Down to Earth Groundwork & landscaping Ltd 12770419 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of groundworks & landscaping. Digita Accounts Production Advanced 6.30.9574.0 true true 12770419 2023-10-01 2024-09-30 12770419 2024-09-30 12770419 core:CurrentFinancialInstruments 2024-09-30 12770419 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12770419 core:FurnitureFittingsToolsEquipment 2024-09-30 12770419 core:MotorVehicles 2024-09-30 12770419 1 2024-09-30 12770419 bus:SmallEntities 2023-10-01 2024-09-30 12770419 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12770419 bus:FullAccounts 2023-10-01 2024-09-30 12770419 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12770419 bus:RegisteredOffice 2023-10-01 2024-09-30 12770419 bus:Director1 2023-10-01 2024-09-30 12770419 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12770419 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 12770419 core:MotorVehicles 2023-10-01 2024-09-30 12770419 core:OfficeEquipment 2023-10-01 2024-09-30 12770419 core:PlantMachinery 2023-10-01 2024-09-30 12770419 countries:AllCountries 2023-10-01 2024-09-30 12770419 1 2023-10-01 2024-09-30 12770419 2023-09-30 12770419 core:FurnitureFittingsToolsEquipment 2023-09-30 12770419 core:MotorVehicles 2023-09-30 12770419 1 2023-09-30 12770419 2022-10-01 2023-09-30 12770419 2023-09-30 12770419 core:CurrentFinancialInstruments 2023-09-30 12770419 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12770419 core:FurnitureFittingsToolsEquipment 2023-09-30 12770419 core:MotorVehicles 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 12770419

Down to Earth Groundwork & landscaping Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Down to Earth Groundwork & landscaping Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Down to Earth Groundwork & landscaping Ltd

(Registration number: 12770419)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,755

10,194

Current assets

 

Debtors

5

9,997

38,611

Cash at bank and in hand

 

10,476

27,243

 

20,473

65,854

Creditors: Amounts falling due within one year

6

(36,115)

(32,851)

Net current (liabilities)/assets

 

(15,642)

33,003

Net assets

 

113

43,197

Capital and reserves

 

Called up share capital

100

100

Retained earnings

13

43,097

Shareholders' funds

 

113

43,197

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 March 2025
 

.........................................
Mr J Johnson
Director

 

Down to Earth Groundwork & landscaping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
18 Weston Close
Newcastle - under - Lyme
Stoke-on-Trent
ST5 9AW

These financial statements were authorised for issue by the director on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Down to Earth Groundwork & landscaping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% reducing balance

Plant & Machinery

20% reducing balance

Office Equipment

20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Down to Earth Groundwork & landscaping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Down to Earth Groundwork & landscaping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

6,742

6,000

12,742

Additions

9,500

-

9,500

At 30 September 2024

16,242

6,000

22,242

Depreciation

At 1 October 2023

1,348

1,200

2,548

Charge for the year

2,979

960

3,939

At 30 September 2024

4,327

2,160

6,487

Carrying amount

At 30 September 2024

11,915

3,840

15,755

At 30 September 2023

5,394

4,800

10,194

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

8,448

36,033

Other debtors

1,549

2,578

 

9,997

38,611

 

Down to Earth Groundwork & landscaping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

31,372

16,929

Taxation and social security

3,648

9,577

Accruals and deferred income

1,095

1,050

Other creditors

-

5,295

36,115

32,851

7

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

 

Down to Earth Groundwork & landscaping Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Directos loan

5,295

(29,412)

22,567

(1,550)