REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
for |
BRAUNCEWELL QUARRIES LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
for |
BRAUNCEWELL QUARRIES LIMITED |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Contents of the Financial Statements |
for the year ended 31 December 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
BRAUNCEWELL QUARRIES LIMITED |
Company Information |
for the year ended 31 December 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
23 Algitha Road |
Skegness |
United Kingdom |
PE25 2AG |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Statement of Financial Position |
31 December 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings | 10 |
Shareholders' funds |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Statement of Financial Position - continued |
31 December 2024 |
The directors acknowledge their 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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Notes to the Financial Statements |
for the year ended 31 December 2024 |
1. | Statutory information |
Brauncewell Quarries Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Buildings | - |
Plant and machinery | - |
Motor vehicles | - |
Office equipment | - |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Deferred tax has been recognised on the potential sale of listed investments at their given market value at the balance sheet date. The company did not have a contract to dispose of these by the year end. |
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 the profit and loss account in the period to which they relate. |
In addition the company has introduced a compliant autoenrolment scheme open to all eligible employees. |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
2. | Accounting policies - continued |
Fixed asset investments |
The listed investments are measured at fair value. The fair value is the current market value. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Mining |
rights |
£ |
Cost |
At 1 January 2024 |
and 31 December 2024 |
Amortisation |
At 1 January 2024 |
and 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
5. | Tangible fixed assets |
Freehold | Plant and |
property | Buildings | machinery |
£ | £ | £ |
Cost |
At 1 January 2024 |
Additions |
Disposals |
At 31 December 2024 |
Depreciation |
At 1 January 2024 |
Charge for year |
Eliminated on disposal |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
5. | Tangible fixed assets - continued |
Motor | Office |
vehicles | equipment | Totals |
£ | £ | £ |
Cost |
At 1 January 2024 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 December 2024 |
Depreciation |
At 1 January 2024 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
6. | Fixed asset investments |
Listed |
investments |
£ |
Cost or valuation |
At 1 January 2024 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
The listed investments are valued at fair value. The fair value is the market value at the year end date. |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Bad debt provision | (1,822 | ) | - |
Loans to employee's |
Other debtors |
Prepayments |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Aggregate tax |
Social security and other taxes |
VAT liability |
Other creditors |
Directors' current accounts |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 110 | 110 |
A Ordinary | £1 | 110 | 110 |
B Ordinary | £1 | 110 | 110 |
330 | 330 |
10. | Reserves |
Retained | Fair value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2024 | 5,024,585 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 December 2024 | 4,999,825 |
Retained Earnings includes a Fair Value Reserve on the market value of fixed asset investments amounting to £184,993. (2023 £144,393). |
11. | Related party disclosures |
Mr J N Dickinson and Mrs S Dickinson |
Directors |
2024 | 2023 |
£ | £ |
Amount due to related party at the balance sheet date | 1,476 | 1,476 |
Mr J N Dickinson |
Director |
During the year the company paid a dividend of £Nil (2023 £Nil) to the director |
BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
11. | Related party disclosures - continued |
Mrs S Dickinson |
Director |
During the year the company paid a dividend of £Nil (2023 Nil) to the director |
Mr T J Dickinson |
Director |
During the year the company paid a dividend on the A shares of £40,000 (2023 £40,000) to the director |
Mr S E Dickinson |
Loan to the director |
2024 | 2023 |
Balance at the start of the year | 120,800 | 130,400 |
Amounts repaid | (9,600 | ) | (9,600 | ) |
Balance at the end of the year | 111,200 | 120,800 |
Mr S.E.Dickinson repaid the loan in full on the 19 March 2025. |
During the year the company paid a dividend on the B shares of £40,000 (2023 £40,000) to the director |
2024 | 2023 |
£ | £ |
Amount due from related party at the balance sheet date | 111,200 | 120,800 |