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REGISTERED NUMBER: 09025723 (England and Wales)















Report of the Directors and

Unaudited Consolidated Financial Statements

for the Year Ended 30 September 2024

for

Bagforce Aggregates Group Ltd

Bagforce Aggregates Group Ltd (Registered number: 09025723)






Contents of the Consolidated Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Consolidated Statement of Changes in Equity 8

Company Statement of Changes in Equity 9

Notes to the Consolidated Financial Statements 10


Bagforce Aggregates Group Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms A L Whiteside
Mrs S A Tucker





REGISTERED OFFICE: Unit 2 Kimberley
Stathern Lane
Harby
Leicestershire
LE14 4DA





REGISTERED NUMBER: 09025723 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the sale and distribution of bagged aggregates.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Ms A L Whiteside
Mrs S A Tucker

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs S A Tucker - Director


20 January 2025

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Consolidated Income Statement
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   

TURNOVER 3,089,992 3,405,431

Cost of sales 2,421,136 2,812,197
GROSS PROFIT 668,856 593,234

Administrative expenses 580,461 486,224
OPERATING PROFIT 4 88,395 107,010

Interest receivable and similar income 474 -
88,869 107,010

Interest payable and similar expenses 5,133 12,906
PROFIT BEFORE TAXATION 83,736 94,104

Tax on profit 23,697 14,936
PROFIT FOR THE FINANCIAL YEAR 60,039 79,168

Profit attributable to:
Owners of the parent 60,039 79,168

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Consolidated Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 293,650 361,301
Investments 8 - -
293,650 361,301

CURRENT ASSETS
Stocks 121,099 134,092
Debtors 9 290,910 251,692
Cash at bank and in hand 388,712 543,492
800,721 929,276
CREDITORS
Amounts falling due within one year 10 649,060 676,175
NET CURRENT ASSETS 151,661 253,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,311

614,402

CREDITORS
Amounts falling due after more than one
year

11

-

(41,903

)

PROVISIONS FOR LIABILITIES (71,408 ) (84,075 )
NET ASSETS 373,903 488,424

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 30 30
Retained earnings 373,803 488,324
373,903 488,424

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Consolidated Balance Sheet - continued
30 September 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mrs S A Tucker - Director


Bagforce Aggregates Group Ltd (Registered number: 09025723)

Company Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 293,650 361,301
Investments 8 100 100
293,750 361,401

CURRENT ASSETS
Debtors 9 220,000 120,000
Cash at bank 161,013 224,095
381,013 344,095
CREDITORS
Amounts falling due within one year 10 261,802 370,738
NET CURRENT ASSETS/(LIABILITIES) 119,211 (26,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,961

334,758

CREDITORS
Amounts falling due after more than one
year

11

-

(41,903

)

PROVISIONS FOR LIABILITIES (71,408 ) (84,075 )
NET ASSETS 341,553 208,780

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 30 30
Retained earnings 341,453 208,680
341,553 208,780

Company's profit for the financial year 307,333 196,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Company Balance Sheet - continued
30 September 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Ms A L Whiteside - Director


Bagforce Aggregates Group Ltd (Registered number: 09025723)

Consolidated Statement of Changes in Equity
for the Year Ended 30 September 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 70 584,480 30 584,580

Changes in equity
Dividends - (175,324 ) - (175,324 )
Total comprehensive income - 79,168 - 79,168
Balance at 30 September 2023 70 488,324 30 488,424

Changes in equity
Dividends - (174,560 ) - (174,560 )
Total comprehensive income - 60,039 - 60,039
Balance at 30 September 2024 70 373,803 30 373,903

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Company Statement of Changes in Equity
for the Year Ended 30 September 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 70 187,548 30 187,648

Changes in equity
Dividends - (175,324 ) - (175,324 )
Total comprehensive income - 196,456 - 196,456
Balance at 30 September 2023 70 208,680 30 208,780

Changes in equity
Dividends - (174,560 ) - (174,560 )
Total comprehensive income - 307,333 - 307,333
Balance at 30 September 2024 70 341,453 30 341,553

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bagforce Aggregates Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

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.

