IRIS Accounts Production v24.3.2.46 01012629 director 1.4.23 31.3.24 31.3.24 true false true true false false true true true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010126292023-03-31010126292024-03-31010126292023-04-012024-03-31010126292022-03-31010126292022-04-012023-03-31010126292023-03-3101012629ns15:EnglandWales2023-04-012024-03-3101012629ns14:PoundSterling2023-04-012024-03-3101012629ns10:Director12023-04-012024-03-3101012629ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101012629ns10:FRS1022023-04-012024-03-3101012629ns10:Audited2023-04-012024-03-3101012629ns10:LargeCompaniesRegimeForDirectorsReport2023-04-012024-03-3101012629ns10:LargeCompaniesRegimeForAccounts2023-04-012024-03-3101012629ns10:FullAccounts2023-04-012024-03-3101012629ns10:OrdinaryShareClass12023-04-012024-03-3101012629ns10:CompanySecretary12023-04-012024-03-3101012629ns10:RegisteredOffice2023-04-012024-03-3101012629ns10:Director22023-04-012024-03-3101012629ns5:CurrentFinancialInstruments2024-03-3101012629ns5:CurrentFinancialInstruments2023-03-3101012629ns5:Non-currentFinancialInstruments2024-03-3101012629ns5:Non-currentFinancialInstruments2023-03-3101012629ns5:ShareCapital2024-03-3101012629ns5:ShareCapital2023-03-3101012629ns5:RetainedEarningsAccumulatedLosses2024-03-3101012629ns5:RetainedEarningsAccumulatedLosses2023-03-3101012629ns5:ShareCapital2022-03-3101012629ns5:RetainedEarningsAccumulatedLosses2022-03-3101012629ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3101012629ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3101012629ns5:ReportableOperatingSegment12023-04-012024-03-3101012629ns5:ReportableOperatingSegment12022-04-012023-03-3101012629ns5:ReportableOperatingSegment22023-04-012024-03-3101012629ns5:ReportableOperatingSegment22022-04-012023-03-3101012629ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-04-012024-03-3101012629ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2022-04-012023-03-3101012629ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-04-012024-03-3101012629ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-04-012023-03-3101012629ns5:OwnedAssets2023-04-012024-03-3101012629ns5:OwnedAssets2022-04-012023-03-3101012629ns5:HirePurchaseContracts2023-04-012024-03-3101012629ns5:HirePurchaseContracts2022-04-012023-03-3101012629ns10:OrdinaryShareClass12022-04-012023-03-3101012629ns5:PlantMachinery2023-03-3101012629ns5:FurnitureFittings2023-03-3101012629ns5:MotorVehicles2023-03-3101012629ns5:PlantMachinery2023-04-012024-03-3101012629ns5:FurnitureFittings2023-04-012024-03-3101012629ns5:MotorVehicles2023-04-012024-03-3101012629ns5:PlantMachinery2024-03-3101012629ns5:FurnitureFittings2024-03-3101012629ns5:MotorVehicles2024-03-3101012629ns5:PlantMachinery2023-03-3101012629ns5:FurnitureFittings2023-03-3101012629ns5:MotorVehicles2023-03-3101012629ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3101012629ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101012629ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3101012629ns5:CurrentFinancialInstruments2023-04-012024-03-3101012629ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101012629ns5:FinanceLeasesns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3101012629ns5:FinanceLeasesns5:BetweenOneFiveYears2024-03-3101012629ns5:FinanceLeasesns5:BetweenOneFiveYears2023-03-3101012629ns5:FinanceLeases2024-03-3101012629ns5:FinanceLeases2023-03-3101012629ns5:DeferredTaxation2023-03-3101012629ns5:DeferredTaxation2023-04-012024-03-3101012629ns5:DeferredTaxation2024-03-3101012629ns10:OrdinaryShareClass12024-03-3101012629ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 01012629 (England and Wales)















