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REGISTERED NUMBER: 01329279 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

G.L. BREESE (TARMACADAM) LIMITED

G.L. BREESE (TARMACADAM) LIMITED (REGISTERED NUMBER: 01329279)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G.L. BREESE (TARMACADAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G L Breese
J L Breese





SECRETARY: Mrs A S Breese





REGISTERED OFFICE: Voel
Pont Robert
Meifod
Powys
SY22 6JJ





REGISTERED NUMBER: 01329279 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

G.L. BREESE (TARMACADAM) LIMITED (REGISTERED NUMBER: 01329279)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,750 253,321

CURRENT ASSETS
Debtors 5 242,792 63,214
Cash at bank and in hand 305,738 353,409
548,530 416,623
CREDITORS
Amounts falling due within one year 6 385,248 241,102
NET CURRENT ASSETS 163,282 175,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,032

428,842

CREDITORS
Amounts falling due after more than one
year

7

(12,621

)

(22,500

)

PROVISIONS FOR LIABILITIES (50,452 ) (41,144 )
NET ASSETS 402,959 365,198

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 402,459 364,698
SHAREHOLDERS' FUNDS 402,959 365,198

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.

G.L. BREESE (TARMACADAM) LIMITED (REGISTERED NUMBER: 01329279)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





G L Breese - Director


G.L. BREESE (TARMACADAM) LIMITED (REGISTERED NUMBER: 01329279)

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

1. STATUTORY INFORMATION

G.L. Breese (Tarmacadam) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 equipment - 12.5% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

G.L. BREESE (TARMACADAM) LIMITED (REGISTERED NUMBER: 01329279)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 372,113 798 96,670 465 470,046
Additions 94,316 - 16,200 - 110,516
At 31 March 2024 466,429 798 112,870 465 580,562
DEPRECIATION
At 1 April 2023 166,169 798 49,293 465 216,725
Charge for year 42,213 - 18,874 - 61,087
At 31 March 2024 208,382 798 68,167 465 277,812
NET BOOK VALUE
At 31 March 2024 258,047 - 44,703 - 302,750
At 31 March 2023 205,944 - 47,377 - 253,321

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
equipment
£   
COST
At 1 April 2023 28,800
Transfer to ownership (28,800 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 13,500
Charge for year 3,600
Transfer to ownership (17,100 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 15,300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 232,312 57,299
Prepayments 10,480 5,915
242,792 63,214

G.L. BREESE (TARMACADAM) LIMITED (REGISTERED NUMBER: 01329279)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,000
Hire purchase contracts - 1,935
Trade creditors 172,817 48,155
Tax 29,261 35,357
VAT 11,449 4,034
Directors' current accounts 157,373 136,121
Accrued expenses 3,700 5,500
385,248 241,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,648 10,000
Bank loans - 2-5 years 1,973 12,500
12,621 22,500