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REGISTERED NUMBER: 12228115 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MINE & QUARRY SERVICES LIMITED

MINE & QUARRY SERVICES LIMITED (REGISTERED NUMBER: 12228115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINE & QUARRY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: T A McCullough
Ms S Napierska





REGISTERED OFFICE: St Breock Downs Farm
St Breock
Wadebridge
Cornwall
PL27 7LG





REGISTERED NUMBER: 12228115 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

MINE & QUARRY SERVICES LIMITED (REGISTERED NUMBER: 12228115)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 226,222 188,575

CURRENT ASSETS
Stocks 154,242 145,011
Debtors 5 78,706 14,971
Cash at bank 19,849 47,653
252,797 207,635
CREDITORS
Amounts falling due within one year 6 142,553 128,460
NET CURRENT ASSETS 110,244 79,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,466

267,750

CREDITORS
Amounts falling due after more than one
year

7

(113,966

)

(91,461

)

PROVISIONS FOR LIABILITIES (42,982 ) (16,533 )
NET ASSETS 179,518 159,756

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 179,418 159,656
179,518 159,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

MINE & QUARRY SERVICES LIMITED (REGISTERED NUMBER: 12228115)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 13 June 2025 and were signed on its behalf by:




T A McCullough - Director



Ms S Napierska - Director


MINE & QUARRY SERVICES LIMITED (REGISTERED NUMBER: 12228115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Mine & Quarry Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MINE & QUARRY SERVICES LIMITED (REGISTERED NUMBER: 12228115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2023 287,151
Additions 78,099
At 30 September 2024 365,250
DEPRECIATION
At 1 October 2023 98,576
Charge for year 40,452
At 30 September 2024 139,028
NET BOOK VALUE
At 30 September 2024 226,222
At 30 September 2023 188,575

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 77,350
Transfer to ownership 240,423
At 30 September 2024 317,773
DEPRECIATION
Charge for year 36,026
Transfer to ownership 77,597
At 30 September 2024 113,623
NET BOOK VALUE
At 30 September 2024 204,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 47,101 3,710
Other debtors 16,000 -
VAT 13,297 4,582
Prepayments 2,308 6,679
78,706 14,971

MINE & QUARRY SERVICES LIMITED (REGISTERED NUMBER: 12228115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 28,333
Hire purchase contracts (see note 8) 55,780 40,919
Trade creditors 13,905 17,813
Tax 1,386 -
Social security and other taxes 3,851 3,647
Directors' current accounts 54,822 35,547
Accrued expenses 2,809 2,201
142,553 128,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 8,333 -
Hire purchase contracts (see note 8) 105,633 91,461
113,966 91,461

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 55,780 40,919
Between one and five years 105,633 91,461
161,413 132,380

Non-cancellable operating leases
30.9.24 30.9.23
£    £   
Within one year 13,781 -
Between one and five years 11,550 -
25,331 -

9. RELATED PARTY DISCLOSURES

Other debtors includes an interest free loan of £16,000 (2023: £nil) made to MMC Southern Limited. Mr T McCullough is a director and shareholder in both Companies.

The ultimate controlling party are the directors' on the basis that they hold of the shares in the company.