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REGISTERED NUMBER: SC318152 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Castlepark Autobody Ltd

Castlepark Autobody Ltd (Registered number: SC318152)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castlepark Autobody Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: K Junor
N Rennie





SECRETARY: N Rennie





REGISTERED OFFICE: 20 Castle Street
Castlepark Industrial Estate
Ellon
Aberdeenshire
AB41 9RF





REGISTERED NUMBER: SC318152 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA

Castlepark Autobody Ltd (Registered number: SC318152)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,206 25,346

CURRENT ASSETS
Stocks 500 500
Debtors 5 239 -
Cash at bank 92,271 70,904
93,010 71,404
CREDITORS
Amounts falling due within one year 6 85,048 48,599
NET CURRENT ASSETS 7,962 22,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,168

48,151

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,166 48,149
SHAREHOLDERS' FUNDS 31,168 48,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Castlepark Autobody Ltd (Registered number: SC318152)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:




N Rennie - Director



K Junor - Director


Castlepark Autobody Ltd (Registered number: SC318152)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Castlepark Autobody Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

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.

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.

Castlepark Autobody Ltd (Registered number: SC318152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 31,379 2,936 65,495 325 100,135
Additions 5,595 - - - 5,595
At 31 March 2023 36,974 2,936 65,495 325 105,730
DEPRECIATION
At 1 April 2022 24,417 2,375 47,730 267 74,789
Charge for year 3,140 140 4,441 14 7,735
At 31 March 2023 27,557 2,515 52,171 281 82,524
NET BOOK VALUE
At 31 March 2023 9,417 421 13,324 44 23,206
At 31 March 2022 6,962 561 17,765 58 25,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 239 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 3,667
Trade creditors 52,795 13,499
Tax 6,988 7,470
VAT - 4,540
Other creditors 3,182 280
Directors' current accounts 18,733 14,793
Accrued expenses 3,350 4,350
85,048 48,599