Strategic Report, Report of the Director and

Audited Financial Statements for the Year Ended 31 March 2024

for

Huyton Asphalt Limited

Huyton Asphalt Limited (Registered number: 01012629)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Strategic Report 2

Report of the Director 7

Report of the Independent Auditors 10

Statement of Comprehensive Income 13

Statement of Financial Position 14

Statement of Changes in Equity 15

Notes to the Financial Statements 16


Huyton Asphalt Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Blennerhassett





SECRETARY: Mrs L T Lythgoe





REGISTERED OFFICE: Merton Bank Road
Parr
St Helens
Merseyside
WA9 1HZ





REGISTERED NUMBER: 01012629 (England and Wales)





AUDITORS: Haines Watts
Statutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Huyton Asphalt Limited (Registered number: 01012629)

Strategic Report
for the Year Ended 31 March 2024

The principal activities of the company during the year were those of tarmacadam and asphalt surfacing, civil engineering and groundworks. The company delivers contracts ranging in size from £10,000 to £3 million and utilises its own direct workforce. The company's activities span a wide range of work-types and sectors including Local Authorities, Housing, Industrial and Commercial.

REVIEW OF BUSINESS
Our industry has faced challenges during the year to March 2024, including continuing issues with inflation and the availability of materials, and, also, a decline in activity within the Construction sector.

We also had continuing pressures of local competition in our sector de-stabilising the market, and, we are pleased to have managed to continue to overcome any such difficulties and continue our upward trajectory. This has been achieved through the hard work, dedication and resilience of our loyal workforce.

Turnover for the year was £42.5m (2023: £41.6m), which is a marginal 2% increase and a positive result following the key focus from 2023 to retain profitability.

The company reported a profit before tax of £3.8m (2023: profit before tax of £3.6m). The gross profit margin remained fairly constant at 14.4% (2023: 14.4%), which, again, is another positive result as we have managed to retain margins whilst having to manage increasing inflationary pressures in our sectors.

Administrative costs of £2.5m (2023: £2.6m) are in line with expectations for the year and the management has seen no reason to make any significant cuts in overheads as these resources will be needed to support future growth.

The company has a strong Statement of Financial Position at the year end with net assets of £26.4m (2023: £24.4m) and has strong liquidity with year end cash balances of £7.1 m (2023: £4.9m).

Our pipeline of work remained strong throughout 2024, which supported the company ethos to maintain a stable overhead base.

The company maintains a healthy ratio of Net Assets to Turnover of 62% (2023: 59%). This continues to rank highly against our industry competitors and is a good indicator that the company trades within its financial capabilities.

Despite volatile industry conditions over the last three years, a combination of financial strength and liquidity has provided the company with the confidence to continue to invest in the future as we seek to maintain a competitive advantage in what is a challenging period for the industry. During the period the company continued to focus and invest in the technology and infrastructure to support our continued success.

The company has also continued to invest in the future by maintaining a comprehensive employee training programme, particularly when many companies around us have cut their training budgets. We have maintained a strong commitment to investing in apprentices, recognising that these staff will always represent a valuable asset which transcends market cycles.

To remain competitive and to recognise the changing nature of our clients' requirements, we continue to investigate, research and utilise alternative methods of construction. Adopting the most appropriate innovative and technological improvements will benefit our clients and ourselves by reducing costs and construction programme durations as well as reducing the environmental impact of our operations.

The company has continued to invest time and resources into understanding Net Carbon Zero, looking at how we can reduce our own carbon footprint but also positioning ourselves as a leading solutions provider for clients who are looking to decarbonise their operations in order to meet their own Net Carbon Zero targets.


Huyton Asphalt Limited (Registered number: 01012629)

Strategic Report
for the Year Ended 31 March 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Other than general economic risks, the principal risks facing the company remain those relating to a highly competitive tender market, inflation in supply chain costs, staff retention. and other regulations.

