Quarry Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05446868

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		30,000		45,000
Tangible Assets	5		446,537		426,155

			476,537		471,155
CURRENT ASSETS
Stocks	6	50,189		65,899
Debtors	7	76,661		83,568
Cash at bank and in hand		362,443		463,436

		489,293		612,903
Creditors: Amounts Falling Due Within One Year	8	(512,331 )		(641,259 )

NET CURRENT ASSETS (LIABILITIES)			(23,038 )		(28,356 )

TOTAL ASSETS LESS CURRENT LIABILITIES			453,499		442,799

Creditors: Amounts Falling Due After More Than One Year	9		(1,375 )		(12,307 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(110,312 )		(105,174 )

NET ASSETS			341,812		325,318

CAPITAL AND RESERVES
Called up share capital	10		2,000		2,000
Profit and Loss Account			339,812		323,318

SHAREHOLDERS' FUNDS			341,812		325,318

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Quarry Services Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Max Kempson

Director

18/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Quarry Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05446868 . The registered office is Quarry Row, Houghton-Le-Spring, Tyne And Wear, DH4 4AU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Quarry Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 12 (2024: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	300,000

As at 30 April 2025	300,000

Amortisation
As at 1 May 2024	255,000
Provided during the period	15,000

As at 30 April 2025	270,000

Net Book Value
As at 30 April 2025	30,000

As at 1 May 2024	45,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 May 2024	206,724	749,503	10,513	30,656	997,396
Additions	22,289	161,934	-	-	184,223
Disposals	-	(97,161 )	-	-	(97,161 )

As at 30 April 2025	229,013	814,276	10,513	30,656	1,084,458

Depreciation
As at 1 May 2024	157,866	388,508	2,917	21,950	571,241
Provided during the period	9,013	123,810	1,139	2,177	136,139
Disposals	-	(69,459 )	-	-	(69,459 )

As at 30 April 2025	166,879	442,859	4,056	24,127	637,921

Net Book Value
As at 30 April 2025	62,134	371,417	6,457	6,529	446,537

As at 1 May 2024	48,858	360,995	7,596	8,706	426,155

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Quarry Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Stocks

	2025	2024
	£	£
Finished goods	50,189	65,899

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	29,358	36,237
Prepayments and accrued income	42,787	45,079
Other debtors	88	-
Directors' loan accounts	4,428	2,252

	76,661	83,568

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	381,429	527,406
Bank loans and overdrafts	10,000	10,000
Corporation tax	20,397	16,760
Other taxes and social security	4,542	5,210
VAT	45,894	21,963
Other creditors	17,417	18,060
Accruals and deferred income	32,652	41,860

	512,331	641,259

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,375	12,307

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,000	2,000

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