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REGISTERED NUMBER: 04858155 (England and Wales)















Strategic Report, Directors' Report and

Financial Statements for the Year Ended 31 August 2024

for

Wordsworth Crushing Limited

Wordsworth Crushing Limited (Registered number: 04858155)

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










Page

Company Information 1

Strategic Report 2

Directors' Report 3

Statement of Directors' Responsibilities 4

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


Wordsworth Crushing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr Oliver Joseph Wordsworth
Mr Gregory Brook Wordsworth
Mr Dean Lax
Mr Ashley Grist



SECRETARY: Mr Gregory Brook Wordsworth



REGISTERED OFFICE: Unit 1 Wordsworth Business Park
Whaley Road
Barugh Green
Barnsley
South Yorkshire
S75 1FJ



REGISTERED NUMBER: 04858155 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Virgin Money
1A Peel Square
Barnsley
South Yorkshire
S70 2PL

Wordsworth Crushing Limited (Registered number: 04858155)

Strategic Report
for the Year Ended 31 August 2024


The directors present their strategic report for the year ended 31 August 2024.

REVIEW OF BUSINESS
During the year the company continued to operate within the construction industry, with the majority of sales relating to the Crushing and Screening of Aggregates for large Quarrying Companies.

Turnover decreased during the year by (6.1%), which was mainly due to the difficult trading conditions within the construction sector. Sales were also affected by the constant adverse weather conditions that were prevalent for the vast majority of the trading year. The Gross Profit Margin decreased from 30.8% to 22.4%, the main reason being the increases in personnel costs, driven partly by higher inflation. The company continues to be affected by the Global Economic increase in prices, however, we continue to have good cost controls and many increases have been offset by improvements in efficiency.

Since the year end the company has seen the turnover continue at good levels, we are still winning new projects with new and existing customers and expect turnover for the current year to surpass the previous year.

The company's key financial and other performance indicators during the year were as follows:

Unit 2024 2023
Turnover £   's 16,902 17,998
Turnover growth % (6.1 ) 6.2
Gross profit margin % 22.4 30.8
Profit before tax £   's 427 1,900

PRINCIPAL RISKS AND UNCERTAINTIES
The main factors outside our control include the actions of our competitors, government policy and the macroeconomic environment. Our senior management regularly review the competitive threats we face in order to identify the appropriate actions to be taken.

On writing this report, it is positive to note that UK inflation seems to finally be back under control and interest rates are expected to fall over the following 12 months. This should only add to the very positive outlook that we believe the company has and we fully expect to achieve the plans for the current financial year. An added target for the coming year is to ensure reduction in our short term and long term debt, thus strengthening the companies financial position.

The main factors within our control are, our internal operations, and the recruitment, retention and training of the workforce with the appropriate skills necessary to provide the high level services required to retain key customers.

ON BEHALF OF THE BOARD:





Mr Oliver Joseph Wordsworth - Director


13 February 2025

Wordsworth Crushing Limited (Registered number: 04858155)

Directors' Report
for the Year Ended 31 August 2024


The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the crushing and screening of aggregates for large quarrying companies.

DIVIDENDS
No dividends will be distributed for the year ended 31 August 2024.

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

Mr Oliver Joseph Wordsworth
Mr Gregory Brook Wordsworth
Mr Dean Lax

Other changes in directors holding office are as follows:

Mr Ashley Grist was appointed as a director after 31 August 2024 but prior to the date of this report.

Mr Stephen Ian Wordsworth ceased to be a director after 31 August 2024 but prior to the date of this report.

GOING CONCERN
The directors have assessed the forthcoming year from the date of approval of these financial statements and believe the company is a going concern. An explanation as to why the company is thought to be a going concern is set out in the notes to the financial statements.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are 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 each director 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, Landin Wilcock & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr Oliver Joseph Wordsworth - Director


13 February 2025

Wordsworth Crushing Limited (Registered number: 04858155)

Statement of Directors' Responsibilities
for the Year Ended 31 August 2024


The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

Report of the Independent Auditors to the Members of
Wordsworth Crushing Limited


Opinion
We have audited the financial statements of Wordsworth Crushing Limited (the 'company') for the year ended 31 August 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 August 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Directors' Report and the Statement of Directors' Responsibilities, 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Wordsworth Crushing 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 Directors' Report.

