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REGISTERED NUMBER: 00873485 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

L.B. SILICA SAND LIMITED

L.B. SILICA SAND LIMITED (REGISTERED NUMBER: 00873485)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L.B. SILICA SAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: M O'Brien
Mrs A M O'Brien
R Callaghan





REGISTERED OFFICE: 27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG





REGISTERED NUMBER: 00873485 (England and Wales)





ACCOUNTANTS: Digital Tax Matters Limited
27 St Cuthberts Street
Bedford
MK40 3JG

L.B. SILICA SAND LIMITED (REGISTERED NUMBER: 00873485)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 19,711
Tangible assets 5 4,588,102 3,388,264
4,588,102 3,407,975

CURRENT ASSETS
Debtors 6 867,983 1,048,236
Cash at bank and in hand 2,149,454 2,069,600
3,017,437 3,117,836
CREDITORS
Amounts falling due within one year 7 853,108 705,036
NET CURRENT ASSETS 2,164,329 2,412,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,752,431

5,820,775

CREDITORS
Amounts falling due after more than one
year

8

(105,574

)

-

PROVISIONS FOR LIABILITIES (75,000 ) (75,000 )
NET ASSETS 6,571,857 5,745,775

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,571,757 5,745,675
SHAREHOLDERS' FUNDS 6,571,857 5,745,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

L.B. SILICA SAND LIMITED (REGISTERED NUMBER: 00873485)

BALANCE SHEET - continued
30 NOVEMBER 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 4 July 2024 and were signed on its behalf by:





M O'Brien - Director


L.B. SILICA SAND LIMITED (REGISTERED NUMBER: 00873485)

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


1. STATUTORY INFORMATION

L.b. Silica Sand 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

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.

L.B. SILICA SAND LIMITED (REGISTERED NUMBER: 00873485)

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


2. ACCOUNTING POLICIES - continued

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 AND DIRECTORS

The average number of employees during the year was NIL (2022 - 10 ).

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 December 2022
and 30 November 2023 239,378
AMORTISATION
At 1 December 2022 219,667
Amortisation for year 19,711
At 30 November 2023 239,378
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 19,711

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 1,342,383 502,878 3,791,855 354,513 5,991,629
Additions 506,578 224,300 748,000 - 1,478,878
At 30 November 2023 1,848,961 727,178 4,539,855 354,513 7,470,507
DEPRECIATION
At 1 December 2022 1,056,639 - 1,436,493 110,233 2,603,365
Charge for year - - 230,184 48,856 279,040
At 30 November 2023 1,056,639 - 1,666,677 159,089 2,882,405
NET BOOK VALUE
At 30 November 2023 792,322 727,178 2,873,178 195,424 4,588,102
At 30 November 2022 285,744 502,878 2,355,362 244,280 3,388,264

L.B. SILICA SAND LIMITED (REGISTERED NUMBER: 00873485)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022 162,500
Additions 748,000
Transfer to ownership (162,500 )
At 30 November 2023 748,000
DEPRECIATION
At 1 December 2022 23,461
Charge for year 56,100
Transfer to ownership (23,461 )
At 30 November 2023 56,100
NET BOOK VALUE
At 30 November 2023 691,900
At 30 November 2022 139,039

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 817,983 948,524
Amounts owed by participating interests 50,000 50,000
Other debtors - 49,712
867,983 1,048,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 371,532 13,540
Trade creditors 201,125 445,489
Amounts owed to participating interests 26,456 26,456
Taxation and social security 233,739 192,944
Other creditors 20,256 26,607
853,108 705,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 105,574 -