REGISTERED NUMBER: 01975558 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MOORHEAD EXCAVATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Fitton

P Horsnall

J M Prutton

SECRETARY:

REGISTERED OFFICE:

Westfield Court

Lower Wortley Road

Leeds

LS12 4PX

REGISTERED NUMBER:

01975558 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

5

2,271,762

2,194,985

CURRENT ASSETS

Debtors

6

4,435,150

3,174,424

Cash at bank and in hand

1,130,537

1,335,501

5,565,687

4,509,925

CREDITORS

Amounts falling due within one year

7

2,004,454

1,719,453

NET CURRENT ASSETS

3,561,233

2,790,472

TOTAL ASSETS LESS CURRENT LIABILITIES

5,832,995

4,985,457

CREDITORS

Amounts falling due after more than one year

8

(1,027,101

)

(934,696

)

PROVISIONS FOR LIABILITIES

(570,752

)

(551,099

)

NET ASSETS

4,235,142

3,499,662

CAPITAL AND RESERVES

Called up share capital

11

15,000

15,000

Retained earnings

4,220,142

3,484,662

SHAREHOLDERS' FUNDS

4,235,142

3,499,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

J M Prutton - Director

1.	STATUTORY INFORMATION

Moorhead Excavations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts ( excluding value added tax) derived from the provision of goods and services to customers during the year, other than on certain long term contracts, where the estimated sales value of work performed in the year is included. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the invoiced amount.

Long term contracts are those exceeding 12 months and any other shorter duration which are material to the activity of the period. Attributable profit is recognised once the outcome of a long term contract can be assessed with reasonable certainty. Attributable profit is recognised on the cost percentage completion method. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Tangible fixed assets are stated at the historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to its present location and condition.

Financial instruments

Financial Assets and Liabilities

The company's group loans receivable and payable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as assets due after more than one year or long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current assets or current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 35 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

5,058,947

Additions

1,036,190

Disposals

(830,111

)

At 31 March 2025

5,265,026

DEPRECIATION

At 1 April 2024

2,863,962

Charge for year

771,201

Eliminated on disposal

(641,899

)

At 31 March 2025

2,993,264

NET BOOK VALUE

At 31 March 2025

2,271,762

At 31 March 2024

2,194,985

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

3,184,477

Additions

1,036,190

At 31 March 2025

4,220,667

DEPRECIATION

At 1 April 2024

1,217,742

Charge for year

732,235

At 31 March 2025

1,949,977

NET BOOK VALUE

At 31 March 2025

2,270,690

At 31 March 2024

1,966,735

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

767,176

540,774

Amounts owed by group undertakings

1,942,876

1,355,030

Amounts recoverable on contract

1,332,501

960,842

Other debtors

336,751

255,602

4,379,304

3,112,248

Amounts falling due after more than one year:

Trade debtors

55,846

62,176

Aggregate amounts

4,435,150

3,174,424

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

795,243

644,479

Trade creditors

731,624

654,431

Amounts owed to group undertakings

91,112

83,556

Taxation and social security

156,323

123,652

Other creditors

230,152

213,335

2,004,454

1,719,453

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

1,027,101

934,696

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

795,243

644,479

Between one and five years

1,027,101

934,696

1,822,344

1,579,175

Non-cancellable

operating leases

2025

2024

£

£

Within one year

199,537

237,123

Between one and five years

440,686

432,484

In more than five years

231,927

299,927

872,150

969,534

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,822,344

1,579,175

The Hire Purchase obligations are secured by the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

15,000

Ordinary

£1

15,000

15,000

12.	OTHER FINANCIAL COMMITMENTS

The company is a guarantor of the buyers duties and obligations to the seller under the Sales Purchase Agreement relating to the purchase of shares by the Moorhead Group Employee Ownership Trust . The directors are presently not aware of any circumstances that may lead to seller making a call under this guarantee.

13.	PARENT UNDERTAKING