Mine And Quarry Surveys Limited 02644429 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Mine & Quarry Surveying Digita Accounts Production Advanced 6.30.9574.0 true true 02644429 2023-09-01 2024-08-31 02644429 2024-08-31 02644429 bus:OrdinaryShareClass1 bus:OtherShareType 2024-08-31 02644429 core:RetainedEarningsAccumulatedLosses 2024-08-31 02644429 core:ShareCapital 2024-08-31 02644429 core:CurrentFinancialInstruments 2024-08-31 02644429 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 02644429 core:FurnitureFittingsToolsEquipment 2024-08-31 02644429 core:MotorVehicles 2024-08-31 02644429 core:OtherPropertyPlantEquipment 2024-08-31 02644429 bus:SmallEntities 2023-09-01 2024-08-31 02644429 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 02644429 bus:FilletedAccounts 2023-09-01 2024-08-31 02644429 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 02644429 bus:RegisteredOffice 2023-09-01 2024-08-31 02644429 bus:Director2 2023-09-01 2024-08-31 02644429 bus:OrdinaryShareClass1 bus:OtherShareType 2023-09-01 2024-08-31 02644429 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 02644429 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 02644429 core:MotorVehicles 2023-09-01 2024-08-31 02644429 core:OfficeEquipment 2023-09-01 2024-08-31 02644429 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 02644429 core:PlantMachinery 2023-09-01 2024-08-31 02644429 countries:EnglandWales 2023-09-01 2024-08-31 02644429 2023-08-31 02644429 core:FurnitureFittingsToolsEquipment 2023-08-31 02644429 core:MotorVehicles 2023-08-31 02644429 core:OtherPropertyPlantEquipment 2023-08-31 02644429 2022-09-01 2023-08-31 02644429 2023-08-31 02644429 bus:OrdinaryShareClass1 bus:OtherShareType 2023-08-31 02644429 core:RetainedEarningsAccumulatedLosses 2023-08-31 02644429 core:ShareCapital 2023-08-31 02644429 core:CurrentFinancialInstruments 2023-08-31 02644429 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 02644429 core:FurnitureFittingsToolsEquipment 2023-08-31 02644429 core:MotorVehicles 2023-08-31 02644429 core:OtherPropertyPlantEquipment 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02644429

Mine And Quarry Surveys Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Mine And Quarry Surveys Limited

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

Detailed Profit and Loss Account

9 to 11

 

Mine And Quarry Surveys Limited

Company Information

Director

Mr J Stuttle

Registered office

32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

Accountants

Cannon Williamson
Chartered Certified Accountants
Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

 

Mine And Quarry Surveys Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 August 2024

Note

2024
£

2023
£

Turnover

 

113,537

124,078

Cost of sales

 

(6,339)

(22,747)

Gross profit

 

107,198

101,331

Administrative expenses

 

(53,277)

(59,717)

Operating profit

 

53,921

41,614

Other interest receivable and similar income

 

269

47

Interest payable and similar charges

 

(31)

(21)

 

238

26

Profit before tax

54,159

41,640

Taxation

 

(11,076)

687

Profit for the financial year

 

43,083

42,327

Retained earnings brought forward

 

184,258

159,931

Dividends paid

 

(30,000)

(18,000)

Retained earnings carried forward

 

197,341

184,258

 

Mine And Quarry Surveys Limited

(Registration number: 02644429)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

50,623

11,759

Current assets

 

Debtors

5

9,789

50,448

Cash at bank and in hand

 

161,443

137,701

 

171,232

188,149

Creditors: Amounts falling due within one year

6

(14,875)

(13,665)

Net current assets

 

156,357

174,484

Total assets less current liabilities

 

206,980

186,243

Provisions for liabilities

(9,619)

(1,965)

Net assets

 

197,361

184,278

Capital and Reserves

 

Called up share capital

7

20

20

Retained Earnings

197,341

184,258

Shareholders' funds

 

197,361

184,278

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mr J Stuttle
Director

 

Mine And Quarry Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD
United Kingdom

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mine And Quarry Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Motor vehicles

25% reducing balance

Office equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Mine And Quarry Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Mine And Quarry Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

6,013

36,625

10,599

53,237

Additions

3,411

46,597

-

50,008

At 31 August 2024

9,424

83,222

10,599

103,245

Depreciation

At 1 September 2023

1,974

30,107

9,399

41,480

Charge for the year

2,268

8,274

600

11,142

At 31 August 2024

4,242

38,381

9,999

52,622

Carrying amount

At 31 August 2024

5,182

44,841

600

50,623

At 31 August 2023

4,041

6,518

1,200

11,759

5

Debtors

Current

2024
£

2023
£

Trade Debtors

8,202

31,335

Prepayments

1,587

206

Other debtors

-

18,907

 

9,789

50,448

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

10,654

10,462

Accruals and deferred income

3,345

3,186

Other creditors

876

17

14,875

13,665

 

Mine And Quarry Surveys Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       
 

Mine And Quarry Surveys Limited

Detailed Profit and Loss Account for the Year Ended 31 August 2024

2024
 £

2023
 £

Turnover

113,537

124,078

Cost of sales

(6,339)

(22,747)

Gross profit

107,198

101,331

Gross profit (%)

94.42%

81.67%

Administrative expenses

Employment costs

20,592

32,065

Establishment costs

2,264

1,605

General administrative expenses

19,279

21,715

Depreciation costs

11,142

4,332

53,277

59,717

Operating profit

53,921

41,614

Other interest receivable and similar income

269

47

Interest payable and similar charges

(31)

(21)

238

26

Profit before tax

54,159

41,640

 

Mine And Quarry Surveys Limited

Detailed Profit and Loss Account for the Year Ended 31 August 2024 (continued)

2024
£

2023
£

   

Turnover

Sale of goods, UK

17,540

43,115

Sale of goods, Europe

95,997

80,963

113,537

124,078

   

Cost of sales

Purchases

6,339

22,747

   

Employment costs

Wages and salaries (excluding directors)

10,540

10,790

Directors remuneration

9,100

18,798

Class 1a NIC

761

802

Staff pensions (Defined contribution)

86

1,147

Directors pensions (Defined contribution)

32

-

Staff training

73

528

20,592

32,065

   

Establishment costs

Light, heat and power

1,229

1,232

Insurance

1,035

373

2,264

1,605

   

General administrative expenses

Telephone and fax

426

246

Computer software and maintenance costs

1,212

998

Printing, postage and stationery

122

68

Licences and subscriptions

1,333

-

Charitable donations

120

120

Sundry expenses

209

2,610

Travel and subsistence

10,589

10,447

Staff entertaining (allowable for tax)

-

751

Customer entertaining (disallowable for tax)

1,344

-

Accountancy fees

3,345

3,186

Consultancy fees

579

539

Legal and professional fees

-

2,750

19,279

21,715

   

Depreciation costs

Depreciation of other tangible

11,142

4,332

 

Mine And Quarry Surveys Limited

Detailed Profit and Loss Account for the Year Ended 31 August 2024 (continued)

2024
£

2023
£

   

Other interest receivable and similar income

Bank interest receivable

-

47

Other interest receivable

269

-

269

47

   

Interest payable and similar expenses

Bank interest payable

19

21

Other interest payable

12

-

31

21