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REGISTERED NUMBER: 03827793 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Chorley Sand & Aggregates Limited

Chorley Sand & Aggregates Limited (Registered number: 03827793)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chorley Sand & Aggregates Limited

Company Information
for the year ended 31st December 2023







DIRECTORS: Mr I Ashburn
Mr S Ashburn
Ms S M Moffatt



REGISTERED OFFICE: Rigby House Farm
The Common
Adlington
Chorley
Lancashire
PR7 4DS



REGISTERED NUMBER: 03827793 (England and Wales)



ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE



BANKERS: Lloyds TSB Bank plc
2-6 Market Street
Wigan
WNA 1JN

Chorley Sand & Aggregates Limited (Registered number: 03827793)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,090,857 2,293,438

CURRENT ASSETS
Debtors 5 961,532 1,110,002
Cash at bank and in hand 369,853 146,850
1,331,385 1,256,852
CREDITORS
Amounts falling due within one year 6 446,543 406,911
NET CURRENT ASSETS 884,842 849,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,975,699

3,143,379

CREDITORS
Amounts falling due after more than one
year

7

(531,557

)

(685,390

)

PROVISIONS FOR LIABILITIES (263,252 ) (225,772 )
NET ASSETS 2,180,890 2,232,217

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 2,180,688 2,232,015
SHAREHOLDERS' FUNDS 2,180,890 2,232,217

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

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

Chorley Sand & Aggregates Limited (Registered number: 03827793)

Balance Sheet - continued
31st December 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 1st August 2024 and were signed on its behalf by:





Mr I Ashburn - Director


Chorley Sand & Aggregates Limited (Registered number: 03827793)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Chorley Sand & Aggregates 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.

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.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

Chorley Sand & Aggregates Limited (Registered number: 03827793)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 920,591 2,850,366 3,770,957
Additions - 113,623 113,623
Disposals - (199,327 ) (199,327 )
At 31st December 2023 920,591 2,764,662 3,685,253
DEPRECIATION
At 1st January 2023 43,874 1,433,645 1,477,519
Charge for year 2,650 230,258 232,908
Eliminated on disposal - (116,031 ) (116,031 )
At 31st December 2023 46,524 1,547,872 1,594,396
NET BOOK VALUE
At 31st December 2023 874,067 1,216,790 2,090,857
At 31st December 2022 876,717 1,416,721 2,293,438

Included in cost of land and buildings is freehold land of £ 887,687 (2022 - £ 887,687 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 829,441
DEPRECIATION
At 1st January 2023 161,590
Charge for year 103,268
At 31st December 2023 264,858
NET BOOK VALUE
At 31st December 2023 564,583
At 31st December 2022 667,851

Chorley Sand & Aggregates Limited (Registered number: 03827793)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 293,022 240,813
Other debtors 668,510 869,189
961,532 1,110,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 72,000 72,000
Hire purchase contracts 116,390 147,815
Trade creditors 149,304 147,053
Taxation and social security 88,889 22,540
Other creditors 19,960 17,503
446,543 406,911

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 387,907 425,350
Hire purchase contracts 143,650 260,040
531,557 685,390

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 459,907 497,350
Hire purchase contracts 260,040 407,855
719,947 905,205

The bank loan is secured against specific land and a fixed and floating charge over the company.

The hire purchase agreements are secured against specific fixed assets.

Chorley Sand & Aggregates Limited (Registered number: 03827793)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
Mr I Ashburn and Mr S Ashburn
Balance outstanding at start of year 360,000 300,000
Amounts advanced - 150,000
Amounts repaid (180,000 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180,000 360,000

Interest is charged by the company at HMRC's official rates of interest on the directors' loan account balance.

10. RELATED PARTY DISCLOSURES

Ashburn Brothers Limited is a company related by common control. At 31st December 2023 £11,263 (2022- £11,263) was due to Ashburn Brothers Limited and is included on Other Creditors.

S & I Investments Limited is company related by common control. As at 31st December 2023 £358,802 (2022 - £331,303) was due to Chorley Sand Limited and is included in Other Debtors.

11. ULTIMATE CONTROLLING PARTY

The company was under the ultimate control of the directors.