Mine & Quarry Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12228115 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

MINE & QUARRY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A McCullough

Ms S Napierska

REGISTERED OFFICE:

St Breock Downs Farm

St Breock

Wadebridge

Cornwall

PL27 7LG

REGISTERED NUMBER:

12228115 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

118,997

6,503

CURRENT ASSETS

Stocks

45,562

-

Debtors

5

21,626

3,996

Cash at bank

104,744

64,335

171,932

68,331

CREDITORS

Amounts falling due within one year

6

108,322

70,708

NET CURRENT ASSETS/(LIABILITIES)

63,610

(2,377

)

TOTAL ASSETS LESS CURRENT LIABILITIES

182,607

4,126

CREDITORS

Amounts falling due after more than one year

7

(64,752

)

-

PROVISIONS FOR LIABILITIES

(22,609

)

(1,236

)

NET ASSETS

95,246

2,890

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

95,146

2,790

95,246

2,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 17 November 2021 and were signed on its behalf by:

T A McCullough - Director

Ms S Napierska - Director

1.	STATUTORY INFORMATION

Mine & Quarry Services 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.

Plant and machinery

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 October 2020

8,700

Additions

134,753

At 30 September 2021

143,453

DEPRECIATION

At 1 October 2020

2,197

Charge for year

22,259

At 30 September 2021

24,456

NET BOOK VALUE

At 30 September 2021

118,997

At 30 September 2020

6,503

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

17,654

3,996

Prepayments

3,972

-

21,626

3,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

48,333

50,000

Hire purchase contracts

18,070

-

Trade creditors

1,001

1

Tax

5,919

394

Social security and other taxes

12,499

2,209

Directors' current accounts

20,720

17,404

Accrued expenses

1,780

700

108,322

70,708

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Hire purchase contracts

64,752

-