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REGISTERED NUMBER: SC677653 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 10

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mrs A M Taylor
J A Taylor
R E Taylor
K J Taylor





SECRETARY: Mrs A M Taylor





REGISTERED OFFICE: Backhill of Coldwells
Arthrath
Ellon
Aberdeenshire
AB41 8YX





REGISTERED NUMBER: SC677653 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

BALANCE SHEET
31 March 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 728,713 819,802
Tangible assets 5 2,511,892 2,583,074
3,240,605 3,402,876

CURRENT ASSETS
Stocks 6 570,981 431,781
Debtors 7 2,257,442 2,110,560
Cash at bank 377,139 215,778
3,205,562 2,758,119
CREDITORS
Amounts falling due within one year 8 5,628,241 5,674,965
NET CURRENT LIABILITIES (2,422,679 ) (2,916,846 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

817,926

486,030

CREDITORS
Amounts falling due after more than one year 9 (263,002 ) (329,672 )

PROVISIONS FOR LIABILITIES 11 (412,245 ) (288,505 )
NET ASSETS/(LIABILITIES) 142,679 (132,147 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 142,579 (132,247 )
142,679 (132,147 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

BALANCE SHEET - continued
31 March 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 30 November 2023 and were signed on its behalf by:





K J Taylor - Director


JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

JKR Quarries and Concrete Products Limited is a private company, limited by shares , registered in Scotland. 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 2021, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - 5% on cost
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

Plant and Machinery were previously charged at 25% reducing balance. This accounting policy has been updated after a review by the directors who feel that a 10% reducing balance depreciation rate is a more appropriate which reflects the expected life span of the assets held.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 910,891
AMORTISATION
At 1 April 2022 91,089
Amortisation for year 91,089
At 31 March 2023 182,178
NET BOOK VALUE
At 31 March 2023 728,713
At 31 March 2022 819,802

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1 April 2022 745,890 9 28,455 2,196,060
Additions - - - 402,495
Disposals (20,484 ) - - -
At 31 March 2023 725,406 9 28,455 2,598,555
DEPRECIATION
At 1 April 2022 37,302 - 2,398 413,846
Charge for year 37,200 - 2,846 393,593
Eliminated on disposal (1,961 ) - - -
At 31 March 2023 72,541 - 5,244 807,439
NET BOOK VALUE
At 31 March 2023 652,865 9 23,211 1,791,116
At 31 March 2022 708,588 9 26,057 1,782,214

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,710 62,250 22,751 3,057,125
Additions 135 - - 402,630
Disposals - (4,000 ) - (24,484 )
At 31 March 2023 1,845 58,250 22,751 3,435,271
DEPRECIATION
At 1 April 2022 148 16,070 4,287 474,051
Charge for year 347 11,420 7,508 452,914
Eliminated on disposal - (1,625 ) - (3,586 )
At 31 March 2023 495 25,865 11,795 923,379
NET BOOK VALUE
At 31 March 2023 1,350 32,385 10,956 2,511,892
At 31 March 2022 1,562 46,180 18,464 2,583,074

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2022 632,983
Additions 264,000
At 31 March 2023 896,983
DEPRECIATION
At 1 April 2022 47,408
Charge for year 71,757
At 31 March 2023 119,165
NET BOOK VALUE
At 31 March 2023 777,818
At 31 March 2022 585,575

6. STOCKS
2023 2022
as restated
£    £   
Stocks 570,981 431,781

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 1,437,310 1,980,595
Other debtors 820,132 129,965
2,257,442 2,110,560

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Hire purchase contracts (see note 10) 267,523 190,115
Trade creditors 1,108,784 1,085,053
Taxation and social security 106,445 77,370
Other creditors 4,145,489 4,322,427
5,628,241 5,674,965

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Hire purchase contracts (see note 10) 263,002 329,672

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
as restated
£    £   
Net obligations repayable:
Within one year 267,523 190,115
Between one and five years 263,002 329,672
530,525 519,787

Non-cancellable operating leases
2023 2022
as restated
£    £   
Between one and five years 10,018 -

11. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 392,245 288,505
Other provisions 20,000 -
412,245 288,505

Deferred
tax
£   
Balance at 1 April 2022 288,505
Provided during year 103,740
Balance at 31 March 2023 392,245

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

12. PENSION COMMITMENTS

At the balance sheet date, unpaid contributions of £9,953 (2022: £7,234) were due to be paid. This balance is included within other creditors.

13. CONTINGENT LIABILITIES

Included in the financial statements to 31 March 2023 is a provision for contingent liability of £20,000 (2022: £nil) which is for the reinstatement of land at the end of its useful life of 20 years.

14. CAPITAL COMMITMENTS
2023 2022
as restated
£    £   
Contracted but not provided for in the
financial statements 432,450 -

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
as restated
£    £   
R E Taylor
Balance outstanding at start of year 25 -
Amounts advanced - 25
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 25

K J Taylor
Balance outstanding at start of year 25 -
Amounts advanced - 25
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 25

J A Taylor
Balance outstanding at start of year 25 -
Amounts advanced - 25
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 25

Mrs A M Taylor
Balance outstanding at start of year (4,267 ) -
Amounts advanced 4,292 25
Amounts repaid - (4,292 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 (4,267 )

These loans are interest free and have no fixed repayment terms.

JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

16. RELATED PARTY DISCLOSURES

As at 31 March 2023, there is a loan balance due to a company under shared control and ownership as JKR Quarries and Concrete Products Ltd of £4,042,459 (2022: £4,007,964).

This loan is interest free and has no fixed repayment terms.

17. POST BALANCE SHEET EVENTS

In the post year end period, a restructure was underway involving the company and associated companies under the same ownership and management. At this point, the financial effect of the event cannot be estimated, however the restructure is not intended to have any impact on the trading of JKR Quarries and Concrete Products Ltd.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JKR QUARRIES AND CONCRETE PRODUCTS
LIMITED

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 JKR Quarries and Concrete Products Limited for the year ended 31 March 2023 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of JKR Quarries and Concrete Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JKR Quarries and Concrete Products Limited and state those matters that we have agreed to state to the Board of Directors of JKR Quarries and Concrete Products Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that JKR Quarries and Concrete Products 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 JKR Quarries and Concrete Products Limited. You consider that JKR Quarries and Concrete Products 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 JKR Quarries and Concrete Products 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


1 December 2023