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REGISTERED NUMBER: 02455425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mining Surveys (U.K.) Limited

Mining Surveys (U.K.) Limited (Registered number: 02455425)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mining Surveys (U.K.) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D A Halifax
J Halifax
M Packham





SECRETARY: D A Halifax





REGISTERED OFFICE: 3 The Bridge Business Centre
Beresford Way
Dunston
Chesterfield
S41 9FG





REGISTERED NUMBER: 02455425 (England and Wales)






Mining Surveys (U.K.) Limited (Registered number: 02455425)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,284 281,113

CURRENT ASSETS
Debtors 5 92,499 95,461
Cash at bank 21,033 32,514
113,532 127,975
CREDITORS
Amounts falling due within one year 6 106,532 133,542
NET CURRENT ASSETS/(LIABILITIES) 7,000 (5,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,284

275,546

CREDITORS
Amounts falling due after more than one
year

7

(182,769

)

(148,342

)

PROVISIONS FOR LIABILITIES (32,616 ) (28,038 )
NET ASSETS 55,899 99,166

CAPITAL AND RESERVES
Called up share capital 7,750 7,750
Retained earnings 48,149 91,416
SHAREHOLDERS' FUNDS 55,899 99,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Mining Surveys (U.K.) Limited (Registered number: 02455425)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





D A Halifax - Director


Mining Surveys (U.K.) Limited (Registered number: 02455425)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mining Surveys (U.K.) 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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 balance sheet date.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Mining Surveys (U.K.) Limited (Registered number: 02455425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 190,794 378,330 569,124
Additions - 19,850 19,850
Disposals - (16,000 ) (16,000 )
At 31 March 2023 190,794 382,180 572,974
DEPRECIATION
At 1 April 2022 57,240 230,771 288,011
Charge for year 3,816 31,664 35,480
Eliminated on disposal - (14,801 ) (14,801 )
At 31 March 2023 61,056 247,634 308,690
NET BOOK VALUE
At 31 March 2023 129,738 134,546 264,284
At 31 March 2022 133,554 147,559 281,113

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

Plant and
machinery
etc
£   
COST
At 1 April 2022 84,070
Additions 15,500
Transfer to ownership (84,070 )
At 31 March 2023 15,500
DEPRECIATION
At 1 April 2022 25,625
Charge for year 3,875
Transfer to ownership (25,625 )
At 31 March 2023 3,875
NET BOOK VALUE
At 31 March 2023 11,625
At 31 March 2022 58,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 89,926 64,955
Other debtors 2,573 30,506
92,499 95,461

Mining Surveys (U.K.) Limited (Registered number: 02455425)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 28,234 51,083
Hire purchase contracts 3,875 3,555
Trade creditors 20,068 1,175
Taxation and social security 26,231 27,548
Other creditors 28,124 50,181
106,532 133,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 84,050 108,342
Hire purchase contracts 8,719 -
Other creditors 90,000 40,000
182,769 148,342

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years - 9,250