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Company No: 13863111 (England and Wales)

DTM RECYCLED AGGREGATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

DTM RECYCLED AGGREGATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

DTM RECYCLED AGGREGATES LIMITED

BALANCE SHEET

As at 31 March 2024
DTM RECYCLED AGGREGATES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 42,155 52,029
42,155 52,029
Current assets
Debtors 4 872 35,748
Cash at bank and in hand 2,153 1,496
3,025 37,244
Creditors: amounts falling due within one year 5 ( 21,726) ( 110,487)
Net current liabilities (18,701) (73,243)
Total assets less current liabilities 23,454 (21,214)
Creditors: amounts falling due after more than one year 6 ( 9,097) ( 13,296)
Net assets/(liabilities) 14,357 ( 34,510)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 14,257 ( 34,610 )
Total shareholders' funds/(deficit) 14,357 ( 34,510)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of DTM Recycled Aggregates Limited (registered number: 13863111) were approved and authorised for issue by the Director on 08 November 2024. They were signed on its behalf by:

Mr N G Ball
Director
DTM RECYCLED AGGREGATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
DTM RECYCLED AGGREGATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

DTM Recycled Aggregates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ambrison House Lorn Haven Business Park, Ashburton, Newton Abbot, TQ13 7FF, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
FRS102 requires the provision of deferred tax on timing differences between the tax and accounting treatment of qualifying fixed assets. The directors do not consider that providing for deferred tax in accordance with FRS102 would give an accurate representation of the company's financial position and have not included it within the accounts. In this respect the accounts do not comply with FRS102.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 4 years straight line
Plant and machinery etc. 6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

Year ended
31.03.2024
Period from
21.01.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2023 4,805 57,098 61,903
At 31 March 2024 4,805 57,098 61,903
Accumulated depreciation
At 01 April 2023 1,201 8,673 9,874
Charge for the financial year 1,201 8,673 9,874
At 31 March 2024 2,402 17,346 19,748
Net book value
At 31 March 2024 2,403 39,752 42,155
At 31 March 2023 3,604 48,425 52,029

4. Debtors

31.03.2024 31.03.2023
£ £
Trade debtors 0 1,200
Prepayments 536 26,747
VAT recoverable 336 7,801
872 35,748

5. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 606 7
Amounts owed to connected companies 12,890 105,493
Amounts owed to director 3,032 39
Accruals 1,000 750
Obligations under finance leases and hire purchase contracts (secured) 4,198 4,198
21,726 110,487

Hire purchase contracts are secured over the assets to which they relate.

6. Creditors: amounts falling due after more than one year

31.03.2024 31.03.2023
£ £
Obligations under finance leases and hire purchase contracts (secured) 9,097 13,296

Hire purchase contracts are secured over the assets to which they relate.

7. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
25 Ordinary shares of £ 1.00 each 25 25
25 Ordinary A shares of £ 1.00 each 25 25
25 Ordinary B shares of £ 1.00 each 25 25
25 Ordinary C shares of £ 1.00 each 25 25
100 100

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

31.03.2024 31.03.2023
£ £
within one year 6,000 6,000
between one and five years 6,000 12,000
12,000 18,000

9. Related party transactions

Other related party transactions

31.03.2024 31.03.2023
£ £
Devon Tarmasters (SW) Limited 0 117,827

During the year, the loan of £100,144 owed to Devon Tarmasters (SW) Limited was wrote off.