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REGISTERED NUMBER: 13040318 (England and Wales)















DANIEL CHARLES AGGREGATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






DANIEL CHARLES AGGREGATES LIMITED (REGISTERED NUMBER: 13040318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


DANIEL CHARLES AGGREGATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D Ingall
Mrs J S Skelton



REGISTERED OFFICE: Honeywood Barn
Honeyholes Lane
Dunholme
Lincoln
LN2 3SU



REGISTERED NUMBER: 13040318 (England and Wales)



SENIOR STATUTORY AUDITOR: Timothy Godson FCA



AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

DANIEL CHARLES AGGREGATES LIMITED (REGISTERED NUMBER: 13040318)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,637,866 3,018,904

CURRENT ASSETS
Stocks 325,968 151,323
Debtors 5 818,105 652,196
Cash at bank and in hand 23,170 209,860
1,167,243 1,013,379
CREDITORS
Amounts falling due within one year 6 3,577,182 3,024,604
NET CURRENT LIABILITIES (2,409,939 ) (2,011,225 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,227,927 1,007,679

CREDITORS
Amounts falling due after more than one year 7 (853,440 ) (694,154 )

PROVISIONS FOR LIABILITIES (349,802 ) (189,654 )
NET ASSETS 24,685 123,871

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 24,585 123,771
SHAREHOLDERS' FUNDS 24,685 123,871

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 22 August 2024 and were signed on its behalf by:





D Ingall - Director


DANIEL CHARLES AGGREGATES LIMITED (REGISTERED NUMBER: 13040318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Daniel Charles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Freehold property - See below


Freehold property is all depreciated at 2%, other than the Dunstan Quarry which is depreciated at a rate of 24% on cost per annum. This is based on the aggregates left to be extracted and the useful life of the remaining space.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks of mined limestone and recycled aggregate are valued after taking account of relevant costs such as salaries and machine running costs. Stocks of purchased aggregate are valued at lower of cost and net realisable value, after making 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DANIEL CHARLES AGGREGATES LIMITED (REGISTERED NUMBER: 13040318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the income statement over the relevant period. The capital element of the future payment is treated as a liability.

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 income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 1,785,689 2,004,515 3,790,204
Additions 107,058 1,547,340 1,654,398
Disposals - (404,219 ) (404,219 )
At 30 November 2023 1,892,747 3,147,636 5,040,383
DEPRECIATION
At 1 December 2022 445,014 326,286 771,300
Charge for year 307,023 384,996 692,019
Eliminated on disposal - (60,802 ) (60,802 )
At 30 November 2023 752,037 650,480 1,402,517
NET BOOK VALUE
At 30 November 2023 1,140,710 2,497,156 3,637,866
At 30 November 2022 1,340,675 1,678,229 3,018,904

The net book value of tangible fixed assets includes £ 2,304,505 (2022 - £ 1,405,211 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 220,369 305,080
Amounts owed by group undertakings 430,045 270,739
Other debtors 167,691 76,377
818,105 652,196

DANIEL CHARLES AGGREGATES LIMITED (REGISTERED NUMBER: 13040318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 652,353 396,916
Trade creditors 193,320 167,002
Amounts owed to group undertakings 2,518,000 2,211,700
Taxation and social security 122,113 141,773
Other creditors 91,396 107,213
3,577,182 3,024,604

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 853,440 694,154

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 652,353 396,916
Between one and five years 853,440 694,154
1,505,793 1,091,070

Non-cancellable operating leases
2023 2022
£    £   
Within one year 54,750 54,750
Between one and five years 145,950 200,700
200,700 255,450

9. CALLED UP SHARE CAPITAL

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

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

The Report of the Auditors was unqualified.

Timothy Godson FCA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor