REGISTERED NUMBER: 04701571 (England and Wales)

Andrews Excavations Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D T W Andrews

REGISTERED OFFICE:

Unit 7 Invicta Park

New Hythe Lane

Larkfield

Aylesford

Kent

ME20 7FG

REGISTERED NUMBER:

04701571 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Tangible assets

5

10,025,929

11,101,707

CURRENT ASSETS

Stocks

138,270

24,770

Debtors

6

12,326,503

10,576,951

Cash at bank

1,103,244

1,755,670

13,568,017

12,357,391

CREDITORS

Amounts falling due within one year

7

2,815,933

3,314,481

NET CURRENT ASSETS

10,752,084

9,042,910

TOTAL ASSETS LESS CURRENT LIABILITIES

20,778,013

20,144,617

CREDITORS

Amounts falling due after more than one year

8

(818,717

)

(1,380,356

)

PROVISIONS FOR LIABILITIES

(1,748,486

)

(1,557,166

)

NET ASSETS

18,210,810

17,207,095

CAPITAL AND RESERVES

Called up share capital

10

5,050,100

5,050,100

Retained earnings

13,160,710

12,156,995

SHAREHOLDERS' FUNDS

18,210,810

17,207,095

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 director acknowledges his 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 director and authorised for issue on 19 November 2025 and were signed by:

D T W Andrews - Director

1.	STATUTORY INFORMATION

Andrews 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 (£).

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

These financial statements are prepared on a going concern basis, under the historical cost convention.

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year exclusive of value added tax. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from sale of vehicles and plant are recognised when significant risks and rewards of ownership of the vehicles have been passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transactions will flow to the entity and the costs incurred or to be incurred in respect of transaction can be measured reliably.

Revenue from hire of plant and commercial vehicles are recognised on a straight line basis over the period in which they are hired.

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.

Freehold property

-

not provided

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Commercial vehicles

-

25% on reducing balance

Stocks

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 items. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

2,344,491

899,869

2,687,137

Additions

-

28,001

431,563

Disposals

-

(359,313

)

(929,573

)

Reclassification/transfer

175,182

(275,182

)

152,000

At 31 March 2025

2,519,673

293,375

2,341,127

DEPRECIATION

At 1 April 2024

-

534,696

1,119,124

Charge for year

-

56,230

367,369

Eliminated on disposal

-

(228,018

)

(594,441

)

Reclassification/transfer

115,758

(180,758

)

90,797

At 31 March 2025

115,758

182,150

982,849

NET BOOK VALUE

At 31 March 2025

2,403,915

111,225

1,358,278

At 31 March 2024

2,344,491

365,173

1,568,013

Motor

Commercial

vehicles

vehicles

Totals

£

£

£

COST

At 1 April 2024

600,502

11,093,006

17,625,005

Additions

177,678

2,127,870

2,765,112

Disposals

(35,583

)

(2,192,993

)

(3,517,462

)

Reclassification/transfer

-

(52,000

)

-

At 31 March 2025

742,597

10,975,883

16,872,655

DEPRECIATION

At 1 April 2024

202,234

4,667,244

6,523,298

Charge for year

106,886

1,619,209

2,149,694

Eliminated on disposal

(17,435

)

(986,372

)

(1,826,266

)

Reclassification/transfer

-

(25,797

)

-

At 31 March 2025

291,685

5,274,284

6,846,726

NET BOOK VALUE

At 31 March 2025

450,912

5,701,599

10,025,929

At 31 March 2024

398,268

6,425,762

11,101,707

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

7,237,440

Additions

1,542,750

Disposals

(203,000

)

Transfer to ownership

(4,691,000

)

At 31 March 2025

3,886,190

DEPRECIATION

At 1 April 2024

2,473,499

Charge for year

1,115,791

Eliminated on disposal

(100,378

)

Transfer to ownership

(2,651,990

)

At 31 March 2025

836,922

NET BOOK VALUE

At 31 March 2025

3,049,268

At 31 March 2024

4,763,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

15,989

241,689

Other debtors

12,310,514

10,335,262

12,326,503

10,576,951

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

46,194

Hire purchase contracts

1,346,484

1,888,319

Trade creditors

40,160

289,636

Taxation and social security

225,944

58,262

Other creditors

1,203,345

1,032,070

2,815,933

3,314,481

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

818,717

1,380,356

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

2,165,201

3,268,675

Obligations under finance and hire purchase contracts are secured against the assets to which the liability relates.

On 11 November 2020, the company entered into a financial arrangement with its bankers who in exchange for lending facilities to a related company have taken a debenture charge over the company's assets. This was satisfied on 17 July 2025.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

5,050,100

Ordinary

£1

5,050,100

5,050,100

11.	ULTIMATE CONTROLLING PARTY

Mrs C Andrews is the controlling shareholder of the company.