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REGISTERED NUMBER: 05419806 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Tyne Tees Crushing & Screening Limited

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tyne Tees Crushing & Screening Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: A Verity





SECRETARY: J A Verity





REGISTERED OFFICE: First Floor
Catterick House
Morton Road
Darlington
DL1 4PT





REGISTERED NUMBER: 05419806 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,102,417 2,554,324

CURRENT ASSETS
Stocks 5 75,962 15,962
Debtors 6 699,160 837,363
Cash at bank and in hand 39,181 79,901
814,303 933,226
CREDITORS
Amounts falling due within one year 7 1,718,087 1,352,804
NET CURRENT LIABILITIES (903,784 ) (419,578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,198,633

2,134,746

CREDITORS
Amounts falling due after more than one
year

8

(1,065,716

)

(1,012,447

)

PROVISIONS FOR LIABILITIES 11 (373,714 ) (390,765 )
NET ASSETS 759,203 731,534

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 759,103 731,434
SHAREHOLDERS' FUNDS 759,203 731,534

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

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

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2024 and were signed by:





A Verity - Director


Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Tyne Tees Crushing & Screening 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However, the validity of the going concern basis is dependent upon the continued support of the major creditors, company's bankers and the director. If the company is unable to continue to trade, adjustments would be required to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reanalyse both fixed assets and long term liabilities as current assets and liabilities. The net current liability of the company is due to the hire purchase obligation which the company has. The director is confident the company would be able to meet the obligations as they fall due.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Income recognition
Income is recognised when a contract for the sale of goods or services is determined as unconditional.

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 finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 10% reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% / 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

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

Work in progress is valued at a percentage of total contract income based on an estimate of the stage of completion of the contract at the year end.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

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 the profit and loss account 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 the profit and loss account in the period to which they relate.

Grants receivable
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Invoice financing
The invoice financing creditor represents amounts received in respect of financed debts. There is full recourse to the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other charges relating to invoice financing are recognised in the profit and loss account over the relevant period.

Related party transactions
All transactions entered into with companies were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 section 1A.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 3,107,553 3,913 201,957 3,313,423
Additions 980,710 7,013 251,064 1,238,787
Disposals (496,750 ) - (29,851 ) (526,601 )
At 31 May 2023 3,591,513 10,926 423,170 4,025,609
DEPRECIATION
At 1 June 2022 588,549 3,469 167,081 759,099
Charge for year 276,305 1,225 46,181 323,711
Eliminated on disposal (135,363 ) - (24,255 ) (159,618 )
At 31 May 2023 729,491 4,694 189,007 923,192
NET BOOK VALUE
At 31 May 2023 2,862,022 6,232 234,163 3,102,417
At 31 May 2022 2,519,004 444 34,876 2,554,324

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022 2,187,361 129,346 2,316,707
Additions 904,500 231,065 1,135,565
Disposals (161,750 ) (29,851 ) (191,601 )
Transfer to ownership (183,050 ) - (183,050 )
Reclassification/transfer 90,000 - 90,000
At 31 May 2023 2,837,061 330,560 3,167,621
DEPRECIATION
At 1 June 2022 194,866 103,220 298,086
Charge for year 229,706 39,044 268,750
Eliminated on disposal (12,131 ) (24,255 ) (36,386 )
Transfer to ownership (41,489 ) - (41,489 )
Reclassification/transfer 36,708 - 36,708
At 31 May 2023 407,660 118,009 525,669
NET BOOK VALUE
At 31 May 2023 2,429,401 212,551 2,641,952
At 31 May 2022 1,992,495 26,126 2,018,621

5. STOCKS
2023 2022
£    £   
Stocks 75,962 15,962

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 660,151 729,275
Taxation and social security 35,883 105,263
Prepayments and accrued income 3,126 2,825
699,160 837,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,715 40,612
Invoice discounting 211,812 167,585
Hire purchase contracts (see note 9) 875,653 680,254
Trade creditors 382,154 296,105
Amounts owed to group undertakings 141,648 141,648
Taxation and social security 8,230 10,144
Other creditors 10,003 7,031
Director's loan account 25,101 -
Accruals and deferred income 17,771 9,425
1,718,087 1,352,804

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 29,891 45,714
Bank loans - 2-5 years - 29,892
Hire purchase contracts (see note 9) 1,031,825 924,591
Deferred government grants 4,000 12,250
1,065,716 1,012,447

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 875,653 680,254
Between one and five years 1,031,825 924,591
1,907,478 1,604,845

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 3,755 4,196
Between one and five years 1,252 5,006
5,007 9,202

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice discounting 211,812 167,585
Hire purchase contracts 1,907,478 1,604,845
2,119,290 1,772,430

The invoice discounting creditor is secured by a fixed and floating charge over the company's assets. Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 373,714 390,765

Deferred
tax
£   
Balance at 1 June 2022 390,765
Accelerated capital allowances (17,051 )
Balance at 31 May 2023 373,714

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

13. RELATED PARTY DISCLOSURES

2023 2022
£ £
Amounts owed to the director 25,101 Nil
There are no terms for repayment. No interest has been charged.

Tyne Tees Crushing & Screening Limited (Registered number: 05419806)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

14. ULTIMATE PARENT COMPANY

The Ultimate Parent Company is Tyne Tees Plant Hire Limited, a company incorporated in England & Wales. The companies registered office is the same as the registered office for Tyne Tees Crushing & Screening Limited which can be found on the Company Information page.