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REGISTERED NUMBER: 10647819 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NRS WOODCOTE AGGREGATES LTD

NRS WOODCOTE AGGREGATES LTD (REGISTERED NUMBER: 10647819)






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 WOODCOTE AGGREGATES LTD

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: 10647819 (England and Wales)





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

NRS WOODCOTE AGGREGATES LTD (REGISTERED NUMBER: 10647819)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 5 956,796 685,340
Debtors 6 2,010,585 2,332,747
Cash at bank 429,181 353,562
3,396,562 3,371,649
CREDITORS
Amounts falling due within one year 7 3,045,196 3,088,889
NET CURRENT ASSETS 351,366 282,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,366

282,760

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 351,266 282,660
SHAREHOLDERS' FUNDS 351,366 282,760

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 WOODCOTE AGGREGATES LTD (REGISTERED NUMBER: 10647819)

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

1. STATUTORY INFORMATION

NRS Woodcote Aggregates Ltd 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.

The principal place of business is Woodcote Wood Quarry, 19 Woodcote Hill, Sheriffhales, Shifnal, TF11 8RS.

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.

Turnover
Turnover represents net invoiced sales of goods excluding value added tax. Turnover is recognised when goods have been despatched or made available for collection by the customer.

Stocks
Stocks are stated at the lower of cost and net realisable value. Costs comprise direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

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 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 WOODCOTE AGGREGATES LTD (REGISTERED NUMBER: 10647819)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

5. STOCKS
31.3.24 31.3.23
£    £   
Aggregate material 956,796 685,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,040,882 1,376,921
Amounts owed by group undertakings 591,091 565,296
Corporation tax - 11
Prepayments and accrued income 378,612 390,519
2,010,585 2,332,747

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 492,522 605,755
Amounts owed to group undertakings 2,138,789 1,943,094
VAT 84,270 143,487
Accrued expenses 329,615 396,553
3,045,196 3,088,889

NRS WOODCOTE AGGREGATES LTD (REGISTERED NUMBER: 10647819)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 13,198 13,198
Between one and five years 52,792 52,792
In more than five years 52,792 65,990
118,782 131,980

9. 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.

10. 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

11. CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with fellow group companies. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System.

The contingent liability for the company at 31 March 2024 in respect of group bank borrowings amounted to £1,603,389 (2023: £2,133,436).

NRS WOODCOTE AGGREGATES LTD (REGISTERED NUMBER: 10647819)

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

12. RELATED PARTY DISCLOSURES

During the current and prior year transactions occurred between NRS Woodcote Aggregates Ltd and other related parties. Details of these transactions are as follows:

2024 2023
£ £
Sales to related party 435,691 248,960
Amounts due from related party 35,756 88,381

During the period, transactions occurred between NRS Woodcote Aggregates Ltd and other group companies. Details of these transactions are as follows:

2024 2023
£ £
Sales to related party 70,489 67,241
Amounts due from related party - 73,032

The immediate parent company is NRS Woodcote Holdings Ltd. Natural Resource Services Holding Company Limited is the parent of the smallest group for which consolidated financial statements are prepared, which
include NRS Woodcote Aggregates Ltd. The registered office of the immediate parent company is the same as
that of NRS Woodcote Aggregates Ltd. 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 Woodcote 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.

13. 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.