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 directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have 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:

- minimal reliance was placed upon the operating effectiveness of internal controls in the design and
performance of our substantive procedures;

- discussions were held with management considering known or suspected non-compliance with laws,
regulations and fraud;

- journal entries were reviewed for any entries made outside the ordinary reporting processes with particular
emphasis on those with unusual account combinations, entries crediting revenue and those without specific
descriptions;

- management assumptions in their significant accounting estimates were challenged and scrutinised.
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.

Report of the Independent Auditors to the Members of
Wordsworth Crushing Limited


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.




Tom Henshaw (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR

13 February 2025

Wordsworth Crushing Limited (Registered number: 04858155)

Income Statement
for the Year Ended 31 August 2024

31/8/24 31/8/23
Notes £    £   

TURNOVER 3 16,901,805 17,997,610

Cost of sales (13,110,831 ) (12,457,425 )
GROSS PROFIT 3,790,974 5,540,185

Administrative expenses (2,836,225 ) (3,106,624 )
OPERATING PROFIT 5 954,749 2,433,561

Interest receivable and similar income - 7,137
954,749 2,440,698

Interest payable and similar expenses 6 (527,534 ) (540,342 )
PROFIT BEFORE TAXATION 427,215 1,900,356

Tax on profit 7 (29,836 ) 19,657
PROFIT FOR THE FINANCIAL YEAR 397,379 1,920,013

Wordsworth Crushing Limited (Registered number: 04858155)

Other Comprehensive Income
for the Year Ended 31 August 2024

31/8/24 31/8/23
Notes £    £   

PROFIT FOR THE YEAR 397,379 1,920,013


OTHER COMPREHENSIVE INCOME
Deferred tax on revalued PPE 1,008 1,260
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME FOR THE
YEAR, NET OF INCOME TAX

1,008

1,260
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

398,387

1,921,273

Wordsworth Crushing Limited (Registered number: 04858155)

Balance Sheet
31 August 2024

31/8/24 31/8/23
Notes £    £   
FIXED ASSETS
Tangible assets 9 15,044,834 15,453,939

CURRENT ASSETS
Stocks 10 15,750 14,500
Debtors 11 5,726,565 6,516,871
Cash at bank 161,172 371,145
5,903,487 6,902,516
CREDITORS
Amounts falling due within one year 12 (8,121,262 ) (9,488,170 )
NET CURRENT LIABILITIES (2,217,775 ) (2,585,654 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,827,059 12,868,285

CREDITORS
Amounts falling due after more than one
year

13

(2,463,940

)

(2,932,381

)

PROVISIONS FOR LIABILITIES 16 (2,382,210 ) (2,353,382 )
NET ASSETS 7,980,909 7,582,522

CAPITAL AND RESERVES
Called up share capital 17 90 90
Revaluation reserve 18 12,099 15,122
Capital redemption reserve 18 10 10
Retained earnings 18 7,968,710 7,567,300
SHAREHOLDERS' FUNDS 7,980,909 7,582,522

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by:





Mr Oliver Joseph Wordsworth - Director


Wordsworth Crushing Limited (Registered number: 04858155)

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

Called up Capital
share Retained Revaluation redemption Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 September 2022 100 7,104,088 43,061 - 7,147,249

Changes in equity
Purchase of own shares (10 ) (1,000,000 ) - 10 (1,000,000 )
Dividends - (486,000 ) - - (486,000 )
Total comprehensive income - 1,921,273 - - 1,921,273
Transfer realised profit on
revalued PPE depreciation - 27,939 (27,939 ) - -
Balance at 31 August 2023 90 7,567,300 15,122 10 7,582,522

