Company Registration No. 08609442 (England and Wales)
Urban Earth S. W. Ltd
Unaudited accounts
for the year ended 31 July 2024
Urban Earth S. W. Ltd
Unaudited accounts
Contents
Urban Earth S. W. Ltd
Company Information
for the year ended 31 July 2024
Company Number
08609442 (England and Wales)
Registered Office
Off 7A Unit 16 Dinan Way Trading Estate
Concorde Road
Exmouth
EX8 4RS
England
Urban Earth S. W. Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
203,656
181,126
Cash at bank and in hand
64,123
112,105
Creditors: amounts falling due within one year
(258,450)
(196,145)
Net current (liabilities)/assets
(95,820)
30,095
Total assets less current liabilities
107,836
211,221
Creditors: amounts falling due after more than one year
(93,699)
(101,007)
Provisions for liabilities
Deferred tax
(18,351)
(12,617)
Net (liabilities)/assets
(4,214)
97,597
Called up share capital
100
100
Profit and loss account
(4,314)
97,497
Shareholders' funds
(4,214)
97,597
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
Philip Yolland
Director
Company Registration No. 08609442
Urban Earth S. W. Ltd
Notes to the Accounts
for the year ended 31 July 2024
Urban Earth S. W. Ltd is a private company, limited by shares, registered in England and Wales, registration number 08609442. The registered office is Off 7A Unit 16 Dinan Way Trading Estate, Concorde Road, Exmouth, EX8 4RS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance basis
Fixtures & fittings
20% Reducing Balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Urban Earth S. W. Ltd
Notes to the Accounts
for the year ended 31 July 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
165,343
155,507
13,046
333,896
Additions
798
63,835
578
65,211
At 31 July 2024
166,141
219,342
13,624
399,107
At 1 August 2023
63,255
80,409
9,106
152,770
Charge for the year
15,391
26,387
903
42,681
At 31 July 2024
78,646
106,796
10,009
195,451
At 31 July 2024
87,495
112,546
3,615
203,656
At 31 July 2023
102,088
75,098
3,940
181,126
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
27,327
32,149
- Motor vehicles
100,670
70,391
Urban Earth S. W. Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
21,915
43,026
Accrued income and prepayments
11,445
11,109
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
52,306
42,361
Trade creditors
115,301
82,553
Taxes and social security
10,128
9,735
Other creditors
2,014
2,112
Loans from directors
-
738
Deferred income
38,094
12,221
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
81,608
78,916
9
Operating lease commitments
2024
2023
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,662
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(738)
56,845
51,094
5,013
11
Average number of employees
During the year the average number of employees was 16 (2023: 17).