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REGISTERED NUMBER: 04701277 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th April 2023

for

WHITE HARE AGGREGATES
LIMITED

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Contents of the Financial Statements
for the year ended 30th April 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


WHITE HARE AGGREGATES
LIMITED

Company Information
for the year ended 30th April 2023







DIRECTOR: Mr L Whitehair





SECRETARY: Mrs L E Whitehair





REGISTERED OFFICE: Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN





REGISTERED NUMBER: 04701277 (England and Wales)





ACCOUNTANTS: Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
White Hare Aggregates
Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of White Hare Aggregates Limited for the year ended 30th April 2023 which comprise the Profit and Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of White Hare Aggregates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of White Hare Aggregates Limited and state those matters that we have agreed to state to the director of White Hare Aggregates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than White Hare Aggregates Limited and its director for our work or for this report.

It is your duty to ensure that White Hare Aggregates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of White Hare Aggregates Limited. You consider that White Hare Aggregates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of White Hare Aggregates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


23rd November 2023

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,769,552 1,845,848

CURRENT ASSETS
Stocks 58,000 45,000
Debtors 5 721,991 690,650
Cash at bank and in hand 371,094 407,719
1,151,085 1,143,369
CREDITORS
Amounts falling due within one year 6 1,078,942 1,242,721
NET CURRENT ASSETS/(LIABILITIES) 72,143 (99,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,841,695

1,746,496

CREDITORS
Amounts falling due after more than one
year

7

(601,219

)

(598,856

)

PROVISIONS FOR LIABILITIES (137,933 ) (99,916 )
NET ASSETS 1,102,543 1,047,724

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 163,312 301,935
Retained earnings 939,227 745,785
SHAREHOLDERS' FUNDS 1,102,543 1,047,724

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 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.

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd November 2023 and were signed by:





Mr L Whitehair - Director


WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Notes to the Financial Statements
for the year ended 30th April 2023


1. STATUTORY INFORMATION

White Hare Aggregates 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.

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 as modified by the revaluation of certain assets.

Turnover
The turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Notes to the Financial Statements - continued
for the year ended 30th April 2023


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Land and buildings- 20% straight line
Plant and machinery etc- 6.25%, 20%, 25%, 33% straight line and over the term of a finance lease less
residual value

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If Stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Notes to the Financial Statements - continued
for the year ended 30th April 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised are recognised in profit or loss as they become payable.

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.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 24 ) .

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Notes to the Financial Statements - continued
for the year ended 30th April 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st May 2022 32,060 3,742,384 3,774,444
Additions - 255,500 255,500
Disposals - (370,000 ) (370,000 )
At 30th April 2023 32,060 3,627,884 3,659,944
DEPRECIATION
At 1st May 2022 32,060 1,896,536 1,928,596
Charge for year - 152,413 152,413
Eliminated on disposal - (190,617 ) (190,617 )
At 30th April 2023 32,060 1,858,332 1,890,392
NET BOOK VALUE
At 30th April 2023 - 1,769,552 1,769,552
At 30th April 2022 - 1,845,848 1,845,848

Plant and machinery were reviewed on 30th April 2023 and were revalued on an open market basis by the Company's directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 632,809 559,102
Other debtors 89,182 131,548
721,991 690,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,888 25,970
Hire purchase contracts and finance leases (see note 8)
194,507

262,649
Trade creditors 707,405 763,036
Taxation and social security 64,519 16,805
Other creditors 84,623 174,261
1,078,942 1,242,721

WHITE HARE AGGREGATES
LIMITED (REGISTERED NUMBER: 04701277)

Notes to the Financial Statements - continued
for the year ended 30th April 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 100,965 128,852
Hire purchase contracts and finance leases (see note 8)
458,196

470,004
Other creditors 42,058 -
601,219 598,856

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 5,793

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
2023 2022 2023 2022
£    £    £    £   
Net obligations repayable:
Within one year 148,410 128,842 46,097 133,807
Between one and five years 458,196 423,907 - 46,097
606,606 552,749 46,097 179,904

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 128,853 154,822
Finance leases 46,097 179,904
Hire purchase 606,606 552,749
781,556 887,475

The bank loan is secured by the Coronavirus Business Interruption Loan Scheme provided by the government during the coronavirus outbreak.

The finance leases and hire purchase balances are secured against the assets to which they relate to.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date there were directors' current account balances totalling £102,058 (2022: £151,370).