AGGREGATES R US LTD

AGGREGATES R US LTD

AGGREGATES R US LTD - Company Information

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AGGREGATES R US LTD

Company Registration Number:
06573489 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

AGGREGATES R US LTD

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

AGGREGATES R US LTD

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 18,622 13,999
Tangible assets: 4 1,859,128 1,225,636
Investments: 5 3,007,820 0
Total fixed assets: 4,885,570 1,239,635
Current assets
Stocks: 295,044 130,092
Debtors: 6 2,466,582 2,153,158
Cash at bank and in hand: 504,952 1,351,848
Total current assets: 3,266,578 3,635,098
Creditors: amounts falling due within one year: 7 (4,233,039) (3,202,415)
Net current assets (liabilities): (966,461) 432,683
Total assets less current liabilities: 3,919,109 1,672,318
Creditors: amounts falling due after more than one year: 8 (1,884,878) (135,009)
Provision for liabilities: (211,290) (85,730)
Total net assets (liabilities): 1,822,941 1,451,579
Capital and reserves
Called up share capital: 220,004 220,002
Profit and loss account: 1,602,937 1,231,577
Shareholders funds: 1,822,941 1,451,579

The notes form part of these financial statements

AGGREGATES R US LTD

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2021
and signed on behalf of the board by:

Name: M R Robinson
Status: Director

The notes form part of these financial statements

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:Improvements to Property Over the term of the leasePlant and Machinery 10% CostFixtures and Fittings 25% costMotor Vehicles 25% reducing balance

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.Computer software is being amortised evenly over its estimated useful life of ten years.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving items.

Other accounting policies

GOVERNMENT GRANTSGovernment grants relating to furloughing of employees under Covid-19 legislation are treated as revenue grants and credited to income, so as to match them with the expenditure to which they relate. They are included in other income in the profit and loss in the period in which they are received.INVESTMENTS IN SUBSIDIARIESInvestments in subsidiaries are recognised at cost.HIRE PURCHASE AND LEASINGAssets obtained under hire purchase contracts are capitalised in the balance sheet and depreciated over their estimated useful lives.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.

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 40 42

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Intangible Assets

Total
Cost £
At 01 January 2020 23,770
Additions 7,000
At 31 December 2020 30,770
Amortisation
At 01 January 2020 9,771
Charge for year 2,377
At 31 December 2020 12,148
Net book value
At 31 December 2020 18,622
At 31 December 2019 13,999

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Tangible Assets

Total
Cost £
At 01 January 2020 2,057,150
Additions 786,625
At 31 December 2020 2,843,775
Depreciation
At 01 January 2020 831,514
Charge for year 153,133
At 31 December 2020 984,647
Net book value
At 31 December 2020 1,859,128
At 31 December 2019 1,225,636

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Fixed investments

Shares in Group UndertakingsAdditions 3007820Cost and Net Book Value at 31 December 2020 3007820

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

6. Debtors

2020 2019
££
Debtors due after more than one year: 0 0

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

7. Creditors: amounts falling due within one year note

....................................................................2020 2019Bank Borrowings 38889 42022Hire Purchase 188946 18346Trade Creditors 2465557 2122000Owed to Group 650000 0Tax and Social Security 30654 220076Other Creditors 858993 799971

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

8. Creditors: amounts falling due after more than one year note

..........................................................2020 2019Bank Borrowings 299258 80649Hire Purchase 585620 54360Other Creditors 1000000 0

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

9. Loans to directors

Name of director receiving advance or credit: M R Robinson
Description of the loan: Director's Current Account
£
Balance at 01 January 2020 27,700
Advances or credits repaid: 27,700
Balance at 31 December 2020 0

During the year beneficial loan interest was charged of £173 (2019- £221) at 2.25% and 2.5% on the overdrawn balance.

AGGREGATES R US LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

10. Related party transactions

Name of the related party:
Relationship:
Common Control
Description of the Transaction: Loan Account
£
Balance at 01 January 2020 0
Balance at 31 December 2020 142,721
Name of the related party:
Relationship:
Common Control
Description of the Transaction: Loan Account
£
Balance at 01 January 2020 0
Balance at 31 December 2020 650,000
Name of the related party:
Relationship:
Common Control
Description of the Transaction: Trade Creditors
£
Balance at 01 January 2020 654,936
Balance at 31 December 2020 634,125
Name of the related party:
Relationship:
Common Control
Description of the Transaction: Trade debtors
£
Balance at 01 January 2020 364,907
Balance at 31 December 2020 536,018