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REGISTERED NUMBER: 10120947 (England and Wales)















NEWTHORPE AGGREGATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2023 TO 30 JUNE 2024






NEWTHORPE AGGREGATES LIMITED (REGISTERED NUMBER: 10120947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWTHORPE AGGREGATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024







DIRECTORS: K E Lunness
D M Westley





REGISTERED OFFICE: Betteras Hill Quarry
Brotherton Road
Monk Fryson
Leeds
West Yorkshire
LS25 5HD





REGISTERED NUMBER: 10120947 (England and Wales)






NEWTHORPE AGGREGATES LIMITED (REGISTERED NUMBER: 10120947)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 982,611 761,211

CURRENT ASSETS
Stocks - 3,160
Debtors 5 489,719 274,069
Cash at bank 931,817 1,115,797
1,421,536 1,393,026
CREDITORS
Amounts falling due within one year 6 711,516 484,558
NET CURRENT ASSETS 710,020 908,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,692,631

1,669,679

CREDITORS
Amounts falling due after more than one
year

7

411,955

578,487
NET ASSETS 1,280,676 1,091,192

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,280,576 1,091,092
SHAREHOLDERS' FUNDS 1,280,676 1,091,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

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

NEWTHORPE AGGREGATES LIMITED (REGISTERED NUMBER: 10120947)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





K E Lunness - Director


NEWTHORPE AGGREGATES LIMITED (REGISTERED NUMBER: 10120947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024


1. STATUTORY INFORMATION

Newthorpe 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 the cost less estimated residual value
of each asset over its estimated useful life.
Land and buildings - not provided
Mineral rights - 10% on cost

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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

NEWTHORPE AGGREGATES LIMITED (REGISTERED NUMBER: 10120947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2023 761,211
Additions 221,400
At 30 June 2024 982,611
NET BOOK VALUE
At 30 June 2024 982,611
At 31 May 2023 761,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 418,513 183,709
Other debtors 71,206 90,360
489,719 274,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 161,499 149,042
Trade creditors 474,492 185,913
Taxation and social security 67,030 142,909
Other creditors 8,495 6,694
711,516 484,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 411,955 578,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 102,872 150,662

NEWTHORPE AGGREGATES LIMITED (REGISTERED NUMBER: 10120947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 30 JUNE 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 573,454 727,529

9. RELATED PARTY DISCLOSURES

K.E. Lunness Aggregates Limited

A company in which K. E. Lunness is a director and shareholder

During the year the company made sales, at an arms length basis, of £872,404 (2023: £670,529).
During the year the company also made purchases of £619,247 (2023: £702,865).
There is a balance due from K.E. Lunness Aggregates Ltd with no set repayment date.
The amount outstanding at the year end was £42,460 (2023: £7,849).