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Registered number: 10134529
Iron & Earth Equipment Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge, Folkestone
Kent
CT18 7TQ
Iron & Earth Equipment Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—8

Page 1
Iron & Earth Equipment Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 10134529

| 31 December 2025 | 31 December 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 159,066 |  | 154,238
|  |  | 159,066 |  | 154,238
CURRENT ASSETS
Stocks | 5 | 848,594 |  | 960,160 |
Debtors | 6 | 921,685 |  | 690,666 |
Cash at bank and in hand |  | 347,245 |  | 354,681 |
|  | 2,117,524 |  | 2,005,507 |
Creditors: Amounts Falling Due Within One Year | 7 | (576,641 ) |  | (440,489 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,540,883 |  | 1,565,018
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,699,949 |  | 1,719,256
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (181,620 ) |  | (172,835 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (44,767 ) |  | (38,560 )
NET ASSETS |  |  | 1,473,562 |  | 1,507,861
CAPITAL AND RESERVES
Called up share capital | 11 |  | 1,200 |  | 1,100
Profit and Loss Account |  |  | 1,472,362 |  | 1,506,761
SHAREHOLDERS' FUNDS |  |  | 1,473,562 |  | 1,507,861

Page 1
Page 2
Iron & Earth Equipment Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 2025 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 B Oakhill Director
17/03/2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Iron & Earth Equipment Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Iron & Earth Equipment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10134529 . The registered office is The Stockyard, Alkington Lane, Berkeley, Glos, Gloucester, GL13 9PL.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.
No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.
2.4. 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.
2.5. 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 | 10% Straight Line
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 10% Straight Line
Computer Equipment | 20% Straight Line

2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
Iron & Earth Equipment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.9. Interest Receivable
Interest income is recognised in the profit and loss account using the effective interest method.
2.10. Interest Payable
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.11. 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.
2.12. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.13. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 14)
15 14
Page 4
Page 5
Iron & Earth Equipment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 January 2025 | 112,342 | 134,123 | 10,078 | 10,849 | 267,392
Additions | 25,960 | - | 7,761 | 5,048 | 38,769
Disposals | - | (7,550 ) | - | - | (7,550 )
As at 31 December 2025 | 138,302 | 126,573 | 17,839 | 15,897 | 298,611
Depreciation
As at 1 January 2025 | 36,352 | 63,644 | 4,395 | 8,763 | 113,154
Provided during the period | 12,037 | 17,551 | 1,380 | 1,980 | 32,948
Disposals | - | (6,557 ) | - | - | (6,557 )
As at 31 December 2025 | 48,389 | 74,638 | 5,775 | 10,743 | 139,545
Net Book Value
As at 31 December 2025 | 89,913 | 51,935 | 12,064 | 5,154 | 159,066
As at 1 January 2025 | 75,990 | 70,479 | 5,683 | 2,086 | 154,238

5. Stocks

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Materials | 848,594 |  | 960,160

6. Debtors

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 422,368 |  | 342,867
Prepayments and accrued income | 26,118 |  | 10,054
VAT | 19,895 |  | -
| 468,381 |  | 352,921
Due after more than one year
Amounts owed by associates | 453,304 |  | 337,745
| 921,685 |  | 690,666

Page 5
Page 6
Iron & Earth Equipment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Creditors: Amounts Falling Due Within One Year

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 8,713 |  | 9,417
Trade creditors | 213,994 |  | 41,318
Bank loans and overdrafts | 62,500 |  | 50,000
Corporation tax | 74,838 |  | 137,194
Other taxes and social security | 12,919 |  | 10,073
VAT | - |  | 39,461
Pension contributions due | 4,221 |  | 5,461
Accruals and deferred income | 150,487 |  | 102,346
Payments on account | 48,969 |  | 45,219
| 576,641 |  | 440,489

8. Creditors: Amounts Falling Due After More Than One Year

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 12,497 |  | 21,211
Bank loans | - |  | 62,500
Other creditors | 169,123 |  | 89,124
| 181,620 |  | 172,835

9. Loans
An analysis of the maturity of loans is given below:

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 62,500 |  | 50,000

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | - |  | 62,500

Page 6
Page 7
Iron & Earth Equipment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Obligations Under Finance Leases and Hire Purchase

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 8,713 |  | 9,417
Later than one year and not later than five years | 12,497 |  | 21,211
| 21,210 |  | 30,628
| 21,210 |  | 30,628

11. Share Capital

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,200 |  | 1,100

12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 20,223 |  | -
Later than one year and not later than five years | 79,947 |  | -
| 100,170 |  | -

13. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £NIL.
At the balance sheet date contributions of £1,604 (2024: £2,075) were due to the fund and are included in creditors.
14. Related Party Disclosures
Entities with control, joint control or significant influence over the entity
Charles Florence Limited
Charles Florence Limited owns the trading premises that Iron & Earth Equipment Limited operate from, the Company pays a rent £76,000 (2024 £56,000).
...CONTINUED
Page 7
Page 8
Iron & Earth Equipment Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
14. Related Party Disclosures - continued
Loans to related parties

| 2025 |  | 2024
| £ |  | £
At start of period | 337,745 |  | 282,017
Advanced | 115,559 |  | 55,729
Repaid | - |  | -
At end of period | 453,304 |  | 337,745

Charles Florence Limited owes Iron & Earth Equipment Limited a loan as detailed above there are no terms of repayment or interest charged.
Entities that provide key management personnel services to the entity
Loans from related parties

| 2025 |  | 2024
| £ |  | £
At start of period | 89,124 |  | 105,124
Advanced | 239,999 |  | 230,000
Repaid | (160,000) |  | (246,000)
At end of period | 169,123 |  | 89,124

Page 8