Terra Works Limited - Filleted accounts

Registered number

10209099

Terra Works Limited

Filleted Accounts

for the year ended 31 March 2025

Terra Works Limited
Registered number:		10209099
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		30,960			25,129

Current assets
Debtors	4	-			2,014
Cash at bank and in hand		42,560			47,037
		42,560			49,051

Creditors: amounts falling due within one year	5	(283)			2,697

Net current assets/(liabilities)			42,277			51,748

Net assets			73,237			76,877

Capital and reserves
Called up share capital			100			100
Profit and loss account			73,137			76,777

Shareholder's funds			73,237			76,877

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Philip Lownsbrough
Director
Approved by the board on 16 May 2025

Terra Works Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2

3	Tangible fixed assets
		Motor vehicle		Plant and machinery		Total
£			£		£
	Cost
	At 1 April 2024	35,518		127,301		162,819
	Additions	7,995		4,914		12,909
	At 31 March 2025	43,513		132,215		175,728

	Depreciation
	At 1 April 2024	11,580		126,110		137,690
	Charge for the year	5,438		1,640		7,078
	At 31 March 2025	17,018		127,750		144,768

	Net book value
	At 31 March 2025	26,495		4,465		30,960
	At 31 March 2024	23,938		1,191		25,129


4	Debtors			2025		2024
£					£

	Trade debtors			-		2,014


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security			-		1,069
	Accrual			1,626		-
	Director's account			1,212		143
	Corporation tax			(83)		(83)
	VAT			(2,472)		(3,826)
				283		(2,697)


6	Profit and loss account			2025
£

	At 1 Apr 2024			76,777
	Profit/(loss) for the year			6,360
	Dividends			(10,000)
	At 31 Mar 2025			73,137


7	Dividends			2025		2024
£					£

	Dividends for which the company became liable during the year:
	Dividends paid			10,000		-
				10,000		-


8	Related party transactions

	Included within the creditors at the year end is £1212 (2024 £143) due to Mr P Lownsbrough, the company director. During the period the company paid £35,096 of expenses on behalf of the director and the director introduced £36,165.


9	Controlling party

	The ultimate controlling party is the sole director Mr P Lownsbrough.


10	Other information

	Terra Works Limited is a private company limited by shares and incorporated in England. Its registered office is:
	119 Kiln Croft
	Clayton-Le-Woods
	Chorley
	PR6 7UB