REGISTERED NUMBER: 06573489 (England and Wales)

AGGREGATES R US LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

8

Other Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Notes to the Financial Statements

12

DIRECTORS:

M R Robinson

S R A Robinson

REGISTERED OFFICE:

Meteor House

First Avenue

Finningley

Doncaster

DN9 3GA

REGISTERED NUMBER:

06573489 (England and Wales)

INDEPENDENT AUDITORS:

Xeinadin Audit Limited

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

The directors present their strategic report for the year ended 31 December 2024.

The directors aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and nature of the business.

REVIEW OF BUSINESS

During the year ended 31 December 2024 the directors consider the results of the company to be positive.

FINANCIAL KEY PERFORMANCE INDICATORS

2024

2023

Turnover

£28,976,970

£24,602,496

Gross Profit

£2,956,468

£2,934,216

Gross Profit Percentage

10.2%

11.9%

Net Profit Before Tax

£1,402,362

£1,632,911

Net Current Assets / (Liabilities)

£795,758

£123,400

Net Assets

£5,709,907

£4,523,235

PRINCIPAL RISKS AND UNCERTAINTIES

The Board regularly considers the main risks that the company faces and how to mitigate them. The most significant business risks are as follows:

- that the company strategy and business model does not deliver positive results;

- the loss of key management or senior staff could threaten operations viability;

that unforeseen or unexpected events beyond the control of the company result in a significant worsening of the market conditions.

EMPLOYEE MATTERS

The continues to supplement staff competencies on key technical areas through internal skills development and external training course. The company remains an equal opportunities employer and implements rigorous health and safety polices.

ENVIRONMENTAL MATTERS

The company is committed to minimising the impact of its activities on the environment and to continually improve its environmental performance.

FUTURE DEVELOPMENTS

The directors continue to implement a long term strategy that will enable the company to continue to grow.

ON BEHALF OF THE BOARD:

M R Robinson - Director

25 September 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS

Particulars of dividends are detailed in note 7 to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M R Robinson

S R A Robinson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

M R Robinson - Director

25 September 2025

Opinion

We have audited the financial statements of Aggregates R Us Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company, we identified that the principal risks of non-compliance with laws and regulations related to corporation tax legislation and we considered the extent to which non-compliance might have a material effect on the financial statements.

As part of this assessment we considered both quantitative and qualitative factors. We also considered those laws and regulations that have a direct impact of the preparation of the financial statements, such as the Companies Act 2006 and FRS 102.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements which included the risk of management override of controls. We determined that the principal risks were related to posting inappropriate journal entries, omitting, advancing or delaying recognition of events and transactions that have occurred during or after the reporting period, and potential management bias in the determination of accounting estimates or judgements to manipulate results.

Audit procedures performed by the engagement team include:

-

Enquiring of and obtaining written representation from management in relation to known or suspected instances of non-compliance with laws and regulations and fraud;

-

Enquiring of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations;

-

Evaluation of management's controls designed to prevent and detect irregularities;

-

Identifying and, where relevant, testing journal entries posted by senior management or with unusual combinations;

-

Assessing and evaluating the business rationale of significant transactions outside the normal course of business;

-

Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

-

Review of correspondence with regulators in so far as they are related to the financial statements;

-

Incorporating elements of unpredictability into the nature, timing and/or extent of audit procedures performed.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

25 September 2025

TURNOVER

28,976,970

24,602,496

Cost of sales

26,020,502

21,668,280

GROSS PROFIT

2,956,468

2,934,216

Administrative expenses

2,269,566

1,947,480

686,902

986,736

Other operating income

140,000

140,000

OPERATING PROFIT

4

826,902

1,126,736

Income from fixed asset investments

600,000

500,000

Interest receivable and similar income

61,951

55,021

661,951

555,021

1,488,853

1,681,757

Interest payable and similar expenses

5

86,491

48,846

PROFIT BEFORE TAXATION

1,402,362

1,632,911

Tax on profit

6

190,690

294,343

PROFIT FOR THE FINANCIAL YEAR

1,211,672

1,338,568

PROFIT FOR THE YEAR

1,211,672

1,338,568

OTHER COMPREHENSIVE INCOME

Income tax relating to other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

1,211,672

1,338,568

FIXED ASSETS

Tangible assets

8

3,252,366

2,458,750

Investments

9

3,007,820

3,007,820

6,260,186

5,466,570

CURRENT ASSETS

Stocks

10

1,159,476

617,337

Debtors

11

6,317,007

3,822,946

Cash at bank and in hand

334,111

1,187,828

7,810,594

5,628,111

CREDITORS

Amounts falling due within one year

12

7,014,836

5,504,711

NET CURRENT ASSETS

795,758

123,400

TOTAL ASSETS LESS CURRENT LIABILITIES

7,055,944

5,589,970

CREDITORS

Amounts falling due after more than one year

13

(736,526

)

