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REGISTERED NUMBER: 06814670 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

24/7 CONCRETE (SHROPSHIRE) LIMITED

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24/7 CONCRETE (SHROPSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: Mr D B Scott
Mr R W Goodwin





REGISTERED OFFICE: The White Bungalow
Astbury
Bridgnorth
Shropshire
WV16 6AT





REGISTERED NUMBER: 06814670 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

BALANCE SHEET
30TH APRIL 2023

30.4.22 30.4.23
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
83,673 Tangible assets 5 313,272
83,673 313,272

CURRENT ASSETS
46,201 Debtors 6 131,703
306,051 Cash at bank and in hand 95,255
352,252 226,958
CREDITORS
126,043 Amounts falling due within one year 7 119,055
226,209 NET CURRENT ASSETS 107,903
309,882 TOTAL ASSETS LESS CURRENT LIABILITIES 421,175

15,898 PROVISIONS FOR LIABILITIES 68,471
293,984 NET ASSETS 352,704

CAPITAL AND RESERVES
100 Called up share capital 8 100
293,884 Retained earnings 352,604
293,984 SHAREHOLDERS' FUNDS 352,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

BALANCE SHEET - continued
30TH APRIL 2023


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 20th November 2023 and were signed on its behalf by:




Mr D B Scott - Director



Mr R W Goodwin - Director


24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

24/7 Concrete (Shropshire) 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. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost, 25% on reducing balance and 20% on 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.

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 10,937
AMORTISATION
At 1st May 2022
and 30th April 2023 10,937
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 800,751
Additions 251,945
Disposals (60,295 )
At 30th April 2023 992,401
DEPRECIATION
At 1st May 2022 717,078
Charge for year 22,346
Eliminated on disposal (60,295 )
At 30th April 2023 679,129
NET BOOK VALUE
At 30th April 2023 313,272
At 30th April 2022 83,673

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

Plant and
machinery
etc
£   
COST
At 1st May 2022 186,000
Transfer to ownership (186,000 )
At 30th April 2023 -
DEPRECIATION
At 1st May 2022 186,000
Transfer to ownership (186,000 )
At 30th April 2023 -
NET BOOK VALUE
At 30th April 2023 -
At 30th April 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 50,552 45,181
Other debtors 81,151 1,020
131,703 46,201

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts - 6,577
Trade creditors 36,085 50,464
Taxation and social security 2,030 27,031
Other creditors 80,940 41,971
119,055 126,043

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary £1 100 100