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Company Registration No. 08609442 (England and Wales)
Urban Earth S. W. Ltd Unaudited accounts for the year ended 31 July 2023
Urban Earth S. W. Ltd Unaudited accounts Contents
Page
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Urban Earth S. W. Ltd Company Information for the year ended 31 July 2023
Director
Philip Yolland
Company Number
08609442 (England and Wales)
Registered Office
Off 7A Unit 16 Dinan Way Trading Estate Concorde Road Exmouth EX8 4RS England
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Urban Earth S. W. Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
1,000 
Tangible assets
181,126 
224,330 
181,126 
225,330 
Current assets
Inventories
60,000 
65,000 
Debtors
54,135 
13,477 
Cash at bank and in hand
112,105 
196,219 
226,240 
274,696 
Creditors: amounts falling due within one year
(196,145)
(225,643)
Net current assets
30,095 
49,053 
Total assets less current liabilities
211,221 
274,383 
Creditors: amounts falling due after more than one year
(101,007)
(153,368)
Provisions for liabilities
Deferred tax
(12,617)
(11,428)
Net assets
97,597 
109,587 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
97,497 
109,487 
Shareholders' funds
97,597 
109,587 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 April 2024 and were signed on its behalf by
Philip Yolland Director Company Registration No. 08609442
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Urban Earth S. W. Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Urban Earth S. W. Ltd is a private company, limited by shares, registered in England and Wales, registration number 08609442. The registered office is Off 7A Unit 16 Dinan Way Trading Estate, Concorde Road, Exmouth, EX8 4RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance basis
Fixtures & fittings
20% Reducing Balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Urban Earth S. W. Ltd Notes to the Accounts for the year ended 31 July 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
10,000 
At 31 July 2023
10,000 
Amortisation
At 1 August 2022
9,000 
Charge for the year
1,000 
At 31 July 2023
10,000 
Net book value
At 31 July 2023
- 
At 31 July 2022
1,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
164,545 
155,507 
13,046 
333,098 
Additions
798 
- 
- 
798 
At 31 July 2023
165,343 
155,507 
13,046 
333,896 
Depreciation
At 1 August 2022
45,270 
55,377 
8,121 
108,768 
Charge for the year
17,985 
25,032 
985 
44,002 
At 31 July 2023
63,255 
80,409 
9,106 
152,770 
Net book value
At 31 July 2023
102,088 
75,098 
3,940 
181,126 
At 31 July 2022
119,275 
100,130 
4,925 
224,330 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
32,149 
37,823 
- Motor vehicles
70,391 
93,855 
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Urban Earth S. W. Ltd Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,026 
7,258 
Accrued income and prepayments
11,109 
6,219 
54,135 
13,477 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
36,425 
56,022 
Obligations under finance leases and hire purchase contracts
42,361 
42,909 
Trade creditors
82,553 
77,182 
Taxes and social security
9,735 
15,532 
Other creditors
2,112 
2,820 
Loans from directors
738 
- 
Deferred income
12,221 
21,178 
196,145 
225,643 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,091 
32,091 
Obligations under finance leases and hire purchase contracts
78,916 
121,277 
101,007 
153,368 
9
Transactions with related parties
At the balance sheet date, the director was owed £738 (2022: £0.00. This amount was unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 17 (2022: 15).
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