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REGISTERED NUMBER: 12962503 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SHIRE HILL QUARRIES (OPERATIONS) LTD

SHIRE HILL QUARRIES (OPERATIONS) LTD (REGISTERED NUMBER: 12962503)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


SHIRE HILL QUARRIES (OPERATIONS) LTD (REGISTERED NUMBER: 12962503)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,332 638

CURRENT ASSETS
Debtors 5 23,171 28,051
Cash at bank and in hand 60,879 97,828
84,050 125,879
CREDITORS
Amounts falling due within one year 6 64,661 93,657
NET CURRENT ASSETS 19,389 32,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,721

32,860

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,720 32,859
24,721 32,860

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





A D Marchington - Director


SHIRE HILL QUARRIES (OPERATIONS) LTD (REGISTERED NUMBER: 12962503)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Shire Hill Quarries (Operations) Ltd is a private limited company, limited by shares, registered in England and Wales. The company's registered number is 12962503 and the registered office address is 105 Buxton Road, High Lane, Stockport, SK6 8DX.

2. ACCOUNTING POLICIES

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

The presentation and functional currency is £ sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following rates in order to write off the cost less estimated useful residual value of each asset over its estimated useful life:

Fixtures and fittings - 15% reducing balance

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

SHIRE HILL QUARRIES (OPERATIONS) LTD (REGISTERED NUMBER: 12962503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

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.

Basic financial liabilities, including other creditors that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SHIRE HILL QUARRIES (OPERATIONS) LTD (REGISTERED NUMBER: 12962503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 331 467 798
Additions 5,635 - 5,635
At 30 April 2024 5,966 467 6,433
DEPRECIATION
At 1 May 2023 50 110 160
Charge for year 887 54 941
At 30 April 2024 937 164 1,101
NET BOOK VALUE
At 30 April 2024 5,029 303 5,332
At 30 April 2023 281 357 638

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,261 10,711
Amounts owed by group undertakings 1 1
Other debtors 17,909 17,339
23,171 28,051

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,750 9,530
Amounts owed to group undertakings 14,720 61,606
Taxation and social security 13,593 12,659
Other creditors 28,598 9,862
64,661 93,657

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

The Report of the Auditors was unqualified.

Andrew Copping (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited

8. RELATED PARTY DISCLOSURES

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.

SHIRE HILL QUARRIES (OPERATIONS) LTD (REGISTERED NUMBER: 12962503)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. ULTIMATE CONTROLLING PARTY

The company's parent company is Shire Hill Quarries Limited, a company incorporated in England & Wales.

The company's ultimate parent company is Marchington Group Limited, a company registered in England and Wales. Marchington Group Limited is the only company that prepares group accounts including the financial statements of this company. The accounts of Marchington Group Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.