The Ukraine war has disrupted world-wide supply chains and has resulted in significant increases in both inflation and interest rates to the UK economy. The future trends in both inflation and interest rates remain uncertain and have generated volatility in the supply chain.

The director continues to monitor the potential impact of the above issues on our clients.

FINANCIAL KEY PERFORMANCE INDICATORS
The director has monitored the progress of the company with reference to certain financial key performance indicators:

2024 2023

Turnover £42.5m £41.6m
Gross profit % 14.4% 14.4%
Net assets: Turnover ratio 62% 59%


The director also monitors certain non-financial key performance indicators:


2024 2023

Average number of employees 92 86
Apprentices as a proportion of direct workforce 6% 5%


SECTION 172(1) STATEMENT
In accordance with section 172 of the Companies Act 2006, the director, confirms that during the year ended 31 March 2024, he acted in good faith and have upheld his 'duty to promote the success of the company to the benefit of its stakeholder groups'. Section 172 describes a diverse range of stakeholders whose interests are said to feature in the 'success of the company'; comments on each of these are provided below:


Huyton Asphalt Limited (Registered number: 01012629)

Strategic Report
for the Year Ended 31 March 2024

ENGAGEMENT WITH EMPLOYEES
At Huyton Asphalt, we prioritise our people and have embedded sustainability at the core of our operations, creating shared value for both our business and the communities we serve. By employing our own workforce and apprentices, we ensure continuity, sustainability, and long-term skills development within the organisation. We are committed to fostering a workplace where our employees feel proud to be part of Huyton Asphalt and the broader construction industry.

Our HA Means More initiative underpins our commitment to delivering social value across all contracts. Over the past year, we have welcomed three new apprentices, facilitated work placements for individuals from disadvantaged backgrounds, and provided numerous hours of valuable work experience.

We remain a certified Living Wage Employer dedicated to maintaining a healthy, inclusive workplace for employees and subcontractors alike. We strive to offer quality work opportunities that positively impact the overall wellbeing of our people. This year, we were reaccredited with the Workplace Wellbeing Charter, reflecting our proactive approach to championing a positive workplace culture. By equipping our workforce with the knowledge, tools, and confidence to manage their health and wellbeing and support their colleagues, we continue to see the benefits of prioritising employee welfare.

In 2024, we further strengthened our efforts to address mental health and wellbeing. We have promoted open conversations about mental health through our internal mental health campaign, It's Time to Talk, and our renewed Company Supporter status with the Lighthouse Construction Industry Charity. This partnership enables us to provide emotional, physical, and financial support to construction workers and their families, reinforcing our commitment to the wellbeing of all those connected to Huyton Asphalt.

In addition, we have:

- Employed 5 apprentices including 2 NEET's;
- Recruited 3 employees who were long term unemployed as a result of a recruitment programme;
- Supported 8 paid work placements of two weeks or more;
- Given access for all supply chain and staff to the Lighthouse Club;
- Reaccredited our status as a member of the Workplace Wellbeing Charter; and
- Delivered over 100 hours of supportive colleague working hours to local charities and organisations.

We have always put people first and have worked hard to embed sustainability into the core of business operations to create shared value for business and society. Huyton Asphalt has always employed its own workforce and apprentices and is committed to continuing to do so. This gives us continuity and sustainability in our operations. We want our people to be proud to be part of Huyton Asphalt and of this industry.

ENGAGEMENT WITH SUPPLIERS, CUSTOMERS AND OTHERS
The culture of our business is based on a proactive approach to collaboration. We continue to focus on ensuring our customers enjoy a positive experience, with building relationships being as important to us as building projects. We take enormous pride in the friendships and partnerships we make in this industry, in local communities and with our customers and employees.

Our business units have developed their structures to provide clarity in the service to clients, with technical and sector specific experts which enable us to deliver innovation for our customers, providing quality solutions, on budget and on time. With strong relationships across a number of key frameworks we have continued to grow the repeat customer base and investigate new markets.

