REGISTERED NUMBER: 13040318 (England and Wales)

DANIEL CHARLES AGGREGATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

7

DIRECTORS:

D Ingall

Mrs J S Skelton

Mrs C M Heath

REGISTERED OFFICE:

Honeywood Barn

Honeyholes Lane

Dunholme

Lincoln

LN2 3SU

REGISTERED NUMBER:

13040318 (England and Wales)

SENIOR STATUTORY AUDITOR:

Sally-Anne Hurn FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

4,836,690

3,487,795

CURRENT ASSETS

Stocks

491,887

359,379

Debtors

5

393,735

799,859

Cash at bank and in hand

116,737

96,835

1,002,359

1,256,073

CREDITORS

Amounts falling due within one year

6

1,789,990

1,526,836

NET CURRENT LIABILITIES

(787,631

)

(270,763

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,049,059

3,217,032

CREDITORS

Amounts falling due after more than one year

7

(1,032,754

)

(295,770

)

PROVISIONS FOR LIABILITIES

(684,551

)

(476,360

)

NET ASSETS

2,331,754

2,444,902

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

2,331,654

2,444,802

SHAREHOLDERS' FUNDS

2,331,754

2,444,902

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 26 August 2026 and were signed on its behalf by:

D Ingall - Director

1.	STATUTORY INFORMATION

Daniel Charles Aggregates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The directors acknowledge that the company has net current liabilities of £787,631 (2024 - £270,763) at the year end. They consider that the company will be able to meet its current liabilities as they fall due by utilising group facilities as necessary.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis and are covered within the accounting policies:

1) The company makes an estimate of the volume of aggregate held at the quarry premises using a drone survey and the work of a Quantity Surveyor. The volume figure is multiplied by a density factor, which is determined by the client and calculated based on an average weight. This total is used as a quantity figure within the stock valuation.

See Note 2 (Stocks) for further details.

2) The annual depreciation charge for the quarry (included in Freehold Property) is estimated based on the rate of extraction of the mineral reserves. Management are required to estimate the volume extracted in the year as well the remaining economically recoverable reserve. This is measured using the units-of-production method, which allocates the depreciable cost of the quarry based on the proportion of total expected mineral reserves extracted in the period. The depreciation charge is then calculated by determining a per-unit cost (depreciable cost divided by the total estimated reserves) and applying this to the actual extraction volumes in the year.

See Note 5 for the carrying amount of the property, plant and equipment and Note 2 (Tangible Fixed Assets) for details of the extraction rates.

Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from quarrying limestone and supplying aggregates is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Freehold property - See below

Freehold property is all depreciated at 2%, other than the Dunstan Quarry which is depreciated over 15 years on cost less residual value. This is based on the aggregates left to be extracted and the useful life of the remaining space. Based on the planning permission granted, this will be until 2040.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks of mined limestone and recycled aggregate are valued after taking account of relevant costs such as salaries and machine running costs. Stocks of purchased aggregate are valued at lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 the income statement over the relevant period. The capital element of the future payment is treated as a liability.

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 the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

1,890,689

3,179,912

5,070,601

Additions

803,689

1,083,336

1,887,025

Disposals

-

(382,000

)

(382,000

)

At 30 November 2025

2,694,378

3,881,248

6,575,626

DEPRECIATION

At 1 December 2024

493,071

1,089,735

1,582,806

Charge for year

81,068

445,257

526,325

Eliminated on disposal

-

(250,142

)

(250,142

)

Charge written back

(120,053

)

-

(120,053

)

At 30 November 2025

454,086

1,284,850

1,738,936

NET BOOK VALUE

At 30 November 2025

2,240,292

2,596,398

4,836,690

At 30 November 2024

1,397,618

2,090,177

3,487,795

Included within the depreciation of freehold property is an uplift adjustment for £120,053. This is in relation to the previous years change in accounting policy, where there was a change in the useful economic life of the quarry following the approval of planning permission.

During the year ended 30 November 2025, additional planning permission was granted which allowed for further quarry extraction.

The net book value of tangible fixed assets includes £ 2,126,049 (2024 - £ 1,900,237 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

248,993

338,768

Amounts owed by group undertakings

96,879

351,561

Other debtors

47,863

109,530

393,735

799,859

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

69,662

-

Hire purchase contracts (see note 8)

496,697

573,582

Trade creditors

301,769

231,696

Amounts owed to group undertakings

716,817

493,930

Taxation and social security

71,106

129,492

Other creditors

133,939

98,136

1,789,990

1,526,836

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

404,693

-

Hire purchase contracts (see note 8)

628,061

295,770

1,032,754

295,770

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

496,697

573,582

Between one and five years

628,061

295,770

1,124,758

869,352

Non-cancellable

operating leases

2025

2024

£

£

Within one year

360,000

360,000

Between one and five years

270,000

630,000

630,000

990,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

474,355

-

Hire purchase contracts

1,124,758

869,352

1,599,113

869,352

Barclays Bank PLC holds fixed and floating charges and negative pledges against all the property or undertaking of the company. There is also a composite cross guarantee that has been given to Barclays Bank PLC, as detailed in Note 12.

Liabilities under hire purchase are secured on the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Sally-Anne Hurn FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

12.	CONTINGENCIES

The company is a party to a composite cross guarantee given to Barclays Bank PLC between Daniel Charles Group Limited, Daniel Charles Construction Limited, Daniel Charles Aggregates Limited and Daniel Charles Surveys Limited.The amount outstanding at the year end was £474,355 (2024 - £Nil).

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Daniel Charles Group Limited.

The ultimate controlling party is Daniel Charles EOT Trustees Limited.