Northern Readymix Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11893304 (England and Wales)

Northern Readymix Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Metcalfe

D A Richardson

REGISTERED OFFICE:

Washfold Farm

Leyburn

North Yorkshire

DL8 5JZ

REGISTERED NUMBER:

11893304 (England and Wales)

ACCOUNTANTS:

Addison & Co

Ebor House

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

4

151,499

154,172

CURRENT ASSETS

Stocks

14,000

Debtors

5

137,194

156,000

Cash at bank

58,286

62,088

209,480

232,088

CREDITORS

Amounts falling due within one year

6

134,458

169,703

NET CURRENT ASSETS

75,022

62,385

TOTAL ASSETS LESS CURRENT
LIABILITIES

226,521

216,557

CREDITORS

Amounts falling due after more than one
year

7

(170,000

)

(170,000

)

PROVISIONS FOR LIABILITIES

(6,191

)

-

NET ASSETS

50,330

46,557

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

50,230

46,457

SHAREHOLDERS' FUNDS

50,330

46,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:

D A Richardson - Director

1.	STATUTORY INFORMATION

Northern Readymix Ltd 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.

Long leasehold

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 April 2024

-

246,268

5,895

252,163

Additions

22,310

-

22,310

At 31 March 2025

22,310

246,268

5,895

274,473

DEPRECIATION

At 1 April 2024

-

95,446

2,545

97,991

Charge for year

1,858

22,623

502

24,983

At 31 March 2025

1,858

118,069

3,047

122,974

NET BOOK VALUE

At 31 March 2025

20,452

128,199

2,848

151,499

At 31 March 2024

-

150,822

3,350

154,172

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

135,285

154,139

Called up share capital not paid

-

50

Prepayments

1,909

1,811

137,194

156,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

131,485

164,601

VAT

1,051

3,272

Accrued expenses

1,922

1,830

134,458

169,703

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Low Grange Quarry loan

85,000

Metcalfe Farms Ltd loan

85,000

170,000

Amounts falling due in more than five years:

Repayable by instalments

Low Grange Quarry loan

85,000

Metcalfe Farms Ltd loan

85,000

170,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Various loans have been made to the company by Metcalfe Farms Ltd, a company controlled by D J Metcalfe together with his mother and brothers. At the year end £85,000 (2024 £85,000) was owing to the connected company. Various loans have also been received from Low Grange Quarry, a business owned by A Richardson, and at the year end £85,000 (2024 £85,000) was owed by Northern Readymix Ltd. No interest was charged by any of the businesses to the company.

Various transactions have been made with connected parties during the year on an arm's length basis and at the year end the following amounts were owed to the company by Metcalfe Farms, Low Grange Quarry and Metcalfe Farms Ltd respectively, £13,184 (2024 £nil), £54,217 (2024 £55,512) and £67,885 (2024 £98,628). The company also owed money to connected parties at the year end, being £4,110 (2024 £68,469) to Metcalfe Farms, £37,982 (2024 £nil) to Metcalfe Farms Ltd and £nil (2024 £660) to Metcalfe Farms (Haulage) Ltd.