REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
NRS MERIDEN AGGREGATES LTD |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts owed by related party |
Corporation tax |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
VAT |
Accrued expenses |
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: | £ | £ |
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. |
for and on behalf of |
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 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 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. |