| Registered number: 07270985 | ||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||
| Prepared By: | ||||||||
| NB Lancaster & Co | ||||||||
| Chartered Accountants | ||||||||
| 6 Brunswick Street | ||||||||
| Carlisle | ||||||||
| Cumbria | ||||||||
| CA1 1PN | ||||||||
| Border Stone Quarries Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 07270985 | ||||||||
| ACCOUNTANTS | ||||||||
| NB Lancaster & Co | ||||||||
| Chartered Accountants | ||||||||
| 6 Brunswick Street | ||||||||
| Carlisle | ||||||||
| Cumbria | ||||||||
| CA1 1PN | ||||||||
| Border Stone Quarries Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30/09/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Border Stone Quarries Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 2,058,841 | 1,713,828 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT ASSETS | 1,302,506 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Profit and loss account | 2,350,406 | 2,116,305 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Border Stone Quarries Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
| Short Leasehold Properties | straight line10% | |||||||
| Plant And Machinery | reducing balance25% | |||||||
| Equipment | reducing balance25% | |||||||
| Motor Vehicles | reducing balance25% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 8 | |||||
| Border Stone Quarries Limited | ||||||||
| 3. TANGIBLE FIXED ASSETS | ||||||||||||
| Land And | Short Leasehold | Plant and | ||||||||||
| Buildings | Properties | Machinery | Equipment | Motor Vehicles | Total | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Cost | ||||||||||||
| At 01/10/2023 | 200,000 | 27,565 | 1,652,416 | 5,328 | 212,928 | 2,098,237 | ||||||
| Additions | - | - | 254,336 | 1,486 | 75,955 | 331,777 | ||||||
| Disposals | - | - | (81,046) | - | (12,102) | (93,148) | ||||||
| At 30/09/2024 | 200,000 | 27,565 | 1,825,706 | 6,814 | 276,781 | 2,336,866 | ||||||
| Depreciation | ||||||||||||
| At 01/10/2023 | - | 16,540 | 861,837 | 3,263 | 170,430 | 1,052,070 | ||||||
| Disposals | - | - | (71,845) | - | - | (71,845) | ||||||
| For the year | - | 2,757 | 258,928 | 888 | 26,587 | 289,160 | ||||||
| At 30/09/2024 | - | 19,297 | 1,048,920 | 4,151 | 197,017 | 1,269,385 | ||||||
| Net Book Amounts | ||||||||||||
| At 30/09/2024 | 8,268 | 1,067,481 | ||||||||||
| At 30/09/2023 | 11,025 | 1,046,167 | ||||||||||
| 4. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 201,886 | 274,404 | ||||||
| VAT | - | 3,230 | ||||||
| Other debtors | 184,969 | 158,626 | ||||||
| Prepayments | 30,717 | 22,833 | ||||||
| Directors current account | 648,089 | 564,524 | ||||||
| 1,065,661 | 1,023,617 | |||||||
| Border Stone Quarries Limited | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 80,468 | 11,054 | ||||||
| VAT | 60,877 | - | ||||||
| Other tax and social security | 3,515 | 4,459 | ||||||
| Trade creditors | 27,616 | 30,018 | ||||||
| Other creditors | 350,000 | 350,000 | ||||||
| Accruals | 14,973 | 15,791 | ||||||
| 537,449 | 411,322 | |||||||
| 7. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 100 | 100 | |||||||
| 200 | 200 | |||||||
| 8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
| 9. ADDITIONAL INFORMATION | ||||||||
| The company is a private company, limited by shares and registered in England & Wales. | ||||||||
| The company's registered number is 07270985. | ||||||||
| The company's registered office is 6 Brunswick Street, Carlisle, CA1 1PN. | ||||||||
| 10. TRANSACTIONS WITH DIRECTORS | ||||||||
| At 1 October 2023 a loan of £564,524 was owed to the company by a director. During the year further advances of £103,565 were made to a director and repayments of £20,000. A balance of £648,089 remains outstanding at the balance sheet date. The loan is interest free, unsecured and repayable on demand. | ||||||||