Our supply chain partners continue to play a significant role in the delivery of goods and services across all our sectors. Through the refinement process to achieve our approved supplier list we have created a structured mandatory selection process which ensures our supply chain demonstrates the highest level of quality and health & safety.


Huyton Asphalt Limited (Registered number: 01012629)

Strategic Report
for the Year Ended 31 March 2024

STAKEHOLDERS AND STRATEGY
The Board's primary responsibility is to promote the long-term success of the company by creating and delivering sustainable shareholder value as well as contributing to wider society. The successful delivery of the long-term plans relies on key input and positive relationships with a wide range of stakeholders. The Board seeks to achieve this by setting out its strategy, monitoring performance against the company's strategic objectives and reviewing the implementation of the strategy.

A formal schedule of matters reserved for Board approval is maintained and reviewed regularly for operational relevance. This includes the determination of the company's strategy and long-term direction, reviewing health and safety performance, approval of budgets, capital expenditure, project selection, organisational changes and changes in key policies. The Board also monitors the effectiveness of the company's systems of internal control, governance and risk management.

SOCIAL RESPONSIBILITY
In 2024, we launched our "Time for Change: Net Zero" initiative. As part of this initiative, we are actively developing our Carbon Reduction Strategy and are committed to reducing our greenhouse gas emissions. We collaborate with our supply chain, communities we work in, businesses, councils, trade associations, and the government to drive innovation, foster creativity, and promote inclusivity, while continually challenging and improving our operations.

Our strong commitment to our "HA Means More" culture allowed us to create meaningful social impact in the local community. Throughout the year, we successfully generated social value across our frameworks and contracts, demonstrating our dedication to supporting those in need. We continued to contribute to local charities, such as the Bobby Colleran Trust and provided ongoing support to food banks in the communities in which we work. Additionally, we actively promoted career development by organising events in schools and higher education institutions. These efforts were complemented by our ongoing commitment to deliver training opportunities for all our employees, empowering them to grow professionally and contribute even more.

Additionally, we have:

- Increased our electric vehicle fleet by 100%;
- Donated to over 25 individual charities;
- Delivered 7 road safety assemblies in local schools; and
- Supported 67 weeks of training opportunities.

Partnerships are crucial to the longevity of our business. We aim to cultivate loyalty through long-term decision-making, ensuring Huyton Asphalt's legacy continues. Maintaining strong relationships with our staff, customers, community groups, and supply chain is essential for our continued success. Our commitment extends beyond ethical workplace practices and environmental efficiencies. We take pride in our 'HA Means More' ethos and initiatives. We direct our efforts where they are needed most, striving to create positive and lasting change. Examples include volunteering our time within the communities in which we operate.

Huyton Asphalt Limited (Registered number: 01012629)

Strategic Report
for the Year Ended 31 March 2024

We maximise our impact by strategically focusing our resources on our key social value priority areas including:

- Promoting employment opportunities in the construction industry to school leavers and graduates;
- Enhancing road safety awareness initiatives for vulnerable road users; and
- Collaborating with support organisations to create employment opportunities for disadvantaged individuals.

As part of this commitment, we also:

- Exhibited at career fairs across the North West and fostered our ongoing relationship with the University of Liverpool.
- Worked with The Bobby Colleran Trust to deliver road safety assemblies;
- Provided easter eggs, Christmas Toys and Care Packages to local authorities and charity annual appeals; and
- Sponsored local sports teams and organisations.

ON BEHALF OF THE BOARD:





J Blennerhassett - Director


16 January 2025

Huyton Asphalt Limited (Registered number: 01012629)

Report of the Director
for the Year Ended 31 March 2024

The director presents his report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of tarmacadam and asphalt surfacing and civil engineering.

DIVIDENDS
The profit for the year, after taxation, amounted to £2,930,364 (2023: £2,928,360).

