Silverton Aggregates Limited 31/12/2024 iXBRL

Company registration number: 10733260

Silverton Aggregates Limited

Unaudited filleted financial statements

31 December 2024

Silverton Aggregates Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Silverton Aggregates Limited

Directors and other information


	Directors	Duncan Fowle
		David Goodwin


	Company number	10733260


	Registered office	Walton Road
		Kirby-Le-Soken
		Frinton-on-Sea
		Essex
		CO13 0DA


	Business address	Devereux Farm
		Walton Road
		Kirby-Le-Soken
		Frinton-on-Sea
		CO13 0DA


	Accountants	Murphy Collins
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

Silverton Aggregates Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Silverton Aggregates Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Silverton Aggregates Limited for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Silverton Aggregates Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Silverton Aggregates Limited and state those matters that we have agreed to state to the board of directors of Silverton Aggregates Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Silverton Aggregates Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Silverton Aggregates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Silverton Aggregates Limited. You consider that Silverton Aggregates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Silverton Aggregates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Murphy Collins

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

18 December 2025

Silverton Aggregates Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	6	2,833,471		1,609,649
		_______		_______
			2,833,471		1,609,649

Current assets
Stocks		388,609		279,598
Debtors	7	1,785,607		2,192,884
Cash at bank and in hand		32,099		850,914
		_______		_______
		2,206,315		3,323,396
Creditors: amounts falling due
within one year	8	( 1,515,216)		( 1,659,009)
		_______		_______
Net current assets			691,099		1,664,387
			_______		_______
Total assets less current liabilities			3,524,570		3,274,036

Creditors: amounts falling due
after more than one year	9		( 572,305)		( 329,397)

Provisions for liabilities	10		( 500,497)		( 364,500)

			_______		_______
Net assets			2,451,768		2,580,139
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			2,451,668		2,580,039
			_______		_______
Shareholders funds			2,451,768		2,580,139
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Duncan Fowle David Goodwin

Director Director

Company registration number: 10733260

Silverton Aggregates Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023	100	2,009,296	2,009,396

Profit for the year		1,070,743	1,070,743
	_______	_______	_______
Total comprehensive income for the year	-	1,070,743	1,070,743

Dividends paid and payable		( 500,000)	( 500,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 500,000)	( 500,000)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	100	2,580,039	2,580,139

Profit for the year		204,129	204,129
	_______	_______	_______
Total comprehensive income for the year	-	204,129	204,129

Dividends paid and payable		( 332,500)	( 332,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 332,500)	( 332,500)

	_______	_______	_______
At 31 December 2024	100	2,451,668	2,451,768
	_______	_______	_______

Silverton Aggregates Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Devereux Farm, Walton Road, Kirby-Le-Soken, Frinton-on-Sea, Essex, CO13 0DA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	20 %	straight line
Commercial vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 49 (2023: 42 ).

The aggregate payroll costs incurred during the year were:

	2024	2023
	£	£
Wages and salaries	1,730,960	1,558,773
Social security costs	178,002	156,965
Other pension costs	51,741	43,700
	_______	_______
	1,960,703	1,759,438
	_______	_______

5. Tax on profit

Major components of tax expense

	2024	2023
	£	£
Current tax:
UK current tax income/expense	( 62,536)	330,198
	_______	_______

Deferred tax:
Origination and reversal of timing differences	135,997	105,000
	_______	_______
Tax on profit	73,461	435,198
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	935,614	10,346	1,741,772	2,687,732
Additions	397,300	-	1,668,086	2,065,386
Disposals	( 190,258)	-	( 48,591)	( 238,849)
	_______	_______	_______	_______
At 31 December 2024	1,142,656	10,346	3,361,267	4,514,269
	_______	_______	_______	_______
Depreciation
At 1 January 2024	394,542	4,800	678,741	1,078,083
Charge for the year	208,242	2,070	520,912	731,224
Disposals	( 105,362)	-	( 23,147)	( 128,509)
	_______	_______	_______	_______
At 31 December 2024	497,422	6,870	1,176,506	1,680,798
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	645,234	3,476	2,184,761	2,833,471
	_______	_______	_______	_______
At 31 December 2023	541,072	5,546	1,063,031	1,609,649
	_______	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	1,486,761	2,173,756
Other debtors	298,846	19,128
	_______	_______
	1,785,607	2,192,884
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	903,186	683,273
Corporation tax	-	330,198
Social security and other taxes	179,029	240,506
Other creditors	433,001	405,032
	_______	_______
	1,515,216	1,659,009
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	572,305	329,397
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 January 2024	364,500	364,500
Additions	135,997	135,997
	_______	_______
At 31 December 2024	500,497	500,497
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 10)	500,497	364,500
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	135,997	105,000
	_______	_______

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Duncan Fowle	( 33,750)	33,750	-
	David Goodwin	( 33,750)	33,750	-
		_______	_______	_______
		( 67,500)	67,500	-
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Duncan Fowle	-	( 33,750)	( 33,750)
	David Goodwin	-	( 33,750)	( 33,750)
		_______	_______	_______
		-	( 67,500)	( 67,500)
		_______	_______	_______