Registered number
04757317
Nu-Con Ready Mixed Concrete Limited
Filleted Accounts
31 March 2024
Nu-Con Ready Mixed Concrete Limited
Registered number: 04757317
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 309,002 282,523
Current assets
Debtors 4 437,765 179,424
Cash at bank and in hand 139,771 360,923
577,536 540,347
Creditors: amounts falling due within one year 5 (192,774) (256,120)
Net current assets 384,762 284,227
Net assets 693,764 566,750
Capital and reserves
Called up share capital 1 2
Capital redemption reserve 1 -
Profit and loss account 693,762 566,748
Shareholders' funds 693,764 566,750
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Penistone
Director
Approved by the board on 10 September 2024
Nu-Con Ready Mixed Concrete Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not provided
Plant and machinery over 4 and 5 years
Fixtures, fittings, tools and equipment over 4 and 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 20,179 475,697 495,876
Additions - 169,555 169,555
Disposals - (73,194) (73,194)
At 31 March 2024 20,179 572,058 592,237
Depreciation
At 1 April 2023 - 213,353 213,353
Charge for the year - 90,521 90,521
On disposals - (20,639) (20,639)
At 31 March 2024 - 283,235 283,235
Net book value
At 31 March 2024 20,179 288,823 309,002
At 31 March 2023 20,179 262,344 282,523
4 Debtors 2024 2023
£ £
Trade debtors 344,392 78,600
Other debtors 93,373 100,824
437,765 179,424
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 90,690 216,422
Taxation and social security costs 102,084 38,772
Other creditors - 926
192,774 256,120
6 Controlling party
The company is controlled by Mr J Penistone and Mr K Newbolt.
7 Other information
Nu-Con Ready Mixed Concrete Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rose Cottage
Cote Lane
Thurgoland
Sheffield
S35 7AE
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