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REGISTERED NUMBER: 07472764 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Earthworks U.k. Limited

Earthworks U.k. Limited (Registered number: 07472764)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Earthworks U.k. Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: P J Treasure





REGISTERED OFFICE: 12 Whiteladies Road
Clifton
Bristol
BS8 1PD





REGISTERED NUMBER: 07472764 (England and Wales)





ACCOUNTANTS: Pure Professionals Limited
Chartered Accountants & Tax Advisers
12 Whiteladies Road
Clifton
Bristol
BS8 1PD

Earthworks U.k. Limited (Registered number: 07472764)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 31,750
Tangible assets 5 210,620 1,219,428
235,620 1,251,178

CURRENT ASSETS
Debtors 6 423,058 362,206
Cash at bank and in hand 611,278 395,955
1,034,336 758,161
CREDITORS
Amounts falling due within one year 7 517,695 626,587
NET CURRENT ASSETS 516,641 131,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,261

1,382,752

CREDITORS
Amounts falling due after more than one
year

8

72,799

569,435
NET ASSETS 679,462 813,317

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 679,360 813,215
SHAREHOLDERS' FUNDS 679,462 813,317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Earthworks U.k. Limited (Registered number: 07472764)

Balance Sheet - continued
30 April 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 director and authorised for issue on 5 April 2024 and were signed by:





P J Treasure - Director


Earthworks U.k. Limited (Registered number: 07472764)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Earthworks 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, 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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 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.

Earthworks U.k. Limited (Registered number: 07472764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 27 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 67,500
AMORTISATION
At 1 May 2022 35,750
Amortisation for year 6,750
At 30 April 2023 42,500
NET BOOK VALUE
At 30 April 2023 25,000
At 30 April 2022 31,750

Further goodwill of £17,500 was purchased by the company in October 2021 and is being amortised over 10 years.

Earthworks U.k. Limited (Registered number: 07472764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 485,074 18,141 1,280,739 6,688 1,790,642
Additions 83,395 - 69,250 4,005 156,650
Disposals (395,526 ) - (1,171,915 ) - (1,567,441 )
At 30 April 2023 172,943 18,141 178,074 10,693 379,851
DEPRECIATION
At 1 May 2022 106,618 11,559 450,097 2,940 571,214
Charge for year 19,397 1,316 38,200 1,163 60,076
Eliminated on disposal (62,987 ) - (399,072 ) - (462,059 )
At 30 April 2023 63,028 12,875 89,225 4,103 169,231
NET BOOK VALUE
At 30 April 2023 109,915 5,266 88,849 6,590 210,620
At 30 April 2022 378,456 6,582 830,642 3,748 1,219,428

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 420,776 1,152,458 1,573,234
Additions - 69,210 69,210
Transfer to ownership (420,776 ) (1,152,458 ) (1,573,234 )
At 30 April 2023 - 69,210 69,210
DEPRECIATION
At 1 May 2022 84,417 367,785 452,202
Charge for year - 10,382 10,382
Transfer to ownership (84,417 ) (367,785 ) (452,202 )
At 30 April 2023 - 10,382 10,382
NET BOOK VALUE
At 30 April 2023 - 58,828 58,828
At 30 April 2022 336,359 784,673 1,121,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 385,951 331,558
Other debtors 37,107 30,648
423,058 362,206

Earthworks U.k. Limited (Registered number: 07472764)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts (see note 9) 10,119 8,011
Hire purchase contracts 29,706 325,188
Trade creditors 353,558 246,454
Taxation and social security 79,295 17,060
Other creditors 45,017 29,874
517,695 626,587

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 9) 20,487 32,713
Hire purchase contracts 52,312 536,722
72,799 569,435

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,487 32,713

9. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,119 8,011

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,487 32,713