IRIS Accounts Production v24.3.2.46 SC677653 Board of Directors 1.4.23 31.3.24 31.3.24 18.3.25 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6776532023-03-31SC6776532024-03-31SC6776532023-04-012024-03-31SC6776532022-03-31SC6776532022-04-012023-03-31SC6776532023-03-31SC677653ns15:Scotland2023-04-012024-03-31SC677653ns14:PoundSterling2023-04-012024-03-31SC677653ns10:Director12023-04-012024-03-31SC677653ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC677653ns10:SmallEntities2023-04-012024-03-31SC677653ns10:Audited2023-04-012024-03-31SC677653ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC677653ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC677653ns10:FullAccounts2023-04-012024-03-31SC67765312023-04-012024-03-31SC677653ns10:Director22023-04-012024-03-31SC677653ns10:Director32023-04-012024-03-31SC677653ns10:Director42023-04-012024-03-31SC677653ns10:CompanySecretary12023-04-012024-03-31SC677653ns10:RegisteredOffice2023-04-012024-03-31SC677653ns5:CurrentFinancialInstruments2024-03-31SC677653ns5:CurrentFinancialInstruments2023-03-31SC677653ns5:Non-currentFinancialInstruments2024-03-31SC677653ns5:Non-currentFinancialInstruments2023-03-31SC677653ns5:ShareCapital2024-03-31SC677653ns5:ShareCapital2023-03-31SC677653ns5:RetainedEarningsAccumulatedLosses2024-03-31SC677653ns5:RetainedEarningsAccumulatedLosses2023-03-31SC677653ns5:NetGoodwill2023-04-012024-03-31SC677653ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC677653ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-04-012024-03-31SC677653ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-31SC677653ns5:LeaseholdImprovements2023-04-012024-03-31SC677653ns5:PlantMachinery2023-04-012024-03-31SC677653ns5:FurnitureFittings2023-04-012024-03-31SC677653ns5:MotorVehicles2023-04-012024-03-31SC677653ns5:ComputerEquipment2023-04-012024-03-31SC677653ns5:NetGoodwill2023-03-31SC677653ns5:NetGoodwill2024-03-31SC677653ns5:NetGoodwill2023-03-31SC677653ns5:LandBuildings2023-03-31SC677653ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31SC677653ns5:LeaseholdImprovements2023-03-31SC677653ns5:PlantMachinery2023-03-31SC677653ns5:LandBuildings2023-04-012024-03-31SC677653ns5:LandBuildings2024-03-31SC677653ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-31SC677653ns5:LeaseholdImprovements2024-03-31SC677653ns5:PlantMachinery2024-03-31SC677653ns5:LandBuildings2023-03-31SC677653ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-31SC677653ns5:LeaseholdImprovements2023-03-31SC677653ns5:PlantMachinery2023-03-31SC677653ns5:FurnitureFittings2023-03-31SC677653ns5:MotorVehicles2023-03-31SC677653ns5:ComputerEquipment2023-03-31SC677653ns5:FurnitureFittings2024-03-31SC677653ns5:MotorVehicles2024-03-31SC677653ns5:ComputerEquipment2024-03-31SC677653ns5:FurnitureFittings2023-03-31SC677653ns5:MotorVehicles2023-03-31SC677653ns5:ComputerEquipment2023-03-31SC677653ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC677653ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31SC677653ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-31SC677653ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31SC677653ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC677653ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC677653ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-31SC677653ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-03-31SC677653ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-31SC677653ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-31SC677653ns5:HirePurchaseContracts2024-03-31SC677653ns5:HirePurchaseContracts2023-03-31SC677653ns5:WithinOneYear2024-03-31SC677653ns5:WithinOneYear2023-03-31SC677653ns5:BetweenOneFiveYears2024-03-31SC677653ns5:BetweenOneFiveYears2023-03-31SC677653ns5:AllPeriods2024-03-31SC677653ns5:AllPeriods2023-03-31SC677653ns5:DeferredTaxation2023-03-31SC677653ns5:DeferredTaxation2023-04-012024-03-31SC677653ns5:DeferredTaxation2024-03-31SC6776534ns10:Director42023-03-31SC6776534ns10:Director42022-03-31SC6776534ns10:Director42023-04-012024-03-31SC6776534ns10:Director42022-04-012023-03-31SC6776534ns10:Director42024-03-31SC6776534ns10:Director42023-03-31SC6776531ns10:Director12023-03-31SC6776531ns10:Director12022-03-31SC6776531ns10:Director12023-04-012024-03-31SC6776531ns10:Director12022-04-012023-03-31SC6776531ns10:Director12024-03-31SC6776531ns10:Director12023-03-31SC6776533ns10:Director32023-03-31SC6776533ns10:Director32022-03-31SC6776533ns10:Director32023-04-012024-03-31SC6776533ns10:Director32022-04-012023-03-31SC6776533ns10:Director32024-03-31SC6776533ns10:Director32023-03-31SC677653ns10:Director222023-03-31SC677653ns10:Director222022-03-31SC677653ns10:Director222023-04-012024-03-31SC677653ns10:Director222022-04-012023-03-31SC677653ns10:Director222024-03-31SC677653ns10:Director222023-03-31
REGISTERED NUMBER: SC677653 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JKR QUARRIES AND CONCRETE PRODUCTS
LTD

JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JKR QUARRIES AND CONCRETE PRODUCTS
LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: A M Taylor
J A Taylor
R E Taylor
K J Taylor





SECRETARY: A M Taylor





REGISTERED OFFICE: Backhill of Coldwells
Arthrath
Ellon
Aberdeenshire
AB41 8YX





REGISTERED NUMBER: SC677653 (Scotland)





