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REGISTERED NUMBER: 11207771 (England and Wales)








Financial Statements

For The Year Ended 30 September 2024

for

Callycombe Aggregates Limited

Callycombe Aggregates Limited (Registered number: 11207771)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Callycombe Aggregates Limited (Registered number: 11207771)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,594,947 2,757,633
2,594,947 2,757,633

CURRENT ASSETS
Stocks 90,863 68,519
Debtors 6 130,221 177,200
Cash at bank and in hand 92,482 18,927
313,566 264,646
CREDITORS
Amounts falling due within one year 7 2,260,858 2,166,862
NET CURRENT LIABILITIES (1,947,292 ) (1,902,216 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,655

855,417

CREDITORS
Amounts falling due after more than one
year

8

(786,212

)

(1,039,837

)

PROVISIONS FOR LIABILITIES (82,067 ) (98,392 )
NET LIABILITIES (220,624 ) (282,812 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (220,724 ) (282,912 )
(220,624 ) (282,812 )

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 15 May 2025 and were signed on its behalf by:





Mrs C M Hodge - Director


Callycombe Aggregates Limited (Registered number: 11207771)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Callycombe Aggregates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11207771

Registered office: c/o Burcombe Haulage Limited
St Dominick
Saltash
Cornwall
PL12 6SH

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.

The financial statements show the company to be in a net liabilities position. The directors believe that it is appropriate to prepare the accounts on a going concern basis given forecast improved performance and the continued financial support of the group.

The directors therefore believe that there is not a material uncertainty over the company's ability to continue as a going concern.

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 2018, is being amortised evenly over its estimated useful life of one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 28 years straight line
Improvements to property - 5% reducing balance
Plant & machinery etc- 20% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line

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.


Callycombe Aggregates Limited (Registered number: 11207771)

Notes to the Financial Statements - continued
For The Year Ended 30 September 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 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1
AMORTISATION
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Callycombe Aggregates Limited (Registered number: 11207771)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 2,265,000 939,296 3,204,296
Additions - 9,573 9,573
Disposals - (41,580 ) (41,580 )
At 30 September 2024 2,265,000 907,289 3,172,289
DEPRECIATION
At 1 October 2023 31,964 414,699 446,663
Charge for year 63,929 95,613 159,542
Eliminated on disposal - (28,863 ) (28,863 )
At 30 September 2024 95,893 481,449 577,342
NET BOOK VALUE
At 30 September 2024 2,169,107 425,840 2,594,947
At 30 September 2023 2,233,036 524,597 2,757,633

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 225,000
DEPRECIATION
At 1 October 2023 63,000
Charge for year 32,400
At 30 September 2024 95,400
NET BOOK VALUE
At 30 September 2024 129,600
At 30 September 2023 162,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 103,649 133,082
Other debtors 26,572 44,118
130,221 177,200

Callycombe Aggregates Limited (Registered number: 11207771)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 216,251 206,877
Hire purchase contracts (see note 9) 28,000 28,000
Trade creditors 47,349 69,474
Amounts owed to group undertakings 1,859,472 1,789,472
Taxation and social security 95,976 63,164
Other creditors 13,810 9,875
2,260,858 2,166,862

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 741,879 967,504
Hire purchase contracts (see note 9) 44,333 72,333
786,212 1,039,837

Amounts falling due in more than five years:

Repayable by instalments
Fixed loan - 139,995

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 28,000 28,000
Between one and five years 44,333 72,333
72,333 100,333

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 958,130 1,174,381

The bank loans are secured against assets of the group and the company by way of a fixed charge.

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

The Report of the Auditors was unqualified.

James Groves (Senior Statutory Auditor)
for and on behalf of TC Group

12. GOING CONCERN

The company has net liabilities but the directors have agreed that the group will support the company. The going concern basis is still considered appropriate.