The director recommended and paid dividends of £952,485 (2023: £568,349).

DIRECTORS
J Blennerhassett has held office during the whole of the period from 1 April 2023 to the date of this report.

Other changes in directors holding office are as follows:

F Blennerhassett - resigned 24 January 2024

GOING CONCERN
As detailed in the financial statements the company meets its day-to-day working capital requirements through significant available cash balances.

The director of Huyton Asphalt Limited has prepared forecasts for the period to 31 March 2024, and, after review of the forecasts, significant available cash resources and consideration of the parental support from the ultimate parent company, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements.

Accordingly, he continues to adopt the going concern basis in the preparation of these financial statements.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS
The company has agreed to indemnify its director against third party claims which may be brought against them and has put in place a director and officers insurance policy.


Huyton Asphalt Limited (Registered number: 01012629)

Report of the Director
for the Year Ended 31 March 2024

FUTURE DEVELOPMENTS
2025 will see a continuation of the strategy of continued focus and investment on innovation and research, whilst maintaining a conscious limit on the number of large-scale activities that we undertake.

FINANCIAL RISK MANAGEMENT
The company's principal financial assets are cash deposits, cash, amounts receivable on contracts and trade debtors. The credit risk associated with cash is linked to the impact of long-term contracts with our customers. The director manages this credit risk through a detailed customer approval and acceptance process and relevant credit insurance where required.

The director constantly monitor and forecast cash flow and consider that the company is in a strong position in terms of its ability to manage cash flow and liquidity risks.

INVESTMENT IN OUR PEOPLE
With a workforce of nearly 100, the director recognises that the success of the business depends on the dedication, quality and enthusiasm of our staff, management and employees based on site. This allows us the flexibility to mobilise quickly in response to our clients' requirements and provides the company with a competitive advantage. As a result, the company continues to invest in developing and training its people with a commitment to provide opportunities across the workforce, from creating work placements, developing apprentices, providing targeted training programmes to upskill and qualify individuals and supporting staff seeking to progress and gain a professional qualification.

DISABLED EMPLOYEES
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

STREAMLINED ENERGY AND CARBON REPORTING
The SECR disclosure covers the Company's greenhouse gas emissions (scope 1 and 2), an appropriate intensity ratio, the total energy usage of gas, electricity, fuel for transport and production.


2024 2023

Emissions resulting from activities for which the company is responsible involving
the combustion of gas or consumption of fuel for the purposes of transport (in
tonnes of CO2 equivalent)


734.77


752,81

Emissions resulting from the purchase of electricity by the company for its own
use, including for the purposes of transportation

15.58

10.91

Energy consumed from activities for which the company is responsible involving
the combustion of gas, or the consumption of fuel for the purposes of transport,
and the annual quantity of energy consumed resulting from the purchase of
electricity by the company for its own use, including for the purposes of transport,
in kWH




3,029,771




3,096,860

An intensity ratio of 17.2 (2023: 18.3) has been calculated as tCO2e gross figure based on above fields/£m revenue.

GHG emissions have been calculated through the application of BEIS '2022 Government Greenhouse Gas Conversion Factors for Company Reporting' (June 2022) using the reporting standard 'The Greenhouse Gas Protocol - Corporate Accounting and Reporting Standard (WBCSD & WRI 2015 updated edition)'.

The following energy efficiency actions shave been initiated during the reporting period;
- Promotion of our HALO™ range of carbon reducing products;

Huyton Asphalt Limited (Registered number: 01012629)

Report of the Director
for the Year Ended 31 March 2024

- Employed a sustainability team to review orders, long term agreements, and suppliers to ensure carbon and sustainability requirements are considered; and
- Ongoing transfer of relevant fleet to hybrid or electric vehicles.

DISCLOSURE IN THE STRATEGIC REPORT
The company has chosen in accordance with the Companies Act 2006, s. 414C (11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report, including employee engagement statement and stakeholder engagement statement (incorporated within the section 172 statement).

