Quarry Plant And Industry Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03079834 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

QUARRY PLANT AND INDUSTRY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J L Grimmett

Mrs S Grimmett

M A Grimmett

REGISTERED OFFICE:

Moore Road

South Leicester Industrial Estate

Ellistown

Leicestershire

LE67 1EU

REGISTERED NUMBER:

03079834 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions (Northants) LLP

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

3,513,651

2,511,501

CURRENT ASSETS

Stocks

2,060,000

2,600,000

Debtors

5

5,797,360

5,685,492

Cash at bank and in hand

3,100,182

3,099,218

10,957,542

11,384,710

CREDITORS

Amounts falling due within one year

6

2,783,960

2,923,126

NET CURRENT ASSETS

8,173,582

8,461,584

TOTAL ASSETS LESS CURRENT LIABILITIES

11,687,233

10,973,085

PROVISIONS FOR LIABILITIES

699,073

551,140

NET ASSETS

10,988,160

10,421,945

CAPITAL AND RESERVES

Called up share capital

210

Retained earnings

10,987,950

10,421,735

10,988,160

10,421,945

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

J L Grimmett - Director

1.	STATUTORY INFORMATION

Quarry Plant And Industry 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.

Freehold property

-

in accordance with the property

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1st January 2024

20,000

382,017

1,895,030

Additions

120,000

916,634

155,327

Disposals

-

At 31st December 2024

140,000

1,298,651

2,050,357

DEPRECIATION

At 1st January 2024

-

104,154

979,850

Charge for year

-

196,871

Eliminated on disposal

-

At 31st December 2024

-

104,154

1,176,721

NET BOOK VALUE

At 31st December 2024

140,000

1,194,497

873,636

At 31st December 2023

20,000

277,863

915,180

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1st January 2024

1,882,007

81,722

4,260,776

Additions

485,405

2,438

1,679,804

Disposals

(407,459

)

-

(407,459

)

At 31st December 2024

1,959,953

84,160

5,533,121

DEPRECIATION

At 1st January 2024

606,259

59,012

1,749,275

Charge for year

265,860

4,952

467,683

Eliminated on disposal

(197,488

)

-

(197,488

)

At 31st December 2024

674,631

63,964

2,019,470

NET BOOK VALUE

At 31st December 2024

1,285,322

20,196

3,513,651

At 31st December 2023

1,275,748

22,710

2,511,501

The net book value of tangible fixed assets includes £ 151,555 (2023 - £ 189,444 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

2,950,791

3,109,563

Other debtors

76,638

82,304

3,027,429

3,191,867

Amounts falling due after more than one year:

Other debtors

2,769,931

2,493,625

Aggregate amounts

5,797,360

5,685,492

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Hire purchase contracts

26,681

104,321

Trade creditors

1,423,467

1,026,987

Taxation and social security

841,629

1,045,349

Other creditors

492,183

746,469

2,783,960

2,923,126

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are amounts due to the directors totalling £94,744 (2023: £4,778 debtor).

8.	RELATED PARTY DISCLOSURES

Rent of £180,058 (2023: £183,312) has been paid to pension schemes held by directors and employees.

Included within debtors due over 1 year is an amount owing from a SIPP of £2,850,297 (2023: £2,493,625) which is owned by directors and employees.