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REGISTERED NUMBER: 11911715 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NRS MERIDEN AGGREGATES LTD

NRS MERIDEN AGGREGATES LTD (REGISTERED NUMBER: 11911715)






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 MERIDEN 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: 11911715 (England and Wales)





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

NRS MERIDEN AGGREGATES LTD (REGISTERED NUMBER: 11911715)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 5 280,570 262,544
Debtors 6 2,740,974 3,082,142
Cash at bank 599,216 140,414
3,620,760 3,485,100
CREDITORS
Amounts falling due within one year 7 3,090,138 3,021,576
NET CURRENT ASSETS 530,622 463,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,622

463,524

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 530,522 463,424
SHAREHOLDERS' FUNDS 530,622 463,524

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 MERIDEN AGGREGATES LTD (REGISTERED NUMBER: 11911715)

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

1. STATUTORY INFORMATION

NRS Meriden 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 Coventry Quarry, Birmingham Road, Meriden, Coventry, CV7 7JS.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

NRS MERIDEN AGGREGATES LTD (REGISTERED NUMBER: 11911715)

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

5. STOCKS
31.3.24 31.3.23
£    £   
Aggregate material 280,570 262,544

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,262,074 1,355,030
Amounts owed by group undertakings 1,247,789 1,422,546
Amounts owed by related party 2,804 569
Corporation tax - 99,802
Prepayments and accrued income 228,307 204,195
2,740,974 3,082,142

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 461,525 409,118
Amounts owed to group undertakings 2,169,092 2,217,073
VAT 111,260 90,626
Accrued expenses 348,261 304,759
3,090,138 3,021,576

8. SECURED DEBTS

Debenture dated 14 August 2019 between NRS Meriden Aggregates Limited and HSBC Bank UK Plc with a fixed and floating charge over all assets currently or at any time afterwards owned by the company.

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

NRS MERIDEN AGGREGATES LTD (REGISTERED NUMBER: 11911715)

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

11. RELATED PARTY DISCLOSURES

During the current and prior year transactions occurred between NRS Meriden Aggregates Limited and companies that were related due to being under the control of key management personnel of the company. Details of these transactions are as follows:

2024 2023
£ £
Sales to related parties 2,336 474
Purchases from related parties 315,617 197,118
Balances due from related parties 2,804 569

During the current and prior year transactions occurred between NRS Meriden Aggregates Limited and group companies, details of these transactions are as follows:

2024 2023
£ £
Sales to related parties 693,363 188,954
Purchases from related parties 1,283,805 115,989
Balances due to related parties 349,781 6,007
Balances due from related parties 38,314 10,965


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

12. ULTIMATE CONTROLLING PARTY

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