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Unaudited Financial Statements |
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for the Year Ended 31st December 2016 |
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Chorley Sand & Aggregates Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st December 2016 |
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for |
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Chorley Sand & Aggregates Limited |
Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Contents of the Financial Statements |
for the year ended 31st December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chorley Sand & Aggregates Limited |
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Company Information |
for the year ended 31st December 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Black Bull House |
353-355 Station Road |
Bamber Bridge |
Preston |
Lancashire |
PR5 6EE |
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BANKERS: |
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2-6 Market Street |
Wigan |
WNA 1JN |
Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Balance Sheet |
31st December 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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
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(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. |
Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Balance Sheet - continued |
31st December 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Notes to the Financial Statements |
for the year ended 31st December 2016 |
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1. | STATUTORY INFORMATION |
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Chorley Sand & Aggregates Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of good and services, excluding value added tax. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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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. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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. |
Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Notes to the Financial Statements - continued |
for the year ended 31st December 2016 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st January 2016 |
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Additions |
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Disposals |
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At 31st December 2016 |
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DEPRECIATION |
At 1st January 2016 |
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Charge for year |
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Eliminated on disposal |
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At 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Notes to the Financial Statements - continued |
for the year ended 31st December 2016 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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COST |
At 1st January 2016 |
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Additions |
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Disposals | ( |
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Transfer to ownership | (42,007 | ) |
At 31st December 2016 |
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DEPRECIATION |
At 1st January 2016 |
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Charge for year |
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Eliminated on disposal | ( |
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Transfer to ownership | (18,378 | ) |
At 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Chorley Sand & Aggregates Limited (Registered number: 03827793) |
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Notes to the Financial Statements - continued |
for the year ended 31st December 2016 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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Hire purchase contracts | 588,871 | 696,425 |
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The bank borrowing is secured by a fixed and floating charge over the assets of the company. |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31st December 2016 and |
31st December 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest is charged by the company at 3% (2015 - 4%) on all outstanding directors' loan account balances. |
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10. | RELATED PARTY DISCLOSURES |
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Ashburn Brothers Limited is a company related by common control. At 31st December 2016 £11,263 (2015 - £11,263) was |
due to Ashburn Brothers Limited and is included on Other Creditors. |
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S & I Investments Limited is company related by common control. As at 31st December 2016 £46,303 (2015 - £47,303) |
was due to Chorley Sand Limited and is included in Other Debtors. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company was under the ultimate control of the directors. |