Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-310Quarrying of ornamental and building stone, limestone, gypsum, chalk and slateThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2023-06-01false3false 14908665 2023-05-31 14908665 2023-06-01 2024-03-31 14908665 2022-06-01 2023-05-31 14908665 2024-03-31 14908665 c:Director1 2023-06-01 2024-03-31 14908665 d:PlantMachinery 2023-06-01 2024-03-31 14908665 d:PlantMachinery 2024-03-31 14908665 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-03-31 14908665 d:CurrentFinancialInstruments 2024-03-31 14908665 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14908665 d:ShareCapital 2024-03-31 14908665 d:RetainedEarningsAccumulatedLosses 2024-03-31 14908665 c:FRS102 2023-06-01 2024-03-31 14908665 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-03-31 14908665 c:FullAccounts 2023-06-01 2024-03-31 14908665 c:PrivateLimitedCompanyLtd 2023-06-01 2024-03-31 14908665 e:PoundSterling 2023-06-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14908665










CELTIC QUARRIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
CELTIC QUARRIES LIMITED
REGISTERED NUMBER: 14908665

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
28,865

Current assets
  

Stocks
  
142,755

Debtors: amounts falling due within one year
 5 
214,632

Cash at bank and in hand
  
45,048

  
402,435

Creditors: amounts falling due within one year
 6 
(510,409)

Net current (liabilities)/assets
  
 
 
(107,974)

Total assets less current liabilities
  
(79,109)

  

Net (liabilities)/assets
  
(79,109)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(79,209)

  
(79,109)


Page 1

 
CELTIC QUARRIES LIMITED
REGISTERED NUMBER: 14908665
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 January 2025.




T Broadhurst
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CELTIC QUARRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Celtic Quarries Limited is a private company limited by shares, incorporated in England and Wales on 1 June 2023 (registered number: 14908665). Its registered office is Long Rake, Youlgrave, Bakewell, Derbyshire, DE45 1LW. The principal activity throughout the year was that of quarrying of ornamental and building stone, limestone, gypsum, chalk and slate. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the basis that the company will be able to continue as a going concern. The directors have based this assumption on their expectation that sufficient profits will be generated to cover net current liabilities in the future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CELTIC QUARRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in the statement of income and retained earnings.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
33%
straight-line method

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CELTIC QUARRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet 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.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Tangible fixed assets





Plant and machinery

£



Cost 


Additions
37,619



At 31 March 2024

37,619



Depreciation


Charge for the period on owned assets
8,754



At 31 March 2024

8,754



Net book value



At 31 March 2024
28,865

Page 5

 
CELTIC QUARRIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Debtors

2024
£


Trade debtors
172,797

Other debtors
35,835

Prepayments and accrued income
6,000

214,632



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
354,664

Other creditors
119,369

Accruals and deferred income
36,376

510,409


 
Page 6