REGISTERED NUMBER: 01806136 (England and Wales)

TREFIGIN QUARRIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I G John

Mrs D S John

Mr D R John

Mr T L John

Mr G P John

SECRETARY:

Mrs D S John

REGISTERED OFFICE:

Trefigin Quarries

Monington

Cardigan

SA43 3BL

REGISTERED NUMBER:

01806136 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

50 Queen Street

Pembroke Dock

Pembrokeshire

SA72 6JE

FIXED ASSETS

Tangible assets

4

776,780

771,167

CURRENT ASSETS

Stocks

531,362

384,300

Debtors

5

1,097,569

1,060,085

Cash at bank

269,647

295,709

1,898,578

1,740,094

CREDITORS

Amounts falling due within one year

6

494,049

381,020

NET CURRENT ASSETS

1,404,529

1,359,074

TOTAL ASSETS LESS CURRENT LIABILITIES

2,181,309

2,130,241

CREDITORS

Amounts falling due after more than one year

7

(169,802

)

(220,624

)

PROVISIONS FOR LIABILITIES

(161,509

)

(128,490

)

NET ASSETS

1,849,998

1,781,127

CAPITAL AND RESERVES

Called up share capital

60,002

60,002

Retained earnings

1,789,996

1,721,125

SHAREHOLDERS' FUNDS

1,849,998

1,781,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

Mr I G John - Director

1.	STATUTORY INFORMATION

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

2.	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.

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

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

Freehold property

-

at varying rates on cost

Plant and machinery

-

at varying rates on reducing balance

Fixtures and fittings

-

at varying rates on reducing balance

Motor vehicles

-

at varying rates on reducing balance

Stocks

Stocks 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 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

145,104

1,974,032

9,245

512,859

2,641,240

Additions

-

146,450

-

-

146,450

Disposals

-

(128,950

)

-

-

(128,950

)

At 31 March 2025

145,104

1,991,532

9,245

512,859

2,658,740

DEPRECIATION

At 1 April 2024

50,199

1,418,462

8,982

392,430

1,870,073

Charge for year

4,812

103,103

51

18,064

126,030

Eliminated on disposal

-

(114,143

)

-

-

(114,143

)

At 31 March 2025

55,011

1,407,422

9,033

410,494

1,881,960

NET BOOK VALUE

At 31 March 2025

90,093

584,110

212

102,365

776,780

At 31 March 2024

94,905

555,570

263

120,429

771,167

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

396,495

69,000

465,495

Additions

120,000

-

120,000

At 31 March 2025

516,495

69,000

585,495

DEPRECIATION

At 1 April 2024

96,271

19,148

115,419

Charge for year

63,033

7,477

70,510

At 31 March 2025

159,304

26,625

185,929

NET BOOK VALUE

At 31 March 2025

357,191

42,375

399,566

At 31 March 2024

300,224

49,852

350,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

492,113

473,320

Other debtors

605,456

586,765

1,097,569

1,060,085

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

125,877

87,023

Trade creditors

80,877

100,263

Taxation and social security

93,408

54,414

Other creditors

193,887

139,320

494,049

381,020

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

169,802

220,624