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REGISTERED NUMBER: 13870538 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 25 JANUARY 2022 TO 31 OCTOBER 2022

FOR

STORRINGTON SAND QUARRY LIMITED

STORRINGTON SAND QUARRY LIMITED (REGISTERED NUMBER: 13870538)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 JANUARY 2022 TO 31 OCTOBER 2022




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


STORRINGTON SAND QUARRY LIMITED (REGISTERED NUMBER: 13870538)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2022

Notes £    £   
FIXED ASSETS
Tangible assets 5 9,784

CURRENT ASSETS
Debtors 6 371,872
Cash at bank and in hand 135,735
507,607
CREDITORS
Amounts falling due within one year 7 236,122
NET CURRENT ASSETS 271,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,269

PROVISIONS FOR LIABILITIES 1,859
NET ASSETS 279,410

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 279,310
SHAREHOLDERS' FUNDS 279,410

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





R Foss - Director


STORRINGTON SAND QUARRY LIMITED (REGISTERED NUMBER: 13870538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 JANUARY 2022 TO 31 OCTOBER 2022

1. STATUTORY INFORMATION

Storrington Sand Quarry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13870538

Registered office: Chancery House
3 Hatchlands Road
Redhill
Surrey
RH1 6AA

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


All amounts 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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company either as a lessor or a lessee are operating lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine whether there are indicators of impairment of the company's tangible and intangible assets, including goodwill. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

STORRINGTON SAND QUARRY LIMITED (REGISTERED NUMBER: 13870538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 25 JANUARY 2022 TO 31 OCTOBER 2022

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Financial instruments
Basic financial assets, which include trade debtors, other debtors and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost.

Basic financial liabilities, including trade creditors, other creditors and amounts owed to group undertakings, are initially recognised at transaction price and are subsequently recognised at amortised cost.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

The company has no financial assets or financial liabilities measured at fair value nor does it have external borrowings. The company is not exposed to any material risk arising from the interest rate benchmark reform as LIBOR is replaced with alternative benchmark interest rates.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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 period was 3 .

STORRINGTON SAND QUARRY LIMITED (REGISTERED NUMBER: 13870538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 25 JANUARY 2022 TO 31 OCTOBER 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 10,476
At 31 October 2022 10,476
DEPRECIATION
Charge for period 692
At 31 October 2022 692
NET BOOK VALUE
At 31 October 2022 9,784

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 358,490
Other debtors 13,382
371,872

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 25,541
Amounts owed to group undertakings 63,210
Taxation and social security 135,087
Other creditors 12,284
236,122

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susan Jones FCA (Senior Statutory Auditor)
for and on behalf of Vista Audit LLP

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Foss & Co Group Limited, and the immediate parent company is Foss Holdings Limited, both companies registered in England and Wales. The registered office of both companies is Chancery House, 3 Hatchlands Road, Redhill, Surrey RH1 6AA. Copies of the parent's accounts can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.