Silverfin false false 30/06/2024 01/07/2023 30/06/2024 V E Davies 30/08/2022 N J Katz 23/06/2017 21 March 2025 The principal activity of the Company during the financial year continued to be that of holding an interest in a limited liability partnership whose activity continued to be mineral extraction and commercial exploitation of aggregates, subsequent backfilling and reinstatement of land. The company’s capital contribution to this limited liability partnership was a 30 year lease of the company’s freehold land and a result of this the company was entitled to receive rental income during the year. 08116017 2024-06-30 08116017 bus:Director1 2024-06-30 08116017 bus:Director2 2024-06-30 08116017 2023-06-30 08116017 core:CurrentFinancialInstruments 2024-06-30 08116017 core:CurrentFinancialInstruments 2023-06-30 08116017 core:Non-currentFinancialInstruments 2024-06-30 08116017 core:Non-currentFinancialInstruments 2023-06-30 08116017 core:ShareCapital 2024-06-30 08116017 core:ShareCapital 2023-06-30 08116017 core:RetainedEarningsAccumulatedLosses 2024-06-30 08116017 core:RetainedEarningsAccumulatedLosses 2023-06-30 08116017 core:PlantMachinery 2023-06-30 08116017 core:Vehicles 2023-06-30 08116017 core:FurnitureFittings 2023-06-30 08116017 core:OfficeEquipment 2023-06-30 08116017 core:PlantMachinery 2024-06-30 08116017 core:Vehicles 2024-06-30 08116017 core:FurnitureFittings 2024-06-30 08116017 core:OfficeEquipment 2024-06-30 08116017 bus:OrdinaryShareClass1 2024-06-30 08116017 bus:OrdinaryShareClass2 2024-06-30 08116017 2023-07-01 2024-06-30 08116017 bus:FilletedAccounts 2023-07-01 2024-06-30 08116017 bus:SmallEntities 2023-07-01 2024-06-30 08116017 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08116017 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08116017 bus:Director1 2023-07-01 2024-06-30 08116017 bus:Director2 2023-07-01 2024-06-30 08116017 core:PlantMachinery 2023-07-01 2024-06-30 08116017 core:Vehicles 2023-07-01 2024-06-30 08116017 core:FurnitureFittings 2023-07-01 2024-06-30 08116017 core:OfficeEquipment 2023-07-01 2024-06-30 08116017 2022-07-01 2023-06-30 08116017 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 08116017 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 08116017 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 08116017 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 08116017 bus:OrdinaryShareClass2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08116017 (England and Wales)

LAND LOGICAL AGGREGATES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

LAND LOGICAL AGGREGATES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

LAND LOGICAL AGGREGATES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
LAND LOGICAL AGGREGATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,349,949 1,660,687
2,349,949 1,660,687
Current assets
Stocks 400,000 400,000
Debtors 4 3,168,848 2,786,651
Cash at bank and in hand 96,074 558,356
3,664,922 3,745,007
Creditors: amounts falling due within one year 5 ( 865,559) ( 1,038,427)
Net current assets 2,799,363 2,706,580
Total assets less current liabilities 5,149,312 4,367,267
Creditors: amounts falling due after more than one year 6 ( 284,885) ( 393,467)
Net assets 4,864,427 3,973,800
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 4,864,327 3,973,700
Total shareholders' funds 4,864,427 3,973,800

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Land Logical Aggregates Limited (registered number: 08116017) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

V E Davies
Director

21 March 2025

LAND LOGICAL AGGREGATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
LAND LOGICAL AGGREGATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Land Logical Aggregates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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:


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.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 18 17

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 July 2023 1,885,714 119,949 2,007 4,764 2,012,434
Additions 905,000 146,500 282 0 1,051,782
At 30 June 2024 2,790,714 266,449 2,289 4,764 3,064,216
Accumulated depreciation
At 01 July 2023 336,551 14,114 249 833 351,747
Charge for the financial year 332,312 29,313 305 590 362,520
At 30 June 2024 668,863 43,427 554 1,423 714,267
Net book value
At 30 June 2024 2,121,851 223,022 1,735 3,341 2,349,949
At 30 June 2023 1,549,163 105,835 1,758 3,931 1,660,687

4. Debtors

2024 2023
£ £
Trade debtors 900,545 751,504
Other debtors 2,268,303 2,035,147
3,168,848 2,786,651

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 279,398 347,593
Taxation and social security 394,784 369,260
Obligations under finance leases and hire purchase contracts 165,245 300,432
Other creditors 16,132 11,142
865,559 1,038,427

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,000 20,000
Obligations under finance leases and hire purchase contracts 274,885 373,467
284,885 393,467

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
40 Ordinary A shares of £ 1.00 each 40 40
60 Ordinary B shares of £ 1.00 each 60 60
100 100