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Company No: 08151384 (England and Wales)

UK AGGREGATES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

UK AGGREGATES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

UK AGGREGATES LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2024
UK AGGREGATES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2024
DIRECTORS Joshua Coleman
James Nash
SECRETARIES Maria-Luisa Coleman
Katie Nash
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 08151384 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
UK AGGREGATES LIMITED

BALANCE SHEET

As at 31 August 2024
UK AGGREGATES LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 4,303 14,260
Tangible assets 4 127,488 216,609
Investments 5 19,951 0
151,742 230,869
Current assets
Stocks 512,342 617,100
Debtors 6 452,107 305,820
Cash at bank and in hand 558,815 1,309,170
1,523,264 2,232,090
Creditors: amounts falling due within one year 7 ( 419,501) ( 617,538)
Net current assets 1,103,763 1,614,552
Total assets less current liabilities 1,255,505 1,845,421
Provision for liabilities ( 27,927) ( 35,328)
Net assets 1,227,578 1,810,093
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,227,478 1,809,993
Total shareholders' funds 1,227,578 1,810,093

For the financial year ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of UK Aggregates Limited (registered number: 08151384) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

Joshua Coleman
Director
UK AGGREGATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
UK AGGREGATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

UK Aggregates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 15 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 15 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Plant and machinery etc. 25 % reducing balance
5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Research and development

Research and development expenditure is written off in the year in which it is incurred.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 10

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 September 2023 100,034 100,034
At 31 August 2024 100,034 100,034
Accumulated amortisation
At 01 September 2023 85,774 85,774
Charge for the financial year 9,957 9,957
At 31 August 2024 95,731 95,731
Net book value
At 31 August 2024 4,303 4,303
At 31 August 2023 14,260 14,260

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 September 2023 7,413 535,492 542,905
Additions 0 9,498 9,498
Disposals 0 ( 112,155) ( 112,155)
At 31 August 2024 7,413 432,835 440,248
Accumulated depreciation
At 01 September 2023 6,989 319,307 326,296
Charge for the financial year 424 42,446 42,870
Disposals 0 ( 56,406) ( 56,406)
At 31 August 2024 7,413 305,347 312,760
Net book value
At 31 August 2024 0 127,488 127,488
At 31 August 2023 424 216,185 216,609

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 September 2023 0 0
Additions 19,951 19,951
At 31 August 2024 19,951 19,951
Carrying value at 31 August 2024 19,951 19,951
Carrying value at 31 August 2023 0 0

6. Debtors

2024 2023
£ £
Trade debtors 77,261 23,425
Amounts owed by related parties 141 4,141
Other debtors 374,705 278,254
452,107 305,820

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 124,357 209,884
Amounts owed to related parties 56,000 56,000
Taxation and social security 114,762 223,976
Other creditors 124,382 127,678
419,501 617,538

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Advances or credits given 290,060 285,775
Repayments received (209,000) (198,481)

At the year end the balance owing to the company was £289,364 (2023: £208,304). The loan is repayable on demand. Interest is charged on loans at the rate set HMRC.