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REGISTERED NUMBER: 06962567 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

PMW Quarries Limited

PMW Quarries Limited (Registered number: 06962567)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PMW Quarries Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr A P Greenleaf
Mr D M Watson





REGISTERED OFFICE: Holmfirth Road
Shepley
Huddersfield
West Yorkshire
HD8 8BB





REGISTERED NUMBER: 06962567 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

PMW Quarries Limited (Registered number: 06962567)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,387,223 2,711,855
3,387,223 2,711,855

CURRENT ASSETS
Stocks 120,951 57,850
Debtors 7 2,026,632 1,738,137
Cash at bank and in hand 40,165 55,427
2,187,748 1,851,414
CREDITORS
Amounts falling due within one year 8 (3,366,682 ) (2,775,739 )
NET CURRENT LIABILITIES (1,178,934 ) (924,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,208,289

1,787,530

CREDITORS
Amounts falling due after more than one
year

9

(1,352,999

)

(993,105

)

PROVISIONS FOR LIABILITIES (385,335 ) (326,947 )
NET ASSETS 469,955 467,478

CAPITAL AND RESERVES
Called up share capital 11 99 99
Revaluation reserve 12 198,175 198,175
Retained earnings 271,681 269,204
SHAREHOLDERS' FUNDS 469,955 467,478

PMW Quarries Limited (Registered number: 06962567)

Statement of Financial Position - continued
30 September 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr A P Greenleaf - Director


PMW Quarries Limited (Registered number: 06962567)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

PMW Quarries 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities. Turnover is recognised at the point of despatch of the goods and at the point of providing the services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance and Straight line over 7 years
Fixtures and fittings - Between 20% & 25% on cost straight line
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

PMW Quarries Limited (Registered number: 06962567)

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

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 30 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 25,000
AMORTISATION
At 1 October 2023
and 30 September 2024 25,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

PMW Quarries Limited (Registered number: 06962567)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 1,235,742 2,398,448 32,734 82,389 3,749,313
Additions - 1,008,482 3,795 13,300 1,025,577
Disposals - (226,488 ) - (81,389 ) (307,877 )
At 30 September 2024 1,235,742 3,180,442 36,529 14,300 4,467,013
DEPRECIATION
At 1 October 2023 - 970,041 9,511 57,906 1,037,458
Charge for year - 275,684 3,519 786 279,989
Eliminated on disposal - (180,242 ) - (57,415 ) (237,657 )
At 30 September 2024 - 1,065,483 13,030 1,277 1,079,790
NET BOOK VALUE
At 30 September 2024 1,235,742 2,114,959 23,499 13,023 3,387,223
At 30 September 2023 1,235,742 1,428,407 23,223 24,483 2,711,855

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2017 244,660 - - - 244,660
Cost 991,082 3,180,442 36,529 14,300 4,222,353
1,235,742 3,180,442 36,529 14,300 4,467,013

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 991,082 991,082

Freehold land and buildings as at the 30 September 2017 were valued on an open market basis on 9 March 2018 by Boultons.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,521,386 1,246,344
Other debtors 505,246 491,793
2,026,632 1,738,137

PMW Quarries Limited (Registered number: 06962567)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,434,553 1,092,410
Hire purchase contracts 546,559 334,128
Trade creditors 1,282,761 1,204,456
Taxation and social security 28,326 94,552
Other creditors 74,483 50,193
3,366,682 2,775,739

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,586 215,862
Hire purchase contracts 1,349,413 777,243
1,352,999 993,105

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 1,180,159 926,126
Bank loans 257,980 382,146
Hire purchase contracts 1,895,972 1,111,371
3,334,111 2,419,643

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary £1 99 99

12. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 198,175

13. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had non-cancellable operating lease commitments with total minimum payments within 1 year of £44,836 (2023: £99,671) and within 2 to 5 years of £25,167
(2023: £109,436). The company had property rental commitments with total minimum payment within 1 year of £36,000 (2023: £36,000) and within 2 to 5 years £36,000 (2023: £72,000).

PMW Quarries Limited (Registered number: 06962567)

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

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr A P Greenleaf
Balance outstanding at start of year 41,603 41,619
Amounts advanced 89,478 83,484
Amounts repaid (83,333 ) (83,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,748 41,603

Mr D M Watson
Balance outstanding at start of year 41,603 41,619
Amounts advanced 89,478 83,484
Amounts repaid (83,333 ) (83,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 47,748 41,603