Simpson Quarries Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04594315 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SIMPSON QUARRIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A J K Bousfield

K J Bousfield

REGISTERED OFFICE:

Ashcourt Group

Halifax Way

Pocklington

East Yorkshire

YO42 1NR

REGISTERED NUMBER:

04594315 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Property, plant and equipment

4

437,482

449,628

Investments

5

1,035,419

1,472,901

1,485,047

CURRENT ASSETS

Inventories

105,493

97,400

Debtors

6

4,824,172

4,231,274

Cash at bank

6,985

972

4,936,650

4,329,646

CREDITORS

Amounts falling due within one year

7

7,718,774

6,834,479

NET CURRENT LIABILITIES

(2,782,124

)

(2,504,833

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,309,223

)

(1,019,786

)

CREDITORS

Amounts falling due after more than one
year

8

27,083

32,083

NET LIABILITIES

(1,336,306

)

(1,051,869

)

CAPITAL AND RESERVES

Called up share capital

9

20,000

Retained earnings

(1,356,306

)

(1,071,869

)

SHAREHOLDERS' FUNDS

(1,336,306

)

(1,051,869

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 September 2025 and were signed on its behalf by:

K J Bousfield - Director

1.	STATUTORY INFORMATION

Simpson 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.

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.

As the company has the continued financial support of the directors and shareholders these accounts have been prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Simpson Quarries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue represents income from quarry activities and is recognised on the supply of goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Long leasehold

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Inventories

Inventories 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.

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.

Pension costs and other post-retirement benefits

The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

521,039

33,592

554,631

Additions

-

1,000

Disposals

-

(1,000

)

(1,000

)

At 31 December 2024

521,039

33,592

554,631

DEPRECIATION

At 1 January 2024

94,178

10,825

105,003

Charge for year

8,538

3,608

12,146

At 31 December 2024

102,716

14,433

117,149

NET BOOK VALUE

At 31 December 2024

418,323

19,159

437,482

At 31 December 2023

426,861

22,767

449,628

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,035,419

NET BOOK VALUE

At 31 December 2024

1,035,419

At 31 December 2023

1,035,419

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

109,300

123,382

Amounts owed by group undertakings

936,717

869,354

Amounts owed by associates

3,737,244

3,211,974

Other debtors

40,911

26,564

4,824,172

4,231,274

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

5,000

Trade creditors

30,148

16,295

Amounts owed to associates

7,398,575

6,650,705

Other creditors

285,051

162,479

7,718,774

6,834,479

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

27,083

32,083

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

7,083

12,083

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

20,000

Ordinary

£1

20,000

10.	RELATED PARTY DISCLOSURES

The Ashcourt Group is a group of construction companies controlled by K J Bousfield. During the year the company provided aggregate supplies to the Ashcourt Group. The company also incurred services from the Ashcourt Group in the year.

The Ashcourt Properties Group is a group of companies controlled by the family of a director, K J Bousfield. During the year the company provided aggregate supplies to the Ashcourt Properties Group. The company also incurred services from the Ashcourt Properties Group in the year.

As at 31 December 2024 the company was owed an aggregate of £3,737,244 (2023: £3,211,974) by, and owed £7,398,575 (2023: £6,650,705) to numerous companies in the Ashcourt Group and the Ashcourt Properties Group.

All transactions were conducted on commercial terms.