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Registration number: 08660958

EB Aggregates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

EB Aggregates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

EB Aggregates Limited

Company Information

Directors

Mr S L Evans

Mr S M Evans

Registered office

Old Gas Works
Llandeilo Road Ind Estate
Llandybie
Ammanford
SA18 3JG

 

EB Aggregates Limited

(Registration number: 08660958)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

123,776

112,429

Current assets

 

Stocks

6

20,822

25,000

Debtors

7

14,115

17,298

Cash at bank and in hand

 

4,587

5,768

 

39,524

48,066

Creditors: Amounts falling due within one year

8

(84,963)

(76,006)

Net current liabilities

 

(45,439)

(27,940)

Total assets less current liabilities

 

78,337

84,489

Creditors: Amounts falling due after more than one year

8

(77,022)

(81,813)

Net assets

 

1,315

2,676

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

1,215

2,576

Total equity

 

1,315

2,676

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

EB Aggregates Limited

(Registration number: 08660958)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Mr S L Evans
Director

.........................................
Mr S M Evans
Director

 
     
 

EB Aggregates Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Old Gas Works
Llandeilo Road Ind Estate
Llandybie
Ammanford
SA18 3JG

These financial statements were authorised for issue by the Board on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

EB Aggregates Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

EB Aggregates Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

23,652

28,108

 

EB Aggregates Limited

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

5

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

169,208

169,208

Additions

35,000

35,000

At 30 June 2024

204,208

204,208

Depreciation

At 1 July 2023

56,779

56,779

Charge for the year

23,653

23,653

At 30 June 2024

80,432

80,432

Carrying amount

At 30 June 2024

123,776

123,776

At 30 June 2023

112,429

112,429

6

Stocks

2024
£

2023
£

Raw materials and consumables

10,502

15,000

Other inventories

10,320

10,000

20,822

25,000

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

5,595

7,878

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8,520

9,019

Other debtors

 

-

401

 

14,115

17,298

 

EB Aggregates Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

10

35,150

36,728

Trade creditors

 

10,806

14,385

Taxation and social security

 

29,228

17,762

Other related parties

 

3,635

2,946

Corporation tax liability

 

4,489

2,610

Other creditors

 

1,655

1,575

 

84,963

76,006

Due after one year

 

Loans and borrowings

10

77,022

81,813

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

4,584

9,640

HP and finance lease liabilities

72,438

72,173

77,022

81,813

2024
£

2023
£

Current loans and borrowings

Bank borrowings

5,000

5,000

HP and finance lease liabilities

30,150

31,728

35,150

36,728