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REGISTERED NUMBER: 13626276 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Llynclys Aggregates Ltd

Llynclys Aggregates Ltd (Registered number: 13626276)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Llynclys Aggregates Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A F Moss
L S Talbot





REGISTERED OFFICE: Site 7, Meriden Park Cornets End Lane
Meriden
Coventry
CV7 7LG





REGISTERED NUMBER: 13626276 (England and Wales)





AUDITORS: Thornton Springer LLP
Chartered Accountants and
Statutory Auditor
67 Westow Street
London
SE19 3RW

Llynclys Aggregates Ltd (Registered number: 13626276)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,160,489 318,444

CURRENT ASSETS
Stocks 270,525 203,000
Debtors 6 1,197,695 461,010
Cash at bank and in hand 50,031 83,683
1,518,251 747,693
CREDITORS
Amounts falling due within one year 7 (1,627,566 ) (1,022,858 )
NET CURRENT LIABILITIES (109,315 ) (275,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,051,174

43,279

CREDITORS
Amounts falling due after more than one
year

8

(681,764

)

-
NET ASSETS 369,410 43,279

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 369,409 43,278
SHAREHOLDERS' FUNDS 369,410 43,279

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 15 March 2024 and were signed on its behalf by:





L S Talbot - Director


Llynclys Aggregates Ltd (Registered number: 13626276)

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

1. STATUTORY INFORMATION

Llynclys Aggregates Ltd 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.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 33% on cost and 10% on cost

Stocks
Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell, 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.

Llynclys Aggregates Ltd (Registered number: 13626276)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. 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.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 339,917 - 9,382
Additions - 922,606 -
At 30 June 2023 339,917 922,606 9,382
DEPRECIATION
At 1 July 2022 33,992 - 1,202
Charge for year 33,991 53,743 3,126
At 30 June 2023 67,983 53,743 4,328
NET BOOK VALUE
At 30 June 2023 271,934 868,863 5,054
At 30 June 2022 305,925 - 8,180

Llynclys Aggregates Ltd (Registered number: 13626276)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 - 5,206 354,505
Additions 12,000 3,613 938,219
At 30 June 2023 12,000 8,819 1,292,724
DEPRECIATION
At 1 July 2022 - 867 36,061
Charge for year 3,333 1,981 96,174
At 30 June 2023 3,333 2,848 132,235
NET BOOK VALUE
At 30 June 2023 8,667 5,971 1,160,489
At 30 June 2022 - 4,339 318,444

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 878,253
At 30 June 2023 878,253
DEPRECIATION
Charge for year 49,690
At 30 June 2023 49,690
NET BOOK VALUE
At 30 June 2023 828,563

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 706,392 372,039
Amounts owed by group undertakings 419,898 -
VAT - 49,304
Prepayments and accrued income 71,405 39,667
1,197,695 461,010

Llynclys Aggregates Ltd (Registered number: 13626276)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 306,278 -
Trade creditors 335,385 186,648
Amounts owed to group undertakings - 790,344
Social security and other taxes 33,396 8,544
VAT 100,506 -
Other creditors 73,954 2,281
Amount due to related parties 43,288 22,712
Accruals and deferred income 734,759 12,329
1,627,566 1,022,858

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 681,764 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 988,042 -

Hire purchase contracts are secured against the related assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Zahid Saleem FCCA ACA (Senior Statutory Auditor)
for and on behalf of Thornton Springer LLP

12. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company during the financial year was PowerX Holdings Limited, a company incorporated in England and Wales.

These financial statements have been consolidated in the financial statements of PowerX Holdings Limited. The consolidated financial statements can be obtained from Site 7, Meriden Park, Cornets End lane, Coventry, CV7 7LG.