Cast Tec Limited - Accounts to registrar (filleted) - small 23.2.5
Cast Tec Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2023 |
| for |
| Cast Tec Limited |
| Cast Tec Limited (Registered number: 04537351) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Cast Tec Limited |
| Company Information |
| for the Year Ended 30 September 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Kepier House |
| Belmont Business Park |
| Durham |
| DH1 1TW |
| Cast Tec Limited (Registered number: 04537351) |
| Balance Sheet |
| 30 September 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Cast Tec Limited (Registered number: 04537351) |
| Balance Sheet - continued |
| 30 September 2023 |
| 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 Board of Directors and authorised for issue on |
| Cast Tec Limited (Registered number: 04537351) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2023 |
| 1. | STATUTORY INFORMATION |
| Cast Tec Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| There were no material departures from that standard. |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue recognition |
| Income is recognised at point of sale. |
| Government grants |
| Revenue based grants have been credited to the profit and loss account in the period to which they relate. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Tangible fixed assets are measured at cost less accumulated depreciation and impairment. |
| Stocks |
| Stocks are valued at the lower of cost and selling price less costs to sell, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss. |
| 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. |
| Cast Tec Limited (Registered number: 04537351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 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 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. |
| 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 year was |
| Cast Tec Limited (Registered number: 04537351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 September 2023 |
| DEPRECIATION |
| At 1 October 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 September 2023 |
| NET BOOK VALUE |
| At 30 September 2023 |
| At 30 September 2022 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 October 2022 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2023 |
| DEPRECIATION |
| At 1 October 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 September 2023 |
| NET BOOK VALUE |
| At 30 September 2023 |
| At 30 September 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Cast Tec Limited (Registered number: 04537351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other loans |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Amounts owed to associates | 452,633 | 277,897 |
| Taxation and social security |
| Other creditors |
| Directors' loan accounts | 7,666 | 22,587 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts (see note 8) |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2023 | 2022 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 2023 | 2022 |
| £ | £ |
| Within one year |
| Between one and five years |
| Cast Tec Limited (Registered number: 04537351) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2023 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts | 95,132 | 30,555 |
| Other creditors | - | 85,572 |
| Hire purchase contracts are secured on the assets to which they relate. |
| Other creditors are secured over the assets to which they relate. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 26,824 | 19,265 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2022 |
| Charge to Profit and Loss Account during year |
| Balance at 30 September 2023 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2023 | 2022 |
| value: | £ | £ |
| A Ordinary | £1 | 5,000 | 5,000 |
| B Ordinary | £1 | 5,000 | 5,000 |
| 10,000 | 10,000 |
| 12. | RELATED PARTY DISCLOSURES |
| There were no related party transactions other than those concluded under normal market conditions other than those detailed below: |
| 2023 | 2022 |
| £ | £ |
| Amounts owed to the director | 7,666 | 22,587 |
| No interest was charged. |