Oban Earthworks Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10778286

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		287,155		350,195

			287,155		350,195
CURRENT ASSETS
Debtors	5	1,031		194,495
Investments	6	12,500		12,500
Cash at bank and in hand		7,727		151,320

		21,258		358,315
Creditors: Amounts Falling Due Within One Year	7	(1,539,428 )		(1,744,815 )

NET CURRENT ASSETS (LIABILITIES)			(1,518,170 )		(1,386,500 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,231,015 )		(1,036,305 )

NET LIABILITIES			(1,231,015 )		(1,036,305 )

CAPITAL AND RESERVES
Called up share capital	8		50,000		50,000
Profit and Loss Account			(1,281,015 )		(1,086,305 )

SHAREHOLDERS' FUNDS			(1,231,015)		(1,036,305)

For the year ending 31 December 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jorge FERNANDEZ FERNANDEZ

Director

06/08/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Oban Earthworks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10778286 . The registered office is 3-7 Temple Avenue, Suite 259 Temple Chambers, London, EC4Y 0DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	18%RBM
Motor Vehicles	18%RBM
Fixtures & Fittings	20%RBM

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	673,759	28,125	1,166	703,050

As at 31 December 2024	673,759	28,125	1,166	703,050

Depreciation
As at 1 January 2024	330,131	21,773	951	352,855
Provided during the period	61,853	1,144	43	63,040

As at 31 December 2024	391,984	22,917	994	415,895

Net Book Value
As at 31 December 2024	281,775	5,208	172	287,155

As at 1 January 2024	343,628	6,352	215	350,195

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Oban Earthworks Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	76	185,427
VAT	955	9,068

	1,031	194,495

6. Current Asset Investments

	2024	2023
	£	£
Short term deposits	12,500	12,500

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	1,539,428	1,738,343
Other taxes and social security	-	5,507
Pension contribution payable	-	965

	1,539,428	1,744,815

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	50,000	50,000

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