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REGISTERED NUMBER: 08821662 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Newlay Readymix Limited

Newlay Readymix Limited (Registered number: 08821662)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newlay Readymix Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mrs C R Finney





REGISTERED OFFICE: Thornhill Works
Calder Road
Dewsbury
West Yorkshire
WF12 9HY





REGISTERED NUMBER: 08821662 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Newlay Readymix Limited (Registered number: 08821662)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 25,340 19,652
Tangible assets 5 2,911,639 2,398,567
2,936,979 2,418,219

CURRENT ASSETS
Stocks 6 60,000 153,575
Debtors 7 1,474,730 966,669
Cash at bank and in hand 167,312 15
1,702,042 1,120,259
CREDITORS
Amounts falling due within one year 8 1,624,017 1,125,350
NET CURRENT ASSETS/(LIABILITIES) 78,025 (5,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,015,004

2,413,128

CREDITORS
Amounts falling due after more than one
year

9

(1,800,513

)

(1,448,372

)

PROVISIONS FOR LIABILITIES (294,343 ) (220,416 )
NET ASSETS 920,148 744,340

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 162,000 162,000
Retained earnings 758,147 582,339
SHAREHOLDERS' FUNDS 920,148 744,340

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Newlay Readymix Limited (Registered number: 08821662)

Balance Sheet - continued
30 November 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 director and authorised for issue on 26 March 2025 and were signed by:





Mrs C R Finney - Director


Newlay Readymix Limited (Registered number: 08821662)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Newlay Readymix 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.

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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 5% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 12.5% on cost

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.

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.

Newlay Readymix Limited (Registered number: 08821662)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

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 14 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£ £ £
COST
At 1 December 2023 42,069 495 42,564
Additions 10,849 - 10,849
At 30 November 2024 52,918 495 53,413
AMORTISATION
At 1 December 2023 22,862 50 22,912
Amortisation for year 5,111 50 5,161
At 30 November 2024 27,973 100 28,073
NET BOOK VALUE
At 30 November 2024 24,945 395 25,340
At 30 November 2023 19,207 445 19,652

Newlay Readymix Limited (Registered number: 08821662)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 December 2023 271,390 714,578 50,806 2,122,750 3,159,524
Additions 135,224 592,818 40,951 701,940 1,470,933
Disposals - (461,026 ) - (755,269 ) (1,216,295 )
At 30 November 2024 406,614 846,370 91,757 2,069,421 3,414,162
DEPRECIATION
At 1 December 2023 10,482 198,461 41,502 510,512 760,957
Charge for year 14,628 20,839 3,200 211,697 250,364
Eliminated on disposal - (155,166 ) - (353,632 ) (508,798 )
At 30 November 2024 25,110 64,134 44,702 368,577 502,523
NET BOOK VALUE
At 30 November 2024 381,504 782,236 47,055 1,700,844 2,911,639
At 30 November 2023 260,908 516,117 9,304 1,612,238 2,398,567

Included within the above are assets held on hire purchase. The NBV of these assets are £1,565,459 (2023 - £1,613,806). Depreciation £200,252 (2023 - £166,085).

6. STOCKS
30.11.24 30.11.23
£ £
Stocks 60,000 153,575

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Trade debtors 902,361 566,578
Amounts owed by associates 478,814 268,046
Other debtors 93,555 132,045
1,474,730 966,669

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Bank loans and overdrafts (see note 10) 50,000 178,166
Hire purchase contracts (see note 11) 424,228 522,760
Trade creditors 870,820 410,492
Taxation and social security 274,282 11,238
Other creditors 4,687 2,694
1,624,017 1,125,350

Newlay Readymix Limited (Registered number: 08821662)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£ £
Bank loans (see note 10) 808,719 668,437
Hire purchase contracts (see note 11) 951,303 689,255
Trade creditors - 42,142
Amounts owed to associates 40,491 48,538
1,800,513 1,448,372

10. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£ £
Amounts falling due within one year or on demand:
Bank overdrafts - 128,166
Bank loans 50,000 50,000
50,000 178,166

Amounts falling due between one and two years:
Bank loans - 1-2 years 50,000 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 758,719 618,437

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.24 30.11.23
£ £
Net obligations repayable:
Within one year 424,228 522,760
Between one and five years 951,303 689,255
1,375,531 1,212,015

Non-cancellable
operating leases
30.11.24 30.11.23
£ £
Within one year 24,000 24,944
Between one and five years 96,000 96,000
In more than five years 168,000 192,000
288,000 312,944

Newlay Readymix Limited (Registered number: 08821662)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

12. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£ £
Bank overdraft - 128,166
Bank loans 858,719 718,437
858,719 846,603

Allica Financial Services Limited hold a fixed and floating charge over the company. The floating charge covers all the property or undertaking of the company.

13. RELATED PARTY DISCLOSURES

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.

Newlay Concrete Limited
A company controlled by Mr D Beaumont, the father of Mrs C Finney.

At the balance sheet date the company was owed £333,494 (2023 - £3,494) from Newlay Concrete Limited.

Humberside Blocks (2012) Limited
A company controlled by Mr D Beaumont, the father of Mrs C Finney.

At the balance sheet date the company was owed £145,320 (2023 - £145,320) from Humberside Blocks (2012) Limited.

Dewsbury Sand & Gravel Limited
A company controlled by Mr D Beaumont, the father of Mrs C Finney.

At the balance sheet date the company owed £nil (2023 - £48,538) to Dewsbury Sand & Gravel Limited.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Newlay Readymix Group Limited.

The ultimate controlling party is Mrs C R Finney.

15. EXCEPTIONAL ITEMS

Within other income, there is a figure of £760,705 that is a one-off receipt, received based on an agreement to relocate their premises used for production as this was required by an executive non-departmental public body. This figure was agreed in order to allow the company to construct a new site, as well as compensation for loss of earnings when the original site could not be used.