Changes in equity
Total comprehensive income - 398,387 - - 398,387
Transfer realised profit on
revalued PPE depreciation - 3,023 (3,023 ) - -
Balance at 31 August 2024 90 7,968,710 12,099 10 7,980,909

Wordsworth Crushing Limited (Registered number: 04858155)

Cash Flow Statement
for the Year Ended 31 August 2024

31/8/24 31/8/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 4,252,333 6,433,090
Interest paid (129,802 ) (101,420 )
Interest element of hire purchase
payments paid

(397,732

)

(438,922

)
Tax paid (84,375 ) 1,303,810
Net cash from operating activities 3,640,424 7,196,558

Cash flows from investing activities
Purchase of tangible fixed assets (148,368 ) (270,271 )
Sale of tangible fixed assets 244,000 404,766
Interest received - 7,137
Net cash from investing activities 95,632 141,632

Cash flows from financing activities
Capital repayments in year (4,036,029 ) (5,902,735 )
Amount introduced by directors 250,000 200,000
Amount withdrawn by directors (160,000 ) (250,000 )
Share buyback - (1,000,000 )
Equity dividends paid - (486,000 )
Net cash from financing activities (3,946,029 ) (7,438,735 )

Decrease in cash and cash equivalents (209,973 ) (100,545 )
Cash and cash equivalents at beginning
of year

2

371,145

471,690

Cash and cash equivalents at end of
year

2

161,172

371,145

Wordsworth Crushing Limited (Registered number: 04858155)

Notes to the Cash Flow Statement
for the Year Ended 31 August 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31/8/24 31/8/23
£    £   
Profit before taxation 427,215 1,900,356
Depreciation charges 3,520,947 3,719,138
Profit on disposal of fixed assets (102,598 ) (30,132 )
Finance costs 527,534 540,342
Finance income - (7,137 )
4,373,098 6,122,567
Increase in stocks (1,250 ) (4,500 )
Decrease/(increase) in trade and other debtors 540,306 (1,253,343 )
(Decrease)/increase in trade and other creditors (659,821 ) 1,568,366
Cash generated from operations 4,252,333 6,433,090

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2024
31/8/24 1/9/23
£    £   
Cash and cash equivalents 161,172 371,145
Year ended 31 August 2023
31/8/23 1/9/22
£    £   
Cash and cash equivalents 371,145 471,690


3. ANALYSIS OF CHANGES IN NET DEBT

Other
non-cash
At 1/9/23 Cash flow changes At 31/8/24
£    £    £    £   
Net cash
Cash at bank 371,145 (209,973 ) 161,172
371,145 (209,973 ) 161,172
Debt
Finance leases (7,450,685 ) 4,036,029 (3,104,876 ) (6,519,532 )
(7,450,685 ) 4,036,029 (3,104,876 ) (6,519,532 )
Total (7,079,540 ) 3,826,056 (3,104,876 ) (6,358,360 )

Wordsworth Crushing Limited (Registered number: 04858155)

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


1. STATUTORY INFORMATION

Wordsworth Crushing 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.

Tangible fixed assets, and in particular plant and machinery, are a highly material balance within the financial statements. As a result of this the depreciation charge on the assets has a significant impact upon the reported profitability of the company. The charge is sensitive to changes in the estimated useful economic lives and residual values of the assets. These are reviewed annually to reflect current economic utilisation, physical condition and planned de-commissions. The carrying value of items subject to estimation uncertainty is £14,336,380 (2023 - £14,688,733).

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

Revenue in connection with the processing of aggregate materials is recognised in the period in which it is processed.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.

All of the company's financial instruments are basic financial instruments recognised at transaction price or amortised cost.


Wordsworth Crushing Limited (Registered number: 04858155)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Leases are classified as finance leases or hire purchase arrangements whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases or hire purchase arrangements are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. The corresponding lease liability is recognised within the balance sheet, apportioned between current and non-current liabilities as appropriate.

