Cove Farm Quarry Limited 09078106 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Operation of gravel and sand pits; mining of clays and kaolin. Digita Accounts Production Advanced 6.30.9574.0 true 09078106 2022-07-01 2023-06-30 09078106 2023-06-30 09078106 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 09078106 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 09078106 core:PlantMachinery 2023-06-30 09078106 bus:SmallEntities 2022-07-01 2023-06-30 09078106 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 09078106 bus:FullAccounts 2022-07-01 2023-06-30 09078106 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 09078106 bus:RegisteredOffice 2022-07-01 2023-06-30 09078106 bus:Director3 2022-07-01 2023-06-30 09078106 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09078106 core:Buildings 2022-07-01 2023-06-30 09078106 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09078106 core:PlantMachinery 2022-07-01 2023-06-30 09078106 countries:AllCountries 2022-07-01 2023-06-30 09078106 2022-06-30 09078106 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 09078106 core:PlantMachinery 2022-06-30 09078106 2021-07-01 2022-06-30 09078106 2022-06-30 09078106 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 09078106 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 09078106 core:PlantMachinery 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 09078106

Cove Farm Quarry Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Cove Farm Quarry Limited

(Registration number: 09078106)

Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

18,528

57,257

Current assets

 

Debtors

4

180,299

154,467

Cash at bank and in hand

 

215,793

386,220

 

396,092

540,687

Creditors: Amounts falling due within one year

5

(249,940)

(365,888)

Net current assets

 

146,152

174,799

Total assets less current liabilities

 

164,680

232,056

Provisions for liabilities

(4,632)

(4,278)

Net assets

 

160,048

227,778

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

159,948

227,678

Shareholders' funds

 

160,048

227,778

For the financial year ending 30 June 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.

 

Cove Farm Quarry Limited

(Registration number: 09078106)

Balance Sheet as at 30 June 2023

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 and the option not to file the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 4 March 2024
 

.........................................

P V Morris
Director

 

Cove Farm Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

Accounting policies

Cove Farm Quarry Limited is a private company, limited by shares, domiciled in England and Wales, company number 09078106. The registered office is at Cove Farm Quarry, Cove Road, Westwoodside, Doncaster, DN9 2BB.

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 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.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Tax

The tax expense for the period recognises current and deferred tax. Tax is recognised in profit and 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

Cove Farm Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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

Plant and machinery

25% reducing balance

Leasehold building improvements

10% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Tangible assets

Long leasehold properties
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 July 2022

72,987

42,176

115,163

Additions

-

5,812

5,812

Disposals

(72,987)

-

(72,987)

At 30 June 2023

-

47,988

47,988

Depreciation

At 1 July 2022

32,845

25,061

57,906

Charge for the year

-

4,399

4,399

Eliminated on disposal

(32,845)

-

(32,845)

At 30 June 2023

-

29,460

29,460

Carrying amount

At 30 June 2023

-

18,528

18,528

At 30 June 2022

40,142

17,115

57,257

Included within the net book value of land and buildings above is £Nil (2022 - £40,142) in respect of leasehold building improvements.
 

 

Cove Farm Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Debtors

2023
 £

2022
 £

Trade debtors

174,059

148,354

Other debtors

6,240

5,488

Prepayments

-

625

 

180,299

154,467

5

Creditors

Creditors: amounts falling due within one year

2023
 £

2022
 £

Trade creditors

21,702

111,556

Social security and other taxes

2,418

10,631

Accruals and deferred income

218,875

230,256

Corporation tax

6,945

13,445

249,940

365,888