REGISTERED NUMBER: SC044590 (Scotland)

Financial Statements

for the Year Ended 31 December 2024

for

Riskend Aggregates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J W Clelland

Mr D C Clelland

Mr S A Clelland

REGISTERED OFFICE:

Burnside Industrial Estate

Kilsyth

Glasgow

G65 9JY

REGISTERED NUMBER:

SC044590 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Property, plant and equipment

3

2,287,064

2,184,025

Investments

4

85,042

85,042

2,372,106

2,269,067

CURRENT ASSETS

Inventories

67,140

37,595

Debtors

5

613,361

630,394

Cash at bank and in hand

543,682

854,581

1,224,183

1,522,570

CREDITORS

Amounts falling due within one year

6

213,016

147,842

NET CURRENT ASSETS

1,011,167

1,374,728

TOTAL ASSETS LESS CURRENT LIABILITIES

3,383,273

3,643,795

PROVISIONS FOR LIABILITIES

250,193

351,061

NET ASSETS

3,133,080

3,292,734

CAPITAL AND RESERVES

Called up share capital

100,219

100,219

Revaluation reserve

7

500,995

500,995

Capital redemption reserve

100,000

100,000

Retained earnings

2,431,866

2,591,520

SHAREHOLDERS' FUNDS

3,133,080

3,292,734

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 24 October 2025 and were signed on its behalf by:

Mr J W Clelland - Director

1.	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 as modified by the revaluation of certain assets.

Going concern

The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Turnover represents the amounts received from the provision of sand and aggregate materials, shipping and distribution, tipper hire and recycling facilities, excluding value added tax and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Inventories

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Land and

to

Plant and

buildings

property

machinery

£

£

£

COST OR VALUATION

At 1 January 2024

857,161

164,362

2,207,820

Additions

-

-

507,357

Disposals

-

-

(389,916

)

At 31 December 2024

857,161

164,362

2,325,261

DEPRECIATION

At 1 January 2024

88,872

56,209

956,224

Charge for year

-

8,218

224,568

Eliminated on disposal

-

-

(175,017

)

At 31 December 2024

88,872

64,427

1,005,775

NET BOOK VALUE

At 31 December 2024

768,289

99,935

1,319,486

At 31 December 2023

768,289

108,153

1,251,596

Office

Motor

equipment

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

89,199

91,165

3,409,707

Additions

2,588

80,206

590,151

Disposals

-

(10,250

)

(400,166

)

At 31 December 2024

91,787

161,121

3,599,692

DEPRECIATION

At 1 January 2024

78,275

46,102

1,225,682

Charge for year

3,065

31,037

266,888

Eliminated on disposal

-

(4,925

)

(179,942

)

At 31 December 2024

81,340

72,214

1,312,628

NET BOOK VALUE

At 31 December 2024

10,447

88,907

2,287,064

At 31 December 2023

10,924

45,063

2,184,025

The quarry land was revalued in 2011 by JWH Ross, Chartered Mineral Surveyors. The land at Pottery Street, Greenock was revalued in 2019 by DM Hall, Chartered Surveyors.

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

425,000

DEPRECIATION

At 1 January 2024

and 31 December 2024

205,921

NET BOOK VALUE

At 31 December 2024

219,079

At 31 December 2023

219,079

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

85,042

NET BOOK VALUE

At 31 December 2024

85,042

At 31 December 2023

85,042

The listed investments are stated at cost. The market value at the year end date was £270,533.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

121,496

230,860

Other debtors

491,865

399,534

613,361

630,394

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

7,093

25,295

Taxation and social security

179,008

93,252

Other creditors

26,915

29,295

213,016

147,842

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

500,995

8.	RELATED PARTY DISCLOSURES

There is balance owed by the directors of £134,062 (2023 - £86,193) as at 31st December 2024. No interest was charged on this balance and there are no formal repayment terms.