| REGISTERED NUMBER: |
| MH Aggregates Ltd |
| Unaudited Financial Statements |
| For The Year Ended 31st December 2024 |
| REGISTERED NUMBER: |
| MH Aggregates Ltd |
| Unaudited Financial Statements |
| For The Year Ended 31st December 2024 |
| MH Aggregates Ltd (Registered number: 14012754) |
| Contents of the Financial Statements |
| For The Year Ended 31st December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| MH Aggregates Ltd |
| Company Information |
| For The Year Ended 31st December 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 310 Wellingborough Road |
| Northampton |
| NN1 4EP |
| MH Aggregates Ltd (Registered number: 14012754) |
| Balance Sheet |
| 31st December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| MH Aggregates Ltd (Registered number: 14012754) |
| Notes to the Financial Statements |
| For The Year Ended 31st December 2024 |
| 1. | STATUTORY INFORMATION |
| MH Aggregates Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Critical accounting judgements and key sources of estimation uncertainty |
| In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
| estimates are recognised in the period in which the estimate is revised where the revision affects only that |
| period, or in the period of the revision and future periods where the revision affects both current and future |
| periods. |
| 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 |
| Plant and machinery etc | - |
| 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. |
| MH Aggregates Ltd (Registered number: 14012754) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Impairment of fixed assets |
| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to |
| determine whether there is any indication that those assets have suffered an impairment loss. If any such |
| indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the |
| impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, |
| the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, |
| the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects |
| current market assessments of the time value of money and the risks specific to the asset for which the |
| estimates of future cash flows have not been adjusted. |
| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying |
| amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An |
| impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued |
| amount, in which case the impairment loss is treated as a revaluation decrease. |
| Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount |
| does not exceed the carrying amount that would have been determined had no impairment loss been |
| recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is |
| recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which |
| case the reversal of the impairment loss is treated as a revaluation increase. |
| Cash & cash equivalents |
| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with |
| banks, other short-term liquid investments with original maturities of three months or less, and bank |
| overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| MH Aggregates Ltd (Registered number: 14012754) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 |
| ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to |
| the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when |
| there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at |
| transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the |
| assets of the company after deducting all of its liabilities. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at |
| transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is |
| measured at the present value of the future payments discounted at a market rate of interest. Financial |
| liabilities classified as payable within one year are not amortised. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
| business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year |
| or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at |
| transaction price and subsequently measured at amortised cost using the effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MH Aggregates Ltd (Registered number: 14012754) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st January 2024 |
| Disposals | ( |
) |
| At 31st December 2024 |
| DEPRECIATION |
| At 1st January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 31st December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CONTINGENT LIABILITIES |
| There were no contingent liabilities as at 31st December 2024 or31st December 2023. |
| 8. | CAPITAL COMMITMENTS |
| There were no capital commitments as at 31st December 2024 or31st December 2023. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The immediate parent company is Barry Howard Group Limited and its registered office is Unit 9, Bassett |
| Court, Loake Close, Grange Park, Northampton, NN4 5EZ. |
| The ultimate controlling party is Barry Howard by virtue of his majority shareholding in Barry Howard Group |
| Limited. |