Grants which become repayable are recognised as a liability in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 30 ) .

UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 5,000
AMORTISATION
At 1 July 2022
and 30 June 2023 5,000
NET BOOK VALUE

At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 802,524
Additions 230,538
Disposals (10,600 )
At 30 June 2023 1,022,462
DEPRECIATION
At 1 July 2022 618,581
Charge for year 89,211
Eliminated on disposal (7,246 )
At 30 June 2023 700,546
NET BOOK VALUE
At 30 June 2023 321,916
At 30 June 2022 183,943

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

Totals
£   
COST
At 1 July 2022 112,675
Additions 164,032
At 30 June 2023 276,707
DEPRECIATION
At 1 July 2022 55,561
Charge for year 35,459
At 30 June 2023 91,020
NET BOOK VALUE
At 30 June 2023 185,687
At 30 June 2022 57,114

UNDERGROUND SURVEYS ( UK ) LIMITED (REGISTERED NUMBER: 06884235)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the director of £229,509 and received credits of £229,518 from the directors.The rate of interest charged on these advances was 0% and there were no terms attached to the advances.