Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3119192023-06-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC207937 2023-06-01 2024-05-31 SC207937 2022-06-01 2023-05-31 SC207937 2024-05-31 SC207937 2023-05-31 SC207937 c:CompanySecretary1 2023-06-01 2024-05-31 SC207937 c:Director1 2023-06-01 2024-05-31 SC207937 c:Director2 2023-06-01 2024-05-31 SC207937 c:RegisteredOffice 2023-06-01 2024-05-31 SC207937 d:Buildings 2023-06-01 2024-05-31 SC207937 d:Buildings 2024-05-31 SC207937 d:Buildings 2023-05-31 SC207937 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC207937 d:PlantMachinery 2023-06-01 2024-05-31 SC207937 d:PlantMachinery 2024-05-31 SC207937 d:PlantMachinery 2023-05-31 SC207937 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC207937 d:MotorVehicles 2023-06-01 2024-05-31 SC207937 d:MotorVehicles 2024-05-31 SC207937 d:MotorVehicles 2023-05-31 SC207937 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC207937 d:OfficeEquipment 2023-06-01 2024-05-31 SC207937 d:OfficeEquipment 2024-05-31 SC207937 d:OfficeEquipment 2023-05-31 SC207937 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC207937 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC207937 d:ComputerSoftware 2024-05-31 SC207937 d:ComputerSoftware 2023-05-31 SC207937 d:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 SC207937 d:CurrentFinancialInstruments 2024-05-31 SC207937 d:CurrentFinancialInstruments 2023-05-31 SC207937 d:Non-currentFinancialInstruments 2024-05-31 SC207937 d:Non-currentFinancialInstruments 2023-05-31 SC207937 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC207937 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC207937 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 SC207937 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 SC207937 d:ShareCapital 2024-05-31 SC207937 d:ShareCapital 2023-05-31 SC207937 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC207937 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC207937 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC207937 c:OrdinaryShareClass1 2024-05-31 SC207937 c:OrdinaryShareClass1 2023-05-31 SC207937 c:FRS102 2023-06-01 2024-05-31 SC207937 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC207937 c:FullAccounts 2023-06-01 2024-05-31 SC207937 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC207937 d:ComputerSoftware d:OwnedIntangibleAssets 2023-06-01 2024-05-31 SC207937 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC207937










BRIDGEND AGGREGATES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
BRIDGEND AGGREGATES LIMITED
 

COMPANY INFORMATION


DIRECTORS
G W Strachan 
S Green 




COMPANY SECRETARY
George Wilson Strachan



REGISTERED NUMBER
SC207937



REGISTERED OFFICE
Mill of Balmaud
King Edward

Banff

Banffshire

AB45 3PN




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BRIDGEND AGGREGATES LIMITED
REGISTERED NUMBER: SC207937

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
48,292
52,621

Tangible fixed assets
  
2,527,934
2,544,235

  
2,576,226
2,596,856

CURRENT ASSETS
  

Stocks
  
92,000
56,000

Debtors: amounts falling due within one year
 6 
857,912
912,571

Cash at bank and in hand
  
1,626
6,859

  
951,538
975,430

Creditors: amounts falling due within one year
 7 
(1,842,705)
(1,780,097)

NET CURRENT LIABILITIES
  
 
 
(891,167)
 
 
(804,667)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,685,059
1,792,189

Creditors: amounts falling due after more than one year
 8 
(182,026)
(435,098)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(406,636)
(406,636)

  
 
 
(406,636)
 
 
(406,636)

NET ASSETS
  
1,096,397
950,455


CAPITAL AND RESERVES
  

Called up share capital 
  
120,000
120,000

Profit and loss account
  
976,397
830,455

  
1,096,397
950,455


Page 1

 
BRIDGEND AGGREGATES LIMITED
REGISTERED NUMBER: SC207937

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 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 year 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 28 February 2025.




G W Strachan
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRIDGEND AGGREGATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Bridgend Aggregates Limited is a private company, limited by shares, incorporated in Scotland with
registration number SC207937. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ.
The Company's functional and presentational currency is GBP.

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

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.

Rendering of services

Revenue 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.

 
2.3

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BRIDGEND AGGREGATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

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.

 
2.5

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting 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 reporting 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Quarry licence
-
4%
straight line

Page 4

 
BRIDGEND AGGREGATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

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, using the straight-line method.

Depreciation is provided on the following basis:

Land and buildings
-
10%
straight line
Plant and machinery
-
5%
straight line
Motor vehicles
-
10%
reducing balance
Office equipment
-
25%
straight line

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.

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

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.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Page 5

 
BRIDGEND AGGREGATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 19 (2023 -19).


4.


INTANGIBLE ASSETS




Quarry Licence

£



COST


At 1 June 2023
116,857



At 31 May 2024

116,857



AMORTISATION


At 1 June 2023
64,236


Charge for the year on owned assets
4,329



At 31 May 2024

68,565



NET BOOK VALUE



At 31 May 2024
48,292



At 31 May 2023
52,621



Page 6

 
BRIDGEND AGGREGATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


TANGIBLE FIXED ASSETS





Land and buildings
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 June 2023
359,448
3,230,131
794,311
28,604
4,412,494


Additions
-
108,390
163,039
-
271,429


Disposals
-
-
(70,000)
-
(70,000)



At 31 May 2024

359,448
3,338,521
887,350
28,604
4,613,923



DEPRECIATION


At 1 June 2023
238,747
1,379,793
225,408
24,311
1,868,259


Charge for the year on owned assets
23,826
153,650
51,363
2,369
231,208


Disposals
-
-
(13,478)
-
(13,478)



At 31 May 2024

262,573
1,533,443
263,293
26,680
2,085,989



NET BOOK VALUE



At 31 May 2024
96,875
1,805,078
624,057
1,924
2,527,934



At 31 May 2023
120,701
1,850,338
568,903
4,293
2,544,235


6.


DEBTORS

2024
2023
£
£


Trade debtors
447,709
569,155

Other debtors
406,098
290,784

Prepayments and accrued income
4,105
52,632

857,912
912,571


Page 7

 
BRIDGEND AGGREGATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
489,794
311,949

Bank loans
9,914
9,870

Trade creditors
223,936
329,568

Other taxation and social security
103,036
131,756

Obligations under finance lease and hire purchase contracts
227,420
284,166

Other creditors
788,605
712,788

1,842,705
1,780,097


The bank overdraft of £489,794 (2023 - £311,949) is secured by a floating charge over the assets of the company.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
10,843
20,877

Net obligations under finance leases and hire purchase contracts
171,183
414,221

182,026
435,098





9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



120,000 (2023 -120,000) Ordinary shares of £1.00 each
120,000
120,000



Page 8