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REGISTERED NUMBER: 03519748 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Earthworks (Plant) Limited

Earthworks (Plant) Limited (Registered number: 03519748)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Earthworks (Plant) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C P O'Neill
J Avery





SECRETARY: C P O'Neill





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 03519748 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Earthworks (Plant) Limited (Registered number: 03519748)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,760 99,458

CURRENT ASSETS
Debtors 5 45,234 71,218
Prepayments and accrued income 6,680 6,563
Cash at bank 859,337 1,087,796
911,251 1,165,577
CREDITORS
Amounts falling due within one year 6 474,691 522,643
NET CURRENT ASSETS 436,560 642,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

625,320

742,392

CREDITORS
Amounts falling due after more than one year 7 (13,331 ) (23,511 )

PROVISIONS FOR LIABILITIES (33,269 ) (39,078 )
NET ASSETS 578,720 679,803

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 578,719 679,802
SHAREHOLDERS' FUNDS 578,720 679,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Earthworks (Plant) Limited (Registered number: 03519748)

Balance Sheet - continued
31 March 2024


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 15 July 2024 and were signed on its behalf by:





C P O'Neill - Director


Earthworks (Plant) Limited (Registered number: 03519748)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Earthworks (Plant) 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 represents the value of services supplied in the period, net of value added tax and any discounts given.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Earthworks (Plant) Limited (Registered number: 03519748)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 132,978 1,391 57,717 11,624 203,710
Additions 201,397 - 10,995 - 212,392
Disposals (106,134 ) - (37,000 ) - (143,134 )
At 31 March 2024 228,241 1,391 31,712 11,624 272,968
DEPRECIATION
At 1 April 2023 49,715 609 46,216 7,712 104,252
Charge for year 30,658 195 3,978 2,147 36,978
Eliminated on disposal (26,607 ) - (30,415 ) - (57,022 )
At 31 March 2024 53,766 804 19,779 9,859 84,208
NET BOOK VALUE
At 31 March 2024 174,475 587 11,933 1,765 188,760
At 31 March 2023 83,263 782 11,501 3,912 99,458

5. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 3,660 26,391
Amounts owed by group undertakings 5,496 4,827
Other debtors 10,000 40,000
19,156 71,218

Amounts falling due after more than one year:
Other debtors 26,078 -

Aggregate amounts 45,234 71,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,937 9,694
Trade creditors 7,226 3,293
Amounts owed to group undertakings 314,659 273,101
Taxation and social security 2,951 94,386
Other creditors 139,918 142,169
474,691 522,643

Earthworks (Plant) Limited (Registered number: 03519748)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,331 23,511

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C P O'Neill.

Mr C O'Neill owns 100% of the issued share capital of Mulyak Holdings Limited.