WCL Cranebrook Quarry Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05851648 (England and Wales)

WCL CRANEBROOK QUARRY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

8

DIRECTOR:

M Deadman

SECRETARY:

Mrs K A Winner

REGISTERED OFFICE:

Quarries House

2 Cobbett Road

Burntwood

Staffordshire

WS7 3GL

REGISTERED NUMBER:

05851648 (England and Wales)

FIXED ASSETS

Intangible assets

2

159,217

152,742

Tangible assets

3

275,616

1,886,749

Investment property

4

4,007,032

4,007,032

4,441,865

6,046,523

CURRENT ASSETS

Stocks

39,588

2,433

Debts

Funded bank account

2,139

27,088

2,139

27,088

Debtors

284,448

999,923

Cash at bank and in hand

52,360

31,334

378,535

1,060,778

CREDITORS

Amounts falling due within one year

955,865

562,919

NET CURRENT (LIABILITIES)/ASSETS

(577,330

)

497,859

TOTAL ASSETS LESS CURRENT LIABILITIES

3,864,535

6,544,382

CREDITORS

Amounts falling due after more than one year

5

(1,565,280

)

(2,048,653

)

PROVISIONS FOR LIABILITIES

(20,394

)

(172,436

)

NET ASSETS

2,278,861

4,323,293

CAPITAL AND RESERVES

Called up share capital

6

1

1

Revaluation reserve

1,599,192

1,740,884

Profit and loss account

679,668

2,582,408

SHAREHOLDERS' FUNDS

2,278,861

4,323,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 March 2016 and were signed by:

M Deadman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 31 December 2014

267,662

Additions

22,217

At 30 December 2015

289,879

AMORTISATION

At 31 December 2014

114,920

Amortisation for year

15,742

At 30 December 2015

130,662

NET BOOK VALUE

At 30 December 2015

159,217

At 30 December 2014

152,742

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 31 December 2014

2,875,209

Additions

281,016

Disposals

(2,798,649

)

Reclassification/transfer

(42,087

)

At 30 December 2015

315,489

DEPRECIATION

At 31 December 2014

988,460

Charge for year

20,798

Eliminated on disposal

(969,385

)

At 30 December 2015

39,873

NET BOOK VALUE

At 30 December 2015

275,616

At 30 December 2014

1,886,749

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 31 December 2014

and 30 December 2015

4,007,032

NET BOOK VALUE

At 30 December 2015

4,007,032

At 30 December 2014

4,007,032

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

1,337,280

1,463,923

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Share capital 2

1p

1

1

7.	ULTIMATE PARENT COMPANY

TwentyFive 8 Management Limited is regarded by the director as being the company's ultimate parent company.

8.	RELATED PARTY DISCLOSURES

WCL Ketley Quarry Limited

A company within the same group

During the year WCL Cranebrook Quarry Limited supplied goods and services to WCL Ketley Quarry Limited

totalling £503,336 (2014 - £863,409) and received goods and services from WCL Ketley Quarry Limited of

£Nil (2014 - £9,592)

No balances are outstanding at the year end.

2015

2014

£

£

Amount due from related party at the balance sheet date

-

409,629

Amounts written off during the year

(481,695

)

-

WCL Griff Quarry Limited

A Company within the same group

During the year WCL Cranebrook Quarry Limited supplied goods to WCL Griff Quarry Limited totalling

£286,439 (2014 - £244,251).

An inter-company loan exists between the two companies.

2015

2014

£

£

Amount due (to)/from related party at the balance sheet date

(213,806

)

153,822

WCL Haulage Limited

A company within the same group

During the year WCL Cranebrook Quarry Limited supplied goods to WCL Haulage Limited totalling £159,239

(2014 - £37,990).

During the year WCL Cranebrook Quarry Limited purchased goods from WCL Haulage totalling £300,873.

No balances are outstanding at the year end.

2015

2014

£

£

Amount due from related party at the balance sheet date

-

112,785

Amounts written off during the year

163,800

-

WCL Quarries Limited

The parent company

During the year WCL Cranebrook Quarry Limited disposed of fixed assets to WCL Quarries Limited, at a net

book value of £1,575,805.

During the year head office staff were transferred to WCL Quarries Limited.

During the year WCL Cranebrook Quarry Limited supplied goods to WCL Quarries Limited totalling £28,559.

An inter-company loan exists between the two companies.

2015

2014

£

£

Amount due to related party at the balance sheet date

386,645

13,117

Charlton Haynes Limited

A Company within the same group

During the year WCL Cranebrook Quarry Limited purchased goods and services from Charlton Haynes Limited

totalling £32,431.

Included in this amount are rental charges totalling £15,000.

An inter-company loan exists between the two companies.

2015

2014

£

£

Amount due from related party at the balance sheet date

92,738

200

SJ and K Winner

Shareholders of the ultimate holding company

During the year rent was charged to the company totalling £24,000.