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Registered Number: 09010490
England and Wales

 

 

 

CITY EXCAVATIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 894,256    1,070,619 
894,256    1,070,619 
Current assets      
Debtors 735,284    840,574 
Cash at bank and in hand 235,543    267,238 
970,827    1,107,812 
Creditors: amount falling due within one year (423,353)   (495,312)
Net current assets 547,474    612,500 
 
Total assets less current liabilities 1,441,730    1,683,119 
Creditors: amount falling due after more than one year (60,609)   (159,908)
Provisions for liabilities (223,730)   (226,704)
Net assets 1,157,391    1,296,507 
 

Capital and reserves
     
Called up share capital 3    3 
Profit and loss account 1,157,388    1,296,504 
Shareholders' funds 1,157,391    1,296,507 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 September 2024 and were signed by:


-------------------------------
Mark Chaisty
Director
1
General Information
City Excavations Ltd is a private company, limited by shares, registered in England and Wales, registration number 09010490, registration address 651 Eccles New Road, Salford, Manchester, M50 1BA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Office Equipment 15% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees in previous and current year was 
Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Office Equipment   Total
  £   £   £   £
At 01 May 2023 1,525,543    32,940    77,992    1,636,475 
Additions 117,000    8,000      125,000 
Disposals (174,106)     (3,122)   (177,228)
At 30 April 2024 1,468,437    40,940    74,870    1,584,247 
Depreciation
At 01 May 2023 514,442    17,857    33,557    565,856 
Charge for year 148,297    5,771    6,458    160,526 
On disposals (34,648)     (1,743)   (36,391)
At 30 April 2024 628,091    23,628    38,272    689,991 
Net book values
Closing balance as at 30 April 2024 840,346    17,312    36,598    894,256 
Opening balance as at 01 May 2023 1,011,101    15,083    44,435    1,070,619 

The net book value of Plant and Machinery includes £ 359,032 (2023 £411,498) in respect of assets leased under finance leases or hire purchase contracts.

2