Finished Bulk Aggregates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02888980 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 FEBRUARY 2020 TO 31 MAY 2021

FOR

FINISHED BULK AGGREGATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M W Starsmore

REGISTERED OFFICE:

Wolsley House

108 Saltergate

Chesterfield

Derbyshire

S40 1NE

REGISTERED NUMBER:

02888980 (England and Wales)

AUDITORS:

Marriott Gibbs Rees Wallis Limited

Statutory Auditor

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

4

-

228,576

CURRENT ASSETS

Stocks

-

36,370

Debtors

5

43,293

94,791

Cash at bank

37,158

39,232

80,451

170,393

CREDITORS

Amounts falling due within one year

6

80,348

145,655

NET CURRENT ASSETS

103

24,738

TOTAL ASSETS LESS CURRENT LIABILITIES

103

253,314

PROVISIONS FOR LIABILITIES

-

17,600

NET ASSETS

103

235,714

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

3

235,614

103

235,714

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2022 and were signed by:

M W Starsmore - Director

1.	STATUTORY INFORMATION

Finished Bulk 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.

Going Concern

The company ceased trading on 31 May 2021. The director has concluded that the company is no longer a going concern and the accounts have been prepared on a winding up basis measuring assets and liabilities at their recoverable amounts.

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 etc

-

15% on cost

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

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 period was 2 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2020

1,167,758

Disposals

(1,167,758

)

At 31 May 2021

-

DEPRECIATION

At 1 February 2020

939,182

Charge for period

78,693

Eliminated on disposal

(1,017,875

)

At 31 May 2021

-

NET BOOK VALUE

At 31 May 2021

-

At 31 January 2020

228,576

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

(Unaudited)

£

£

Trade debtors

-

93,445

Amounts owed by group undertakings

43,293

-

Other debtors

-

1,346

43,293

94,791

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

(Unaudited)

£

£

Trade creditors

900

21,181

Amounts owed to group undertakings

-

74,162

Corporation tax

44,880

26,076

Social security and other taxes

-

3,224

VAT

31,318

14,328

Other creditors

3,250

6,684

80,348

145,655

7.

RESERVES

Retained

earnings

£

At 1 February 2020

235,614

Profit for the period

116,439

Dividends

(352,050

)

At 31 May 2021

3

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

The Report of the Auditors was unqualified.

Alan Pickstone FCCA (Senior Statutory Auditor)

for and on behalf of Marriott Gibbs Rees Wallis Limited

Emphasis of matter - accounts prepared on a basis other than going concern

We draw attention to Note 2 to the financial statements which explains that the company has ceased trading and the director does not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

Other matters we are required to address

Comparative information in the financial statements is derived from the company's prior period financial statements which were not audited.