AUDITORS: NUVO Audit Limited
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX

JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 637,624 728,713
Tangible assets 5 2,995,037 2,511,892
3,632,661 3,240,605

CURRENT ASSETS
Stocks 6 622,596 570,981
Debtors 7 2,265,517 2,257,442
Cash at bank 16,063 377,139
2,904,176 3,205,562
CREDITORS
Amounts falling due within one year 8 1,516,565 5,628,241
NET CURRENT ASSETS/(LIABILITIES) 1,387,611 (2,422,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,020,272

817,926

CREDITORS
Amounts falling due after more than one year 9 (174,910 ) (263,002 )

PROVISIONS FOR LIABILITIES 12 (576,747 ) (412,245 )
NET ASSETS 4,268,615 142,679

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,268,515 142,579
4,268,615 142,679

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 18 March 2025 and were signed on its behalf by:





K J Taylor - Director


JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JKR Quarries and Concrete Products Ltd is a private company, limited by shares , registered in Scotland. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 2021, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 5% on cost
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% reducing balance, 10% on cost and 2.5% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

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

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.


JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

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 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
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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 910,891
AMORTISATION
At 1 April 2023 182,178
Amortisation for year 91,089
At 31 March 2024 273,267
NET BOOK VALUE
At 31 March 2024 637,624
At 31 March 2023 728,713

JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1 April 2023 725,406 9 28,455 2,598,555
Additions - - - 926,009
Disposals - - - (500 )
At 31 March 2024 725,406 9 28,455 3,524,064
DEPRECIATION
At 1 April 2023 72,541 - 5,244 807,439
Charge for year 36,270 1 2,845 388,749
Eliminated on disposal - - - (242 )
At 31 March 2024 108,811 1 8,089 1,195,946
NET BOOK VALUE
At 31 March 2024 616,595 8 20,366 2,328,118
At 31 March 2023 652,865 9 23,211 1,791,116

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,845 58,250 22,751 3,435,271
Additions - 5,950 - 931,959
Disposals - (9,000 ) - (9,500 )
At 31 March 2024 1,845 55,200 22,751 4,357,730
DEPRECIATION
At 1 April 2023 495 25,865 11,795 923,379
Charge for year 369 8,492 7,189 443,915
Eliminated on disposal - (4,359 ) - (4,601 )
At 31 March 2024 864 29,998 18,984 1,362,693
NET BOOK VALUE
At 31 March 2024 981 25,202 3,767 2,995,037
At 31 March 2023 1,350 32,385 10,956 2,511,892

JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 896,983
Additions 311,393
At 31 March 2024 1,208,376
DEPRECIATION
At 1 April 2023 119,165
Charge for year 102,651
At 31 March 2024 221,816
NET BOOK VALUE
At 31 March 2024 986,560
At 31 March 2023 777,818

6. STOCKS
2024 2023
£    £   
Stocks 622,596 570,981

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,353,993 1,437,310
Other debtors 911,524 820,132
2,265,517 2,257,442

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 315,395 267,523
Trade creditors 863,092 1,108,784
Amounts owed to group undertakings 32,873 4,042,459
Taxation and social security 77,498 106,445
Other creditors 227,707 103,030
1,516,565 5,628,241

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 174,910 263,002

JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 315,395 267,523
Between one and five years 174,910 263,002
490,305 530,525

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,018 -
Between one and five years - 10,018
10,018 10,018

11. SECURED DEBTS

A bond and floating charge is held by The Royal Bank of Scotland over all the assets of the company.

An inter-company guarantee is held by the The Royal Bank of Scotland over all companies within the group.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 536,747 392,245
Other provisions 40,000 20,000
576,747 412,245

Deferred
tax
£   
Balance at 1 April 2023 392,245
Provided during year 144,502
Balance at 31 March 2024 536,747

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alison Brown (Senior Statutory Auditor)
for and on behalf of NUVO Audit Limited

14. PENSION COMMITMENTS

The company's defined contribution pension cost for the year was £54,904 (2023: £72,473). Outstanding contributions as at the year end totalled £7,252 (2023: £9,953) in relation to employers and employees contributions.

15. CONTINGENT LIABILITIES

Included in the financial statements to 31 March 2024 is a provision for contingent liability of £40,000 (2023: £20,000) which is for the reinstatement of land at the end of its useful life of 9 years.

JKR QUARRIES AND CONCRETE PRODUCTS
LTD (REGISTERED NUMBER: SC677653)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

16. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 432,450

17. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
R E Taylor
Balance outstanding at start of year 25 25
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 25

K J Taylor
Balance outstanding at start of year 25 25
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 25

J A Taylor
Balance outstanding at start of year 25 25
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25 25

A M Taylor
Balance outstanding at start of year 25 (4,267 )
Amounts advanced - 4,292
Amounts repaid (410 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (385 ) 25

These loans are interest free and have no fixed repayment terms.

18. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Audrey Taylor, James Taylor, Kevin Taylor and Ryan Taylor by virtue of their shareholding in the parent company, JKR Group (Holdings) Limited.

ULTIMATE PARENT COMPANY

The company is controlled by the parent company, JKR Group (Holdings) Limited, a company registered in Scotland. The accounts of JKR Group (Holdings) Limited, which reflect the consolidation of the company, are available from its registered office at Backhill of Coldwells, Arthrath, Ellon, Aberdeenshire, United Kingdom, AB41 8YX.

19. EXCEPTIONAL ITEMS

During the year to 31 March 2024, a loan balance of £4,049,855 (2023: £nil) was written off as part of a group restructure.