Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-30084116572023-07-30true2022-03-01false710falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08411657 2022-03-01 2023-07-30 08411657 2021-03-01 2022-02-28 08411657 2023-07-30 08411657 2022-02-28 08411657 c:Director1 2022-03-01 2023-07-30 08411657 d:PlantMachinery 2022-03-01 2023-07-30 08411657 d:PlantMachinery 2023-07-30 08411657 d:PlantMachinery 2022-02-28 08411657 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-07-30 08411657 d:MotorVehicles 2022-03-01 2023-07-30 08411657 d:MotorVehicles 2023-07-30 08411657 d:MotorVehicles 2022-02-28 08411657 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-07-30 08411657 d:FurnitureFittings 2022-03-01 2023-07-30 08411657 d:FurnitureFittings 2023-07-30 08411657 d:FurnitureFittings 2022-02-28 08411657 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-07-30 08411657 d:OtherPropertyPlantEquipment 2022-03-01 2023-07-30 08411657 d:OtherPropertyPlantEquipment 2023-07-30 08411657 d:OtherPropertyPlantEquipment 2022-02-28 08411657 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-07-30 08411657 d:OwnedOrFreeholdAssets 2022-03-01 2023-07-30 08411657 d:CurrentFinancialInstruments 2023-07-30 08411657 d:CurrentFinancialInstruments 2022-02-28 08411657 d:Non-currentFinancialInstruments 2023-07-30 08411657 d:Non-currentFinancialInstruments 2022-02-28 08411657 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-30 08411657 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08411657 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-30 08411657 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 08411657 d:ShareCapital 2023-07-30 08411657 d:ShareCapital 2022-02-28 08411657 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-07-30 08411657 d:RetainedEarningsAccumulatedLosses 2023-07-30 08411657 d:RetainedEarningsAccumulatedLosses 2022-02-28 08411657 c:OrdinaryShareClass1 2022-03-01 2023-07-30 08411657 c:OrdinaryShareClass1 2023-07-30 08411657 c:OrdinaryShareClass1 2022-02-28 08411657 c:FRS102 2022-03-01 2023-07-30 08411657 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-07-30 08411657 c:FullAccounts 2022-03-01 2023-07-30 08411657 c:PrivateLimitedCompanyLtd 2022-03-01 2023-07-30 08411657 d:WithinOneYear 2023-07-30 08411657 d:WithinOneYear 2022-02-28 08411657 d:BetweenOneFiveYears 2023-07-30 08411657 d:BetweenOneFiveYears 2022-02-28 08411657 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-07-30 08411657 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure



















Dewsbury Sand & Gravel Limited

Registered number: 08411657
Information for filing with the Registrar
For the 17 months ended 30 July 2023

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
REGISTERED NUMBER: 08411657

STATEMENT OF FINANCIAL POSITION
AS AT 30 JULY 2023

30 July
28 February
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
354,117
815,046

  
354,117
815,046

Current assets
  

Stocks
  
97,600
91,600

Debtors: amounts falling due within one year
 5 
1,045,425
1,179,071

Cash at bank and in hand
  
22,272
2,714

  
1,165,297
1,273,385

Creditors: amounts falling due within one year
 6 
(1,240,547)
(1,417,800)

Net current liabilities
  
 
 
(75,250)
 
 
(144,415)

Total assets less current liabilities
  
278,867
670,631

Creditors: amounts falling due after more than one year
 7 
(179,546)
(228,138)

  

Net assets
  
99,321
442,493


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
 9 
99,320
442,492

  
99,321
442,493


- 1 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
REGISTERED NUMBER: 08411657
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the 17 months in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.


D M Beaumont
Director

The notes on pages 3 to 12 form part of these financial statements.

- 2 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

1.


