REGISTERED NUMBER: 10647819 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

NRS WOODCOTE AGGREGATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Ketcher

K D Montgomery

D Forder

SECRETARY:

Ms L J Shirley

REGISTERED OFFICE:

NRS House

Site 7, Meriden Park

Cornets End Lane

Meriden

CV7 7LG

REGISTERED NUMBER:

10647819 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

CURRENT ASSETS

Stocks

5

671,996

956,796

Debtors

6

943,087

2,010,585

Cash at bank

237,374

429,181

1,852,457

3,396,562

CREDITORS

Amounts falling due within one year

7

1,983,775

3,045,196

NET CURRENT (LIABILITIES)/ASSETS

(131,318

)

351,366

TOTAL ASSETS LESS CURRENT LIABILITIES

(131,318

)

351,366

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(131,418

)

351,266

SHAREHOLDERS' FUNDS

(131,318

)

351,366

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 10 December 2025 and were signed on its behalf by:

M C Ketcher - Director

1.	STATUTORY INFORMATION

NRS Woodcote Aggregates Ltd is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal place of business is Woodcote Wood Quarry, 19 Woodcote Hill, Sheriffhales, Shifnal, TF11 8RS.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

At the balance sheet date the company had net current liabilities and net liabilities of £131,318 (2024: net current assets and net assets of £351,366). As shown in the creditors due within one year note, creditors includes amounts owed to group companies of £1,506,100 (2024: £2,138,789). The directors have reviewed the support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Turnover

Turnover represents net invoiced sales of goods excluding value added tax. Turnover is recognised when goods have been despatched or made available for collection by the customer.

Stocks

Stocks are stated at the lower of cost and net realisable value. Costs comprise direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, amounts due from group companies and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when

(a) the contractual rights to the cash flows from the asset expire or are settled, or

(b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables and amounts due to group companies, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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 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

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.

Restoration provision

No provision is being made for the anticipated costs of site restoration on the basis that the net present value of future income flows are anticipated to be greater than the anticipated costs of restoration.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 13 ) .

5.

STOCKS

31.3.25

31.3.24

£

£

Aggregate material

671,996

956,796

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

869,139

1,040,882

Amounts owed by group undertakings

2,288

591,091

Corporation tax

411

-

Prepayments and accrued income

71,249

378,612

943,087

2,010,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

162,534

492,522

Amounts owed to group undertakings

1,506,100

2,138,789

VAT

103,982

84,270

Accrued expenses

211,159

329,615

1,983,775

3,045,196

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

13,198

13,198

Between one and five years

52,792

52,792

In more than five years

39,594

52,792

105,584

118,782

9.	SECURED DEBTS

Charge created 10 October 2019 between NRS Woodcote Aggregates Ltd and HSBC Bank UK Plc with a fixed and floating charge over all assets currently or at any time afterwards owned by the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

Ordinary shares are entitled to full voting rights and dividends.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

12.	CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with fellow group companies. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System.

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £1,054,213 (2024: £1,603,389).

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is LAF Holdings Limited, a company registered in England and Wales, by way of its majority shareholding in the parent company. No one person has ultimate control.