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Haines Watts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Blennerhassett - Director


16 January 2025

Report of the Independent Auditors to the Members of
Huyton Asphalt Limited

Opinion
We have audited the financial statements of Huyton Asphalt Limited (the 'company') for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Huyton Asphalt Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page nine, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the company, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principle risks were related to inflated income and surplus.

Report of the Independent Auditors to the Members of
Huyton Asphalt Limited

Audit procedures performed included:

- Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
- Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
- Reviewing financial statements disclosures and testing to supporting documentation to assess compliance with applicable law and regulations;
- Challenging assumptions and judgements made by management in its significant accounting estimates in particular:
- Depreciation - we carried out a review and recalculation of depreciation to assess its appropriateness for inclusion within the financial statements;
- Accruals & Prepayments - we reviewed a sample of accruals and prepayments in the year to determine that these were applied correctly; and
- Tax Provisions - we carried out a review of the tax computations and ensured it was applied correctly.
- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael Forshaw BA FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts
Statutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

16 January 2025

Huyton Asphalt Limited (Registered number: 01012629)

Statement of Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
Notes £ £

TURNOVER 3 42,496,389 41,663,202

Cost of sales 36,394,063 35,638,389
GROSS PROFIT 6,102,326 6,024,813

Administrative expenses 2,543,512 2,592,499
3,558,814 3,432,314

Other operating income 164,815 138,184
OPERATING PROFIT 5 3,723,629 3,570,498

Interest receivable and similar income 110,569 33,317
3,834,198 3,603,815

Interest payable and similar expenses 6 23,167 19,851
PROFIT BEFORE TAXATION 3,811,031 3,583,964

Tax on profit 7 880,667 655,604
PROFIT FOR THE FINANCIAL YEAR 2,930,364 2,928,360

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

2,930,364

2,928,360

Huyton Asphalt Limited (Registered number: 01012629)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 10 2,233,668 2,343,798
Investment property 11 739,431 739,431
2,973,099 3,083,229

CURRENT ASSETS
Debtors 12 27,274,512 28,246,313
Cash at bank 6,447,414 4,944,065
33,721,926 33,190,378
CREDITORS
Amounts falling due within one year 13 9,631,417 11,173,727
NET CURRENT ASSETS 24,090,509 22,016,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,063,608

25,099,880

CREDITORS
Amounts falling due after more than one
year

14

(140,749

)

(141,715

)

PROVISIONS FOR LIABILITIES 17 (527,370 ) (540,555 )
NET ASSETS 26,395,489 24,417,610

CAPITAL AND RESERVES
Called up share capital 18 500 500
Retained earnings 19 26,394,989 24,417,110
SHAREHOLDERS' FUNDS 26,395,489 24,417,610

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





J Blennerhassett - Director


Huyton Asphalt Limited (Registered number: 01012629)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 April 2022 500 22,057,099 22,057,599

Changes in equity
Dividends - (568,349 ) (568,349 )
Total comprehensive income - 2,928,360 2,928,360
Balance at 31 March 2023 500 24,417,110 24,417,610

Changes in equity
Dividends - (952,485 ) (952,485 )
Total comprehensive income - 2,930,364 2,930,364
Balance at 31 March 2024 500 26,394,989 26,395,489

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Huyton Asphalt Limited 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 Company 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

Significant judgements and estimates
Estimates and judgements are continually evaluated by the directors and are based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstance.

Critical judgements in applying the group's accounting policies

The directors believe that no critical judgements have been made in applying the company's accounting policies as documented within note 2.

Key accounting estimates and assumptions

The company have made estimates and assumptions concerning its future as part of the production of these financial statements. The resulting accounting estimates will, by definition, seldom equal the related actual results of the respective transaction. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of the respective assets and liabilities of the group within the next financial year are addressed below:

Market value of investment properties
Annually, the directors consider the fair value of the investment properties held, with consideration of both internal and external data, to ensure the carrying amount of the properties is materially consistent with their fair value.