(633,844

)

PROVISIONS FOR LIABILITIES

17

(609,511

)

(432,891

)

NET ASSETS

5,709,907

4,523,235

CAPITAL AND RESERVES

Called up share capital

18

167,203

167,203

Capital redemption reserve

19

52,801

52,801

Retained earnings

19

5,489,903

4,303,231

SHAREHOLDERS' FUNDS

5,709,907

4,523,235

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

M R Robinson - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

167,203

2,979,663

52,801

3,199,667

Changes in equity

Dividends

-

(15,000

)

-

(15,000

)

Total comprehensive income

-

1,338,568

-

1,338,568

Balance at 31 December 2023

167,203

4,303,231

52,801

4,523,235

Changes in equity

Dividends

-

(25,000

)

-

(25,000

)

Total comprehensive income

-

1,211,672

-

1,211,672

Balance at 31 December 2024

167,203

5,489,903

52,801

5,709,907

1.	STATUTORY INFORMATION

Aggregates R Us 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

Preparation of consolidated financial statements

The financial statements contain information about Aggregates R Us Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, ARU Bagging Limited, Meteor House First Avenue, Doncaster Finningly Airport, Doncaster, DN9 3GA.

Turnover

Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The Company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits associated with the transaction will flow to the entity and when specific criteria are met.

Supplier rebates

Supplier rebates are recognised only when there is a binding agreement with the supplier that specifies the rebate terms. Rebates are recognised as a reduction in the cost of purchases.

The Company measures rebates based on the terms outlined in the rebate agreement.

Rebates are recognised in the period in which the performance obligation is satisfied and the rebate is earned. Where performance criteria span multiple periods, rebates are recognised proportionately.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line or reducing balance method or, if held under a finance lease, over the lease term, whichever is shorter.

Land and buildings

- 30 years straight line

Motor vehicles

- 20% on straight line

Plant and machinery

- 10% on reducing balance

Office equipment

- 20% on straight line

Computer software

- 10% on straight line

Computer equipment

- 33% on straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjust prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

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.

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.

Government grants

Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

1,676,698

1,451,880

Social security costs

126,969

108,232

Other pension costs

93,569

43,084

1,897,236

1,603,196

The average number of employees during the year was as follows:

2024

2023

Admin + Production

41

40

2024

2023

£

£

Directors' remuneration

80,000

36,889

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

121,627

112,118

Depreciation - assets on hire purchase contracts

134,130

89,862

Auditors' remuneration

8,600

7,840

Auditors' remuneration for non audit work

3,430

3,270

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2024

2023

£

£

Hire purchase

86,491

48,846

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

14,070

192,346

Deferred tax

176,620

101,997

Tax on profit

190,690

294,343

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024

2023

£

£

Profit before tax

1,402,362

1,632,911

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2023 - 23.520%)

350,591

384,061

Effects of:

Expenses not deductible for tax purposes

15,125

6,334

Income not taxable for tax purposes

(150,000

)

(117,603

)

Depreciation in excess of capital allowances

6,429

6,049

Adjustments to tax charge in respect of previous periods

(31,455

)

15,502

Total tax charge

190,690

294,343

Tax effects relating to effects of other comprehensive income

2023

Gross

Tax

Net

£

£

£

Purchase of own share proceeds

Transfers to capital redemption reserve

-

-

-

7.

DIVIDENDS

2024

2023

£

£

Ordinary shares of 1 each

Interim

25,000

15,000

8.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

964,311

2,623,365

188,096

Additions

50,737

950,984

10,141

At 31 December 2024

1,015,048

3,574,349

198,237

DEPRECIATION

At 1 January 2024

177,144

1,084,052

136,379

Charge for year

25,716

172,903

31,419

At 31 December 2024

202,860

1,256,955

167,798

NET BOOK VALUE

At 31 December 2024

812,188

2,317,394

30,439

At 31 December 2023

787,167

1,539,313

51,717

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

73,933

96,575

3,946,280

Additions

14,425

23,086

1,049,373

At 31 December 2024

88,358

119,661

4,995,653

DEPRECIATION

At 1 January 2024

42,718

47,237

1,487,530

Charge for year

15,548

10,171

255,757

At 31 December 2024

58,266

57,408

1,743,287

NET BOOK VALUE

At 31 December 2024

30,092

62,253

3,252,366

At 31 December 2023

31,215

49,338

2,458,750