Basis of consolidation
The consolidated financial statements incorporate those of Bagforce Aggregates Group Limited and all of its subsidiaries (i.e. entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits). Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

All financial statements are made up to 30 September 2023. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

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

Goodwill
Acquired goodwill is written off in equal annual instalments over its useful economic life which the directors believe is 4 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 15% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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.

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

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

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rental payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.9.24 30.9.23
£    £   
Depreciation - owned assets 69,867 97,184

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 52,809
AMORTISATION
At 1 October 2023
and 30 September 2024 52,809
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 September 2024

7. TANGIBLE FIXED ASSETS

Group
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 25,000 571,785 596,785
Additions - 3,360 3,360
Disposals - (3,500 ) (3,500 )
At 30 September 2024 25,000 571,645 596,645
DEPRECIATION
At 1 October 2023 15,571 219,913 235,484
Charge for year 1,414 68,453 69,867
Eliminated on disposal - (2,356 ) (2,356 )
At 30 September 2024 16,985 286,010 302,995
NET BOOK VALUE
At 30 September 2024 8,015 285,635 293,650
At 30 September 2023 9,429 351,872 361,301

Company
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 25,000 571,785 596,785
Additions - 3,360 3,360
Disposals - (3,500 ) (3,500 )
At 30 September 2024 25,000 571,645 596,645
DEPRECIATION
At 1 October 2023 15,571 219,913 235,484
Charge for year 1,414 68,453 69,867
Eliminated on disposal - (2,356 ) (2,356 )
At 30 September 2024 16,985 286,010 302,995
NET BOOK VALUE
At 30 September 2024 8,015 285,635 293,650
At 30 September 2023 9,429 351,872 361,301

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 September 2024

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.9.24 30.9.23 30.9.24 30.9.23
£    £    £    £   
Trade debtors 289,569 250,162 - -
Amounts owed by group undertakings - - 220,000 120,000
Other debtors 1,341 1,530 - -
290,910 251,692 220,000 120,000

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.9.24 30.9.23 30.9.24 30.9.23
£    £    £    £   
Hire purchase contracts (see note 12) 41,903 67,248 41,903 67,248
Trade creditors 280,267 234,541 4,895 48
Taxation and social security 97,322 92,083 40,004 70,118
Other creditors 229,568 282,303 175,000 233,324
649,060 676,175 261,802 370,738

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
30.9.24 30.9.23 30.9.24 30.9.23
£    £    £    £   
Hire purchase contracts (see note 12) - 41,903 - 41,903

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 September 2024

12. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year 45,310 72,207
Between one and five years - 45,310
45,310 117,517

Finance charges repayable:
Within one year 3,407 4,959
Between one and five years - 3,407
3,407 8,366

Net obligations repayable:
Within one year 41,903 67,248
Between one and five years - 41,903
41,903 109,151

Company
Hire purchase contracts
30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year 45,310 72,207
Between one and five years - 45,310
45,310 117,517

Finance charges repayable:
Within one year 3,407 4,959
Between one and five years - 3,407
3,407 8,366

Net obligations repayable:
Within one year 41,903 67,248
Between one and five years - 41,903
41,903 109,151

Bagforce Aggregates Group Ltd (Registered number: 09025723)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 September 2024

12. LEASING AGREEMENTS - continued

Group
Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 19,050 18,510

Company
Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 19,050 18,510

13. SECURED DEBTS

The following secured debts are included within creditors:

Group
30.9.24 30.9.23
£    £   
Hire purchase contracts 41,903 109,151

Hire purchase contracts are secured on the assets to which they relate.

14. ULTIMATE CONTROLLING PARTY

The group is controlled by the directors with no ultimate controlling party.