Useful economic life of tangible fixed assets
The useful economic lives, and related depreciation rates, of the fixed assets are are intended to reflect management's expectation of the useful economic life of those assets based on both historical experience as well as other external information. The depreciation rates applied are regularly reviewed by the directors to ensure these are materially consistent with the use of the assets.

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is generated through the provision of a range of tarmacadam and asphalt surfacing, civil engineering and groundworks. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery-10% on cost
Fixtures and fittings- 20% on reducing balance and 10% on reducing balance
Motor vehicles-25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.


Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an 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.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

31.3.24 31.3.23
£ £
Tarmacadam and asphalt surface 29,357,381 29,280,163
Civil engineering sales 13,139,008 12,383,039
42,496,389 41,663,202

All turnover arose within the United Kingdom.

4. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
£ £
Wages and salaries 4,349,680 4,190,504
Social security costs 537,611 490,715
Other pension costs 367,423 309,195
5,254,714 4,990,414

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.3.24 31.3.23

Site 63 59
Office 29 27
92 86

31.3.24 31.3.23
£ £
Directors' remuneration 11,500 9,500
Directors' pension contributions to money purchase schemes 80,000 80,000

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.24 31.3.23
£ £
Hire of plant and machinery 766,304 789,081
Depreciation - owned assets 454,622 418,980
(Profit)/loss on disposal of fixed assets (10,463 ) 5,485
Auditors' remuneration 11,500 13,850

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
£ £
Hire purchase 23,167 19,851

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£ £
Current tax:
UK corporation tax 893,853 524,992

Deferred tax (13,186 ) 130,612
Tax on profit 880,667 655,604

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.24 31.3.23
£ £
Profit before tax 3,811,031 3,583,964
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

952,758

680,953

Effects of:
Expenses not deductible for tax purposes 62,937 25,271
Income not taxable for tax purposes (31,796 ) (778 )
Capital allowances in excess of depreciation - (12,089 )
Depreciation in excess of capital allowances 15,598 -
Adjustment in research and development tax credit (105,645 ) (168,365 )
Deferred tax charge (13,185 ) 130,612
Total tax charge 880,667 655,604

8. DIVIDENDS
31.3.24 31.3.23
£ £
Ordinary shares shares of 1 each
Final 6,000 568,349
Interim 946,485 -
952,485 568,349

9. PRIOR YEAR ADJUSTMENT

On review, it has been identified that director's loan account balance due at the end of the prior year has previously been disclosed within the other creditors balance. The disclosure of this balance has been corrected in the comparatives.

The Statement of Comprehensive Income has not been impacted by this restatement.

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2023 3,602,612 80,125 1,038,160 4,720,897
Additions 118,898 15,978 236,482 371,358
Disposals - - (115,209 ) (115,209 )
At 31 March 2024 3,721,510 96,103 1,159,433 4,977,046
DEPRECIATION
At 1 April 2023 1,644,203 78,264 654,632 2,377,099
Charge for year 368,790 587 85,245 454,622
Eliminated on disposal - - (88,343 ) (88,343 )
At 31 March 2024 2,012,993 78,851 651,534 2,743,378
NET BOOK VALUE
At 31 March 2024 1,708,517 17,252 507,899 2,233,668
At 31 March 2023 1,958,409 1,861 383,528 2,343,798

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

20232022
££
Plant and machinery458,2921,186,919
Motor vehicles269,339182,931
727,6311,369,850

11. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 739,431
NET BOOK VALUE
At 31 March 2024 739,431
At 31 March 2023 739,431

The director has performed an assessment of the fair value of the property as at 31 March 2024 and believes the fair value of the property continues to be equal to the cost.

