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REGISTERED NUMBER: 06814670 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

24/7 CONCRETE (SHROPSHIRE) LIMITED

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


24/7 CONCRETE (SHROPSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr D B Scott
Mr R W Goodwin





REGISTERED OFFICE: The White Bungalow
Astbury
Bridgnorth
Shropshire
WV16 6AT





REGISTERED NUMBER: 06814670 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

BALANCE SHEET
30TH APRIL 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
313,272 Tangible assets 5 341,393
313,272 341,393

CURRENT ASSETS
131,703 Debtors 6 90,900
95,255 Cash at bank and in hand 165,226
226,958 256,126
CREDITORS
119,055 Amounts falling due within one year 7 167,031
107,903 NET CURRENT ASSETS 89,095
421,175 TOTAL ASSETS LESS CURRENT LIABILITIES 430,488

68,471 PROVISIONS FOR LIABILITIES 85,348
352,704 NET ASSETS 345,140

CAPITAL AND RESERVES
100 Called up share capital 8 100
352,604 Retained earnings 345,040
352,704 SHAREHOLDERS' FUNDS 345,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

BALANCE SHEET - continued
30TH APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd January 2025 and were signed on its behalf by:




Mr D B Scott - Director



Mr R W Goodwin - Director


24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

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

1. STATUTORY INFORMATION

24/7 Concrete (Shropshire) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on cost, 25% on reducing balance and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administration expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 10,937
AMORTISATION
At 1st May 2023
and 30th April 2024 10,937
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

24/7 CONCRETE (SHROPSHIRE) LIMITED (REGISTERED NUMBER: 06814670)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 992,401
Additions 112,113
Disposals (14,645 )
At 30th April 2024 1,089,869
DEPRECIATION
At 1st May 2023 679,129
Charge for year 70,444
Eliminated on disposal (1,097 )
At 30th April 2024 748,476
NET BOOK VALUE
At 30th April 2024 341,393
At 30th April 2023 313,272

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 40,123 50,552
Other debtors 50,777 81,151
90,900 131,703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 50,747 36,085
Taxation and social security 18,382 2,030
Other creditors 97,902 80,940
167,031 119,055

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100