IRIS Accounts Production v24.3.0.553 12564860 Board of Directors 1.4.23 31.3.24 31.3.24 15.11.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125648602023-03-31125648602024-03-31125648602023-04-012024-03-31125648602022-03-31125648602022-04-012023-03-31125648602023-03-3112564860ns15:EnglandWales2023-04-012024-03-3112564860ns14:PoundSterling2023-04-012024-03-3112564860ns10:Director12023-04-012024-03-3112564860ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3112564860ns10:SmallEntities2023-04-012024-03-3112564860ns10:Audited2023-04-012024-03-3112564860ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3112564860ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3112564860ns10:FullAccounts2023-04-012024-03-3112564860ns10:OrdinaryShareClass12023-04-012024-03-3112564860ns10:Director22023-04-012024-03-3112564860ns10:Director32023-04-012024-03-3112564860ns10:CompanySecretary12023-04-012024-03-3112564860ns10:RegisteredOffice2023-04-012024-03-3112564860ns5:CurrentFinancialInstruments2024-03-3112564860ns5:CurrentFinancialInstruments2023-03-3112564860ns5:ShareCapital2024-03-3112564860ns5:ShareCapital2023-03-3112564860ns5:RetainedEarningsAccumulatedLosses2024-03-3112564860ns5:RetainedEarningsAccumulatedLosses2023-03-3112564860ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3112564860ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3112564860ns5:WithinOneYear2024-03-3112564860ns5:WithinOneYear2023-03-3112564860ns5:BetweenOneFiveYears2024-03-3112564860ns5:BetweenOneFiveYears2023-03-3112564860ns5:MoreThanFiveYears2024-03-3112564860ns5:MoreThanFiveYears2023-03-3112564860ns5:AllPeriods2024-03-3112564860ns5:AllPeriods2023-03-3112564860ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 12564860 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NRS BROMSGROVE AGGREGATES LIMITED

NRS BROMSGROVE AGGREGATES LIMITED (REGISTERED NUMBER: 12564860)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NRS BROMSGROVE AGGREGATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M C Ketcher
K D Montgomery
D Forder





SECRETARY: Ms L J Shirley





REGISTERED OFFICE: NRS House
Site 7, Meriden Park
Cornets End Lane
Meriden
CV7 7LG





REGISTERED NUMBER: 12564860 (England and Wales)





AUDITORS: D.R.E. & Co. (Audit) Limited
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

NRS BROMSGROVE AGGREGATES LIMITED (REGISTERED NUMBER: 12564860)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 11,520 65,620
Cash at bank 7,031 10,405
18,551 76,025
CREDITORS
Amounts falling due within one year 6 100,399 83,696
NET CURRENT LIABILITIES (81,848 ) (7,671 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,848

)

(7,671

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (81,948 ) (7,771 )
SHAREHOLDERS' FUNDS (81,848 ) (7,671 )

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 15 November 2024 and were signed on its behalf by:





M C Ketcher - Director


NRS BROMSGROVE AGGREGATES LIMITED (REGISTERED NUMBER: 12564860)

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

1. STATUTORY INFORMATION

NRS Bromsgrove Aggregates Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

At the balance sheet date the company had net liabilities of £81,848 (2023: £7,671). As shown in the creditors due within one year note, creditors includes amounts owed to group companies of £87,566 (2023: £52,000). The directors have reviewed the support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, amounts due from group companies and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when
(a) the contractual rights to the cash flows from the asset expire or are settled, or
(b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables and amounts due to group companies, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year 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.


NRS BROMSGROVE AGGREGATES LIMITED (REGISTERED NUMBER: 12564860)

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

3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings - 37,363
VAT 3,307 5,041
Prepayments and accrued income 8,213 23,216
11,520 65,620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 8,213 27,496
Amounts owed to group undertakings 87,566 52,000
Accrued expenses 4,620 4,200
100,399 83,696

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 66,150 63,000
Between one and five years 264,600 252,000
In more than five years 264,600 315,000
595,350 630,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Ordinary shares are entitled to full voting rights and dividends.

NRS BROMSGROVE AGGREGATES LIMITED (REGISTERED NUMBER: 12564860)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)
for and on behalf of D.R.E. & Co. (Audit) Limited

10. RELATED PARTY DISCLOSURES

The immediate parent company is NRS Kidderminster Holdings Limited. Natural Resource Services Holding Company Limited is the parent of the smallest group for which consolidated financial statements are prepared,
which include NRS Kidderminster Aggregates Limited. The registered office of the immediate parent company is
the same as that of NRS Kidderminster Aggregates Limited. Group accounts are freely available from
Companies House.

The ultimate parent company is LAF Holdings Limited. LAF Holdings Limited is the parent of the largest group
for which consolidated financial statements are prepared which include NRS Bromsgrove Aggregates Limited.
The registered office of the ultimate parent company is The Mill, Morton, Oswestry, Shropshire, SY10 8BH.
Group accounts are freely available from Companies House.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is LAF Holdings Limited, a company registered in England and Wales, by way of its majority shareholding in the parent company. No one person has ultimate control.