Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3152023-01-05truefalsesite clearance, demolition, bulk earth moving, soil stabilisation, groundworks and drainage.trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14573749 2023-01-04 14573749 2023-01-05 2024-01-31 14573749 2022-01-05 2023-01-04 14573749 2024-01-31 14573749 c:Director2 2023-01-05 2024-01-31 14573749 d:CurrentFinancialInstruments 2024-01-31 14573749 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14573749 d:ShareCapital 2024-01-31 14573749 d:RetainedEarningsAccumulatedLosses 2024-01-31 14573749 c:FRS102 2023-01-05 2024-01-31 14573749 c:AuditExempt-NoAccountantsReport 2023-01-05 2024-01-31 14573749 c:FullAccounts 2023-01-05 2024-01-31 14573749 c:PrivateLimitedCompanyLtd 2023-01-05 2024-01-31 14573749 e:PoundSterling 2023-01-05 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 14573749










ON GRADE EARTHWORKS AND STABILISATION LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
ON GRADE EARTHWORKS AND STABILISATION LTD
REGISTERED NUMBER: 14573749

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
72,782

Cash at bank and in hand
  
585

  
73,367

Creditors: amounts falling due within one year
 6 
(86,927)

Net current (liabilities)/assets
  
 
 
(13,560)

Total assets less current liabilities
  
(13,560)

  

Net (liabilities)/assets
  
(13,560)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(13,562)

  
(13,560)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


P Medhurst
Director

Date: 4 October 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
ON GRADE EARTHWORKS AND STABILISATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

On Grade Earthworks and Stabilisation Ltd is a private company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA.
The company was incorporated on 5 January 2023 and commenced trading on that date. These financial statements cover the period from the date of incorporation to the listed period end date. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).


The following principal accounting policies have been applied:

 
2.2

Going concern

Despite net liabilities of £13,560 at the period end, the Directors are comfortable that the company is still in it's start up phase, and believe it to be a going concern. These accounts have therefore been prepared on a going concern basis accordingly. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
ON GRADE EARTHWORKS AND STABILISATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 3

 
ON GRADE EARTHWORKS AND STABILISATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the period was 5.


5.


Debtors

2024
£


Trade debtors
56,345

Other debtors
6,535

Called up share capital not paid
2

Prepayments and accrued income
9,900

72,782


Page 4

 
ON GRADE EARTHWORKS AND STABILISATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
3,563

Other taxation and social security
3,255

Other creditors
77,059

Accruals and deferred income
3,050

86,927



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. 
The pension cost charge represents contributions payable by the Company to the fund and amounted to £660. Contributions totaling £59 were payable to the fund at the balance sheet date and are included in other creditors.

 
Page 5