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REGISTERED NUMBER: 06765411 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRINKLOW QUARRY LIMITED

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRINKLOW QUARRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs J M Aston
A M Aston
D W Aston





SECRETARY: A M Aston





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 06765411 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,367,147 7,623,800
Tangible assets 5 16,162,141 15,505,239
Investment property 6 1,000,000 950,000
24,529,288 24,079,039

CURRENT ASSETS
Stocks 62,336 12,200
Debtors 7 1,307,640 1,769,591
Cash at bank and in hand 23,403 548,281
1,393,379 2,330,072
CREDITORS
Amounts falling due within one year 8 1,561,995 1,844,386
NET CURRENT (LIABILITIES)/ASSETS (168,616 ) 485,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,360,672

24,564,725

CREDITORS
Amounts falling due after more than one
year

9

(8,511,113

)

(8,586,396

)

PROVISIONS FOR LIABILITIES (2,545,000 ) (2,680,000 )
NET ASSETS 13,304,559 13,298,329

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 9,523,399 9,809,443
Retained earnings 11 3,781,060 3,488,786
13,304,559 13,298,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2024 and were signed on its behalf by:





A M Aston - Director


BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Brinklow Quarry 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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

Intangible assets - mineral rights
Mineral rights are measured at fair value and are adjusted in line with the quantities of minerals extracted each year.

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 - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Profit and Loss Account, 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.

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. 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.

3. EMPLOYEES

The average number of employees during the year was 25 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 April 2023 7,624,666
Revaluations (255,788 )
At 31 March 2024 7,368,878
AMORTISATION
At 1 April 2023 866
Charge for year 865
At 31 March 2024 1,731
NET BOOK VALUE
At 31 March 2024 7,367,147
At 31 March 2023 7,623,800

Cost or valuation at 31 March 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2020 (552,616 )
Valuation in 2021 (616,211 )
Valuation in 2022 (573,555 )
Valuation in 2023 (369,026 )
Valuation in 2024 (255,788 )
Cost 9,736,074
7,368,878

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 12,331,780 5,331,930 8,257 17,671,967
Additions 422,852 931,346 605 1,354,803
Disposals - (2,310 ) - (2,310 )
At 31 March 2024 12,754,632 6,260,966 8,862 19,024,460
DEPRECIATION
At 1 April 2023 - 2,164,251 2,477 2,166,728
Charge for year - 693,835 2,824 696,659
Eliminated on disposal - (1,068 ) - (1,068 )
At 31 March 2024 - 2,857,018 5,301 2,862,319
NET BOOK VALUE
At 31 March 2024 12,754,632 3,403,948 3,561 16,162,141
At 31 March 2023 12,331,780 3,167,679 5,780 15,505,239

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 2,930,086
Additions 327,750
Transfer to ownership (963,961 )
At 31 March 2024 2,293,875
DEPRECIATION
At 1 April 2023 1,230,751
Charge for year 307,209
Transfer to ownership (631,804 )
At 31 March 2024 906,156
NET BOOK VALUE
At 31 March 2024 1,387,719
At 31 March 2023 1,699,335

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 950,000
Revaluations 50,000
At 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 1,000,000
At 31 March 2023 950,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 30,256
Valuation in 2024 50,000
Cost 919,744
1,000,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 625,288 811,404
Other debtors 682,352 958,187
1,307,640 1,769,591

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 391,493 383,007
Hire purchase contracts 436,847 385,451
Trade creditors 506,415 709,605
Taxation and social security 34,232 46,030
Other creditors 193,008 320,293
1,561,995 1,844,386

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,653,786 7,798,514
Hire purchase contracts 532,327 692,882
Other creditors 325,000 95,000
8,511,113 8,586,396

BRINKLOW QUARRY LIMITED (REGISTERED NUMBER: 06765411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 6,078,961 6,174,199

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 8,010,151 8,181,521
Hire purchase contracts 969,174 1,078,333
8,979,325 9,259,854

The bank loans are secured against the company's land and property, together with a fixed and floating charge over all assets.

The hire purchase liabilities are secured against the assets financed.

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 3,488,786 9,809,443 13,298,229
Profit for the year 292,274 292,274
Transfer - (286,044 ) (286,044 )
At 31 March 2024 3,781,060 9,523,399 13,304,459

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are amounts owed to directors totalling £10,727 due within one year and £325,000 due more than one year.

13. RELATED PARTY DISCLOSURES

Included within other debtors are amounts totalling £486,270 owed by businesses within which the directors have controlling interests.