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.

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:

31/8/24 31/8/23
£    £   
Rendering of services 16,901,805 17,997,610
16,901,805 17,997,610

Wordsworth Crushing Limited (Registered number: 04858155)

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


3. TURNOVER - continued

An analysis of turnover by geographical market is given below:

31/8/24 31/8/23
£    £   
United Kingdom 16,901,805 17,997,610
16,901,805 17,997,610

4. EMPLOYEES AND DIRECTORS
31/8/24 31/8/23
£    £   
Wages and salaries 3,701,734 3,688,501
Social security costs 433,656 428,684
Other pension costs 98,077 190,341
4,233,467 4,307,526

The average number of employees during the year was as follows:
31/8/24 31/8/23

Operators and fitters 61 55
Administration and support 4 8
Directors 3 4
68 67

31/8/24 31/8/23
£    £   
Directors' remuneration 307,930 309,920
Directors' pension contributions to money purchase schemes 25,000 74,918

Information regarding the highest paid director is as follows:
31/8/24 31/8/23
£    £   
Emoluments etc 104,410 103,740
Pension contributions to money purchase schemes - 37,459

5. OPERATING PROFIT

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

31/8/24 31/8/23
£    £   
Hire of plant and machinery 2,920,355 2,439,160
Depreciation - owned assets 3,520,947 3,719,138
Profit on disposal of fixed assets (102,598 ) (30,132 )
Auditors' remuneration 20,150 20,110

Wordsworth Crushing Limited (Registered number: 04858155)

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


6. INTEREST PAYABLE AND SIMILAR EXPENSES
31/8/24 31/8/23
£    £   
Bank interest 124,281 101,420
Other interest payable 5,521 -
Hire purchase 397,732 438,922
527,534 540,342

7. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
31/8/24 31/8/23
£    £   
Current tax:
UK corporation tax - (826,969 )

Deferred tax 29,836 807,312
Tax on profit 29,836 (19,657 )

Reconciliation of total tax charge/(credit) 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:

31/8/24 31/8/23
£    £   
Profit before tax 427,215 1,900,356
Profit multiplied by the standard rate of corporation tax in the UK of
19% (2023 - 19%)

81,171

361,068

Effects of:
Expenses not deductible for tax purposes 148,454 157,144
Capital allowances in excess of depreciation - (80,713 )
Adjustments to tax charge in respect of previous periods (192,883 ) (594,917 )
Changes in tax rate (4,278 ) 137,761
RDEC Adjustment (2,628 ) -
Total tax charge/(credit) 29,836 (19,657 )

Tax effects relating to effects of other comprehensive income

31/8/24
Gross Tax Net
£    £    £   
Deferred tax on revalued PPE 1,008 - 1,008

31/8/23
Gross Tax Net
£    £    £   
Deferred tax on revalued PPE 1,260 - 1,260

Wordsworth Crushing Limited (Registered number: 04858155)

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


8. DIVIDENDS
31/8/24 31/8/23
£    £   
Ordinary shares of £1 each
Interim - 486,000

9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 25,888,931 50,425 1,200,827 27,140,183
Additions 2,988,138 - 265,106 3,253,244
Disposals (524,100 ) - - (524,100 )
At 31 August 2024 28,352,969 50,425 1,465,933 29,869,327
DEPRECIATION
At 1 September 2023 11,200,198 32,178 453,868 11,686,244
Charge for year 3,199,089 6,192 315,666 3,520,947
Eliminated on disposal (382,698 ) - - (382,698 )
At 31 August 2024 14,016,589 38,370 769,534 14,824,493
NET BOOK VALUE
At 31 August 2024 14,336,380 12,055 696,399 15,044,834
At 31 August 2023 14,688,733 18,247 746,959 15,453,939

The value of assets held under hire purchase or finance lease arrangements is £12,647,597 (2023 - £12,433,152). These assets are pledged as security for the associated hire purchase or lease arrangements.

