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Company Registration No. 08433319 (England and Wales)
Castor Sound Limited Unaudited accounts for the year ended 31 March 2023
Castor Sound Limited Unaudited accounts Contents
Page
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Castor Sound Limited Company Information for the year ended 31 March 2023
Director
Jane Scutt
Secretary
Jane Scutt
Company Number
08433319 (England and Wales)
Registered Office
54 PETERBOROUGH ROAD CASTOR PETERBOROUGH PE5 7AL
Accountants
ASTON STEELE Aston House Cotchford Hill, Hartfield Sussex TN7 4HA
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Castor Sound Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
972 
802 
Current assets
Debtors
1,186 
5,454 
Cash at bank and in hand
123,195 