Aggregate Recycling (UK) Limited 04045732 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the treatment and disposal of non-hazardous waste. Digita Accounts Production Advanced 6.30.9574.0 true true 04045732 2022-04-01 2023-03-31 04045732 2023-03-31 04045732 bus:Director1 1 2023-03-31 04045732 core:CurrentFinancialInstruments 2023-03-31 04045732 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04045732 core:Non-currentFinancialInstruments 2023-03-31 04045732 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04045732 core:FurnitureFittingsToolsEquipment 2023-03-31 04045732 core:MotorVehicles 2023-03-31 04045732 bus:SmallEntities 2022-04-01 2023-03-31 04045732 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04045732 bus:FullAccounts 2022-04-01 2023-03-31 04045732 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04045732 bus:RegisteredOffice 2022-04-01 2023-03-31 04045732 bus:Director1 2022-04-01 2023-03-31 04045732 bus:Director1 1 2022-04-01 2023-03-31 04045732 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04045732 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04045732 core:MotorVehicles 2022-04-01 2023-03-31 04045732 core:PlantMachinery 2022-04-01 2023-03-31 04045732 countries:England 2022-04-01 2023-03-31 04045732 2022-03-31 04045732 bus:Director1 1 2022-03-31 04045732 core:FurnitureFittingsToolsEquipment 2022-03-31 04045732 core:MotorVehicles 2022-03-31 04045732 2021-04-01 2022-03-31 04045732 2022-03-31 04045732 core:CurrentFinancialInstruments 2022-03-31 04045732 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04045732 core:Non-currentFinancialInstruments 2022-03-31 04045732 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 04045732 core:FurnitureFittingsToolsEquipment 2022-03-31 04045732 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04045732

Aggregate Recycling (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Aggregate Recycling (UK) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Aggregate Recycling (UK) Limited

Company Information

Director

M A Reay

Registered office

Hereford Road
Pocklington Industrial Estate
Pocklington
York
YO42 1NR

 

Aggregate Recycling (UK) Limited

(Registration number: 04045732)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

950,491

980,331

Current assets

 

Debtors

5

823,046

783,046

Cash at bank and in hand

 

743,040

370,920

 

1,566,086

1,153,966

Creditors: Amounts falling due within one year

6

(444,994)

(332,468)

Net current assets

 

1,121,092

821,498

Total assets less current liabilities

 

2,071,583

1,801,829

Creditors: Amounts falling due after more than one year

6

(234,393)

(416,062)

Provisions for liabilities

(179,098)

(51,098)

Net assets

 

1,658,092

1,334,669

Capital and reserves

 

Called up share capital

1

1

Retained earnings

1,658,091

1,334,668

Shareholders' funds

 

1,658,092

1,334,669

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 November 2023
 

.........................................
M A Reay
Director

 

Aggregate Recycling (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private limited company incorporated in England and Wales and the company registration number is 04045732.

The address of its registered office is:
Hereford Road
Pocklington Industrial Estate
Pocklington
York
YO42 1NR

These financial statements were authorised for issue by the director on 20 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 (including Section 1A) - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aggregate Recycling (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Plant and machinery

15% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Aggregate Recycling (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 12 (2022 - 11).

 

Aggregate Recycling (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Plant and machinery
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

1,391,345

541,779

1,933,124

Additions

3,292

231,158

234,450

Disposals

-

(51,683)

(51,683)

At 31 March 2023

1,394,637

721,254

2,115,891

Depreciation

At 1 April 2022

425,411

527,382

952,793

Charge for the year

208,269

53,624

261,893

Eliminated on disposal

-

(49,286)

(49,286)

At 31 March 2023

633,680

531,720

1,165,400

Carrying amount

At 31 March 2023

760,957

189,534

950,491

At 31 March 2022

965,934

14,397

980,331

5

Debtors

Note

2023
£

2022
£

Trade debtors

 

246,191

273,696

Amounts owed by related parties

8

220,000

320,000

Other debtors

 

349,429

171,563

Prepayments

 

7,426

17,787

 

823,046

783,046

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

42,328

50,453

Taxation and social security

 

116,139

8,116

Other creditors

 

5,629

10,925

Accruals and deferred income

 

23,485

31,739

HP and finance lease liabilities

7

257,413

231,235

 

444,994

332,468

Due after one year

 

HP and finance lease liabilities

7

234,393

416,062

 

Aggregate Recycling (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Loans and borrowings

2023
£

2022
£

Non-current secured loans and borrowings

Obligations under finance lease and hire purchase

234,393

416,062

2023
£

2022
£

Current secured loans and borrowings

Obligations under finance lease and hire purchase

257,413

231,235

The hire purchase obligations are secured on the asset they relate to.

8

Related party transactions

Transactions with the Director

2023

At 1 April 2022
£

Advances to Director
£

Repayments by Director
£

At 31 March 2023
£

M A Reay

Unsecured, interest free loan repayable on demand

(49,994)

(300,000)

50,000

(299,994)

         
       

 

Other transactions with the Director

At the year end, the amount due from the director was £299,994 (2022: £49,994). The amout is unsecured, interest-free and repayable on demand.

The Director loan was repaid in full on 06/04/2023.

Summary of transactions with other related parties

Lane Rental Plant Hire Limited (a Company to whom Aggregate Recycling UK Limited share common ownership)

At the year end, the amount due from Lane Rental Plant Hire Limited was £220,000 (2022: £320,000). The amout was unsecured, interest-free and repayable on demand. There were no net sales or purchases in the year between the entities.


Lane Rental Services Limited (a Company to whom Aggregate Recycling UK Limited share common ownership)

At the year end, the amount due from Lane Rental Services Limited was £11,220 (2022: £24,335). The amount is unsecured, interest-free and repayable on demand. Net sales to Lane Rental Services Limited amounted to £11,897 (2022: £Nil) and net purchases in the year amounted to £240,428 (2022: £86,171).