10. STOCKS
31/8/24 31/8/23
£    £   
Stocks 15,750 14,500

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 4,716,654 5,454,473
Other debtors 750,000 484,420
Directors' current accounts - 250,000
Prepayments 259,911 327,978
5,726,565 6,516,871

Wordsworth Crushing Limited (Registered number: 04858155)

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


12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Hire purchase contracts (see note 14) 4,055,592 4,518,304
Trade creditors 1,421,941 1,589,464
Tax - 84,375
Social security and other taxes 104,003 79,510
VAT 544,546 588,162
Other creditors - 160,000
Invoice financing 1,749,509 2,058,490
Directors' current accounts - 160,000
Accrued expenses 245,671 249,865
8,121,262 9,488,170

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£    £   
Hire purchase contracts (see note 14) 2,463,940 2,932,381

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/8/24 31/8/23
£    £   
Net obligations repayable:
Within one year 4,055,592 4,518,304
Between one and five years 2,463,940 2,932,381
6,519,532 7,450,685

15. SECURED DEBTS

The following secured debts are included within creditors:

31/8/24 31/8/23
£    £   
Hire purchase contracts 6,519,532 7,450,685
Invoice financing 1,749,509 2,058,490
8,269,041 9,509,175

Bank loans and overdrafts are secured through fixed and floating charges over the company's assets.

The invoice financing liability is secured through a charge over the debtor book together with fixed and floating charges over the company's assets.

16. PROVISIONS FOR LIABILITIES
31/8/24 31/8/23
£    £   
Deferred tax 2,382,210 2,353,382

Wordsworth Crushing Limited (Registered number: 04858155)

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


16. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 2,353,382
Provided during year 28,828
Balance at 31 August 2024 2,382,210

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
90 Ordinary £1 90 90

Ordinary share capital is subdivided into four separate classifications as follows: Ordinary A: 30, Ordinary B: 30, Ordinary C: 30. Each class of share carries equal rights, including but not limited to, the right to a dividend and voting rights.

18. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 September 2023 7,567,300 15,122 10 7,582,432
Profit for the year 397,379 397,379
Revaluation reserve deferred
tax 1,008 - - 1,008
Transfer realised profit on
revalued PPE depreciation 3,023 (3,023 ) - -
At 31 August 2024 7,968,710 12,099 10 7,980,819

Retained earnings represent the total accumulated profits and losses of the entity since formation, net of dividends and transfers.

Revaluation reserve is the surplus of the carrying value of tangible fixed assets subject to a policy of revaluation over the value of the same assets had they been under a cost model, net of the effect of taxation.

Capital redemption reserve represents the nominal value of share capital bought back by the company.

Wordsworth Crushing Limited (Registered number: 04858155)

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


19. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31/8/24 31/8/23
£    £   
Mr Stephen Ian Wordsworth
Balance outstanding at start of year 250,000 -
Amounts advanced 100,000 361,000
Amounts repaid (350,000 ) (111,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 250,000

Mr Gregory Brook Wordsworth
Balance outstanding at start of year - 40,000
Amounts repaid - (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest is charged on the above balances, nor is any security offered. The balances are repayable on demand either to the company or the director.

20. RELATED PARTY DISCLOSURES

Other related parties
31/8/24 31/8/23
£    £   
Sales 190,705 -
Purchases 395,421 -
Amount due from related party 754,642 400,000
Amount due to related party 5,633 -

Included in the above are transactions and balances with two entities outlined below.

Wordsworth Property Developments Limited

The company is owned and controlled by the same shareholders as Wordsworth Crushing Limited.

During the period, loans have been advanced to the company. No interest is charged on the loan account balance and they are considered to be repayable on demand.

Wordsworth Excavations Limited

The company is owned and controlled by Thomas Wordsworth.

Transactions and balances have arisen in the ordinary course of the company's business.