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. INVESTMENT PROPERTY - continued

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

£   
Historic cost
At 1 April 2023 and 31 March 2024 739,431

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 4,258,234 7,086,000
Amounts owed by group undertakings 15,935,013 19,065,013
Amounts owed by participating interests 5,625,695 -
Other debtors 867,980 1,614,453
VAT 480,578 170,393
Prepayments and accrued income 107,012 310,454
27,274,512 28,246,313

The amounts owed by group undertakings and the amounts owed by participating interests are interest free, unsecured loans which are repayable on demand.

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Finance leases (see note 15) 141,096 320,343
Trade creditors 3,491,929 4,372,192
Amounts owed to participating interests 30,596 -
Tax 893,853 1,026,340
Social security and other taxes 42,621 52,121
Other creditors 2,944,779 3,540,925
Directors' current accounts 2,000,000 1,800,000
Accruals and deferred income 86,543 61,806
9,631,417 11,173,727

Amounts owed to participating interests relates to unsecured, interest free loans which are repayable on demand.

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Finance leases (see note 15) 140,749 141,715

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

15. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
31.3.24 31.3.23
£ £
Net obligations repayable:
Within one year 141,096 320,343
Between one and five years 140,749 141,715
281,845 462,058

16. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£ £
Finance leases 281,845 462,058

Finance lease liabilities are secured against the asset to which they relate.

17. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£ £
Deferred tax 527,370 540,555

Deferred tax
£
Balance at 1 April 2023 540,555
Credit to Statement of Comprehensive Income during year (13,185 )
Balance at 31 March 2024 527,370

The deferred tax liability set out above is expected to reverse within the foreseeable future and relates to accelerated capital allowances and other short term timing differences.

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
500 Ordinary shares 1 500 500

The company's ordinary shares, which carry no right to fixed income, each carry the right to one vote at general meetings of the company.

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

19. RESERVES
Retained
earnings
£

At 1 April 2023 24,417,110
Profit for the year 2,930,364
Dividends (952,485 )
At 31 March 2024 26,394,989

Includes all current and prior period retained profits and losses less dividends paid.

20. PENSION COMMITMENTS

The company operates a defined contribution pension scheme.

The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £367,423 (2023: £309,195)

Contributions totalling £1,124 (2023: £510) were payable to the fund at the Statement of Financial Position date and are included in creditors.

During the year, the company made contributions to the director's personal pension plans. Contributions paid in respect of the director in aggregate is £80,000 (2023: £80,000).

21. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
31.3.24 31.3.23
£ £
Sales 7,115,215 4,000,904
Purchases 16,164,491 12,858,797
Amount due from related party 6,439,152 6,401,533
Amount due to related party 921,308 2,524,059

All related party transactions took place at arm's length and balances are repayable on demand and are unsecured, interest free loans. At year end, an amount of £1,695 is receivable from an entity connected through common directorship. In addition to this, an amount of £5,624,000 is receivable from an entity related by it holding a non-controlling interest in the company's immediate parent. An amount of £30,596 is repayable to an entity connected through common directorship.

The company has taken advantage of the exemption conferred under FRS 102, as a wholly owned subsidiary, not to disclose balances and transactions with other wholly owned group companies as consolidated accounts of the ultimate parent company are available.

Huyton Asphalt Limited (Registered number: 01012629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

22. ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

Huyton Asphalt Limited is 100% owned by Huyton Asphalt Holdings Limited.

Huyton Asphalt Management Limited is regarded by the director as being the company's ultimate parent company, by virtue of their 65% shareholding in Huyton Asphalt Holdings Limited. Its registered address is Merton Bank Road, St. Helens, WA9 1HZ and its registered number is 14174575.

Huyton Asphalt Management Limited is the smallest and largest company for which consolidated accounts including Huyton Asphalt Limited are prepared. The consolidated accounts of Huyton Asphalt Management Limited are available to the public and may be obtained from Companies House, Cardiff, CF14 3UZ.