General information

Dewsbury Sand & Gravel Limited (the "Company") is a private company, limited by shares, registered in England and Wales, registered number 08411657. The registered office is Thornhill Works, Calder Road, Ravensthorpe, Dewsbury, WF12 9HY. 
The principal activity of the Company is that of mining and quarrying.
These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has carefully considered the Company's business risks, including an assessment of forecasted trading for a period of at least 12 months from the date of signing the financial statements. The business is entering the restoration phase of its project and is expected to continue with sufficent working capital to meet its liabilities as they fall due. As such the director continues to adopt the going concern basis of accounting in preparation of the annual financial statements.  

- 3 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP, rounded to nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

- 4 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
10% straight line
Motor vehicles
-
10% straight line
Fixtures & fittings
-
10% straight line
Other fixed assets
-
10% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

- 5 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

- 6 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

- 7 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

2.Accounting policies (continued)

 
2.11

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.13

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.14

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.15

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.16

Borrowing costs

All borrowing costs are recognised in profit or loss in the 17 months in which they are incurred.

- 8 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

2.Accounting policies (continued)

 
2.17

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


3.


Employees

The average monthly number of employees, including directors, during the 17 months was 7 (2022 - 10).


4.


Tangible fixed assets







Plant & machinery
Motor vehicles
Fixtures & fittings
Other fixed assets
Total

£
£
£
£
£



Cost 


At 1 March 2022
760,750
24,672
205,547
804,435
1,795,404


Disposals
(253,517)
(24,672)
-
-
(278,189)



At 30 July 2023

507,233
-
205,547
804,435
1,517,215



Depreciation


At 1 March 2022
340,736
11,102
138,659
489,861
980,358


Charge for the 17 months on owned assets
80,309
822
29,119
149,377
259,627


Disposals
(64,963)
(11,924)
-
-
(76,887)



At 30 July 2023

356,082
-
167,778
639,238
1,163,098



Net book value



At 30 July 2023
151,151
-
37,769
165,197
354,117



At 28 February 2022
420,014
13,570
66,888
314,574
815,046

- 9 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
151,153
201,913


5.


Debtors

2023
2022
£
£


Trade debtors
184,814
74,046

Other debtors
687,543
933,995

Prepayments and accrued income
173,068
171,030

1,045,425
1,179,071



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
52,778
63,333

Other loans
-
37,500

Trade creditors
139,774
123,296

Other taxation and social security
101,524
36,278

Obligations under finance lease and hire purchase contracts
67,523
76,231

Other creditors
871,654
1,035,972

Accruals and deferred income
7,294
45,190

1,240,547
1,417,800


The finance lease liabilities are secured over the assets to which they relate.
The bank loan is secured by a fixed and floating charge over all the property and undertakings of the Company. There is a second charge over the lease of mineral rights situated at Forge Lane, Dewsbury, comprised in a lease dated 19 June 2014.

- 10 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
79,167

Net obligations under finance leases and hire purchase contracts
179,546
148,971

179,546
228,138


The bank loan is secured by a fixed and floating charge over all the property and undertakings of the Company.
The finance lease liabilities are secured over the assets to which they relate. 


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1



9.


Reserves

Profit & loss account

This reserve includes the cumulative profits or losses, less dividends paid.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,238 (2022: £5,217). As at the reporting date, amounts of £906 (2021: £1,076) were payable to the plan.

- 11 -

 
 08411657
30 July 2023
DEWSBURY SAND & GRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17 MONTHS ENDED 30 JULY 2023

11.


Commitments under operating leases

At 30 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
48,333
58,000

Between 2 and 5 years
-
72,500

48,333
130,500


12.


Related party transactions

During the year the Company traded with entities under common control generating sales of £1,197,115 (2022: £1,134,203) and incurring purchases of £746,200 (2022: £1,055,050).
During the year the company paid expenses on behalf of entities under common control of £33,647 (2022: £67,625) and were recharged expenses of £95,948 (2021: £31,430).
The amounts due from/(owed to) related parties at the year end are disclosed below:


2023
2022
£
£

Amounts due to entities under common control
(868,704)
(1,032,227)
Amounts due from entities under commmon control
687,543
906,429
(181,161)
(125,798)


13.


Controlling party

The company is controlled by Mr D Beaumont (director). 

 
- 12 -