REGISTERED NUMBER: 11024210 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASH AGGREGATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A D Hassall

J P Fray

M G Kirk

REGISTERED OFFICE:

The Mill

Moreton

Oswestry

Shropshire

SY10 8BH

REGISTERED NUMBER:

11024210 (England and Wales)

AUDITORS:

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

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

151,297

87,203

CURRENT ASSETS

Stocks

187,115

314,201

Debtors

6

933,854

939,678

Cash at bank

318,464

313,363

1,439,433

1,567,242

CREDITORS

Amounts falling due within one year

7

844,054

1,039,995

NET CURRENT ASSETS

595,379

527,247

TOTAL ASSETS LESS CURRENT LIABILITIES

746,676

614,450

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

746,675

614,449

SHAREHOLDERS' FUNDS

746,676

614,450

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:

N A D Hassall - Director

1.	STATUTORY INFORMATION

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

The principal place of business is Shellway Road, Ellesmere Port, CH65 4LZ.

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

These financial statements are for the individual entity only.

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

Significant judgements and estimates

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

The company makes an estimate of the stock valuation. When assessing the cost impact of bringing the aggregate material into stock, management consider factors such as the overall costs that may be involved in treating and processing the aggregate material. The overall valued material is included within the stock note balance.

The company makes an estimate for clearing unprocessed stock. When assessing the cost impact of clearing unprocessed stock, management consider factors such as the volume of stock and the average cost of processing stock taking into account overall costs as used for stock valuation and noted above. The provison is included within accruals in creditors due within one year.

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

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

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

Plant and machinery

- 20% on cost

Fixtures and fittings

- 50% on cost, 33% on cost

Motor vehicles

- 20% on cost

Stocks

Stock is valued at average production cost per ton taking into account costs that are involved in treating and processing the aggregate material.

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 cash at bank, trade debtors and amounts owed by group companies, 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 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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 30 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

182,445

57,512

53,423

293,380

Additions

138,826

-

-

138,826

At 31 March 2025

321,271

57,512

53,423

432,206

DEPRECIATION

At 1 April 2024

127,222

42,275

36,680

206,177

Charge for year

50,683

13,366

10,683

74,732

At 31 March 2025

177,905

55,641

47,363

280,909

NET BOOK VALUE

At 31 March 2025

143,366

1,871

6,060

151,297

At 31 March 2024

55,223

15,237

16,743

87,203

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

822,149

780,488

Amounts owed by group undertakings

7,925

60,000

Deferred tax asset

Accelerated capital allowances

13,524

6,716

Prepayments and accrued income

90,256

92,474

933,854

939,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

261,033

366,875

Amounts owed to group undertakings

195,163

389,897

Tax

-

9,822

Social security and other taxes

168,403

139,093

Accrued expenses

219,455

134,308

844,054

1,039,995

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

15,500

28,000

Between one and five years

12,000

24,500

In more than five years

43,250

46,250

70,750

98,750

9.	DEFERRED TAX

£

Balance at 1 April 2024

(6,716

)

Credit to Income Statement during year

(6,808

)

Balance at 31 March 2025

(13,524

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

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 its parent company and fellow subsidiaries. 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. There was no contingent liability for the company at 31 March 2025.

During a prior year the company entered into a deed of guarantee with a fellow subsidiary of the parent company. This provided a fixed and floating charge over assets of the company to secure all liabilities owed to Barclays Bank Plc

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £nil (2024: £nil).

13.	RELATED PARTY DISCLOSURES

During the year, the company paid for rental of land from a director totalling £3,000 (2024: £3,000). This land is on a lease for £3,000 a year expiring in September 2045 and has been included in the operating lease commitment note.

14.	ULTIMATE CONTROLLING PARTY