Registered number
06508584
White Rose Tarmacadam Limited
Unaudited Filleted Accounts
31 December 2024
White Rose Tarmacadam Limited
Registered number: 06508584
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,375 6,875
Tangible assets 4 263,334 258,544
268,709 265,419
Current assets
Stocks 3,840 7,814
Debtors 5 31,348 32,793
Cash at bank and in hand 169,324 129,098
204,512 169,705
Creditors: amounts falling due within one year 6 (79,768) (68,907)
Net current assets 124,744 100,798
Total assets less current liabilities 393,453 366,217
Creditors: amounts falling due after more than one year 7 (55,780) (57,498)
Provisions for liabilities (19,111) (18,976)
Net assets 318,562 289,743
Capital and reserves
Called up share capital 100 100
Profit and loss account 318,462 289,643
Shareholders' funds 318,562 289,743
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C S Smithyman
Director
Approved by the board on 27 May 2025
White Rose Tarmacadam Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 30,000
At 31 December 2024 30,000
Amortisation
At 1 January 2024 23,125
Provided during the year 1,500
At 31 December 2024 24,625
Net book value
At 31 December 2024 5,375
At 31 December 2023 6,875
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 158,668 176,932 202,484 538,084
Additions 4,082 13,130 26,550 43,762
Disposals - - (22,650) (22,650)
At 31 December 2024 162,750 190,062 206,384 559,196
Depreciation
At 1 January 2024 - 134,356 145,184 279,540
Charge for the year - 13,926 19,601 33,527
On disposals - - (17,205) (17,205)
At 31 December 2024 - 148,282 147,580 295,862
Net book value
At 31 December 2024 162,750 41,780 58,804 263,334
At 31 December 2023 158,668 42,576 57,300 258,544
5 Debtors 2024 2023
£ £
Trade debtors 29,228 30,900
Other debtors 2,120 1,893
31,348 32,793
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,417 5,417
Obligations under finance lease and hire purchase contracts 3,690 4,000
Trade creditors 32,445 25,685
Taxation and social security costs 29,803 20,954
Directors loan account 96 4,406
Other creditors 8,317 8,445
79,768 68,907
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 55,780 57,498
8 Other information
White Rose Tarmacadam Limited is a private company limited by shares and incorporated in England. Its registered office is:
Valley View
Maddacombe Road
Kingskerswell
Devon
TQ12 5LF
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