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REGISTERED NUMBER: 09374036 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Excav8 (Staffs) Limited

Excav8 (Staffs) Limited (Registered number: 09374036)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Excav8 (Staffs) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr D R Allen
Mrs D E Allen





REGISTERED OFFICE: 94 Bankside
Walton
Stone
Staffordshire
ST15 0HP





REGISTERED NUMBER: 09374036 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Excav8 (Staffs) Limited (Registered number: 09374036)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,328 45,952

CURRENT ASSETS
Debtors 5 93,075 71,743
Cash at bank 35,115 39,693
128,190 111,436
CREDITORS
Amounts falling due within one year 6 60,778 77,013
NET CURRENT ASSETS 67,412 34,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,740

80,375

CREDITORS
Amounts falling due after more than one
year

7

(19,524

)

(16,740

)

PROVISIONS FOR LIABILITIES (13,337 ) (12,177 )
NET ASSETS 84,879 51,458

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 84,877 51,456
SHAREHOLDERS' FUNDS 84,879 51,458

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

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

Excav8 (Staffs) Limited (Registered number: 09374036)

Balance Sheet - continued
31st 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 20th December 2024 and were signed on its behalf by:





Mr D R Allen - Director


Excav8 (Staffs) Limited (Registered number: 09374036)

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

1. STATUTORY INFORMATION

Excav8 (Staffs) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

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 - 25% 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.

Excav8 (Staffs) Limited (Registered number: 09374036)

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 13,751 67,760 1,971 83,482
Additions - 19,399 - 19,399
Disposals - (10,495 ) - (10,495 )
At 31st March 2024 13,751 76,664 1,971 92,386
DEPRECIATION
At 1st April 2023 11,850 23,709 1,971 37,530
Charge for year 476 12,418 - 12,894
Eliminated on disposal - (8,366 ) - (8,366 )
At 31st March 2024 12,326 27,761 1,971 42,058
NET BOOK VALUE
At 31st March 2024 1,425 48,903 - 50,328
At 31st March 2023 1,901 44,051 - 45,952


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,703 24,295
Other debtors 54,372 47,448
93,075 71,743

Excav8 (Staffs) Limited (Registered number: 09374036)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,819 8,051
Trade creditors 2,347 3,988
Taxation and social security 32,829 31,231
Other creditors 16,783 33,743
60,778 77,013

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 19,524 16,740

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 28,343 24,791

Hire purchase contracts are secured over the assets to which they relate.

9. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £14,158 (2023 - £31,303) owing to the directors of the company. No interest has been paid on these amounts and there are no fixed terms for repayment.