Registered number
13003336
Readymix Concrete Limited
Filleted Accounts
31 December 2023
Readymix Concrete Limited
Registered number: 13003336
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 54,265 54,265
Current assets
Debtors 4 2,655,798 2,655,798
Net current assets 2,655,798 2,655,798
Total assets less current liabilities 2,710,063 2,710,063
Creditors: amounts falling due after more than one year 5 (2,710,062) (2,710,062)
Net assets 1 1
Capital and reserves
Called up share capital 1 1
Shareholders' funds 1 1
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.
Mr. E. Cullen
Director
Approved by the board on 1 August 2024
Readymix Concrete Limited
Notes to the Accounts
for the year ended 31 December 2023
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).
The directors are satisfied that the company is entitled to exemption under Section 383 of the
Companies Act 2006 from the requirement to prepare group accounts. These financial statements
present information about the company as an individual undertaking and not about the group of
which it is a parent.
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 54,265
At 31 December 2023 54,265
Historical cost
At 1 January 2023 54,265
At 31 December 2023 54,265
At 31 December 2023 the company owned 100% of the issued share capital of London Green
Resources Limited, which is comprised of 100 Ordinary shares of £1 each.
London Green Resources Limited operates a quarry and and is incorporated in Great
Britain.
The aggregate capital and reserves of London Green Resources Limited are (£135,201).
(Loss) for the year is £3,363 (2022 - Profit £422,704).
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,655,797 2,655,797
Other debtors 1 1
2,655,798 2,655,798
Amounts due after more than one year included above 2,655,797 2,655,797
5 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to related companies 2,710,062 2,710,062
6 Loans 2023 2022
£ £
Creditors include:
Secured loans 2,706,765 2,706,765
A floating charge over the assets of the company held by a related company, Farren Hydraulics Limited.
7 Related party transactions
The accounting fee of £950 for this accounting period has been paid by the subsidiary
company London Green Resources Limited. The amount owed by London Green Resources
Limited at the year end is £2,655,797.
8 Controlling party
The company is controlled by the director, Mr. E. Cullen.
9 Other information
Readymix Concrete Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, 1 Park Court,
Pyrford Road,
West Byfleet,
Surrey.
KT14 6SD.
Its place of business is:
11-12 Maxted Road,
Hemel Hempstead,
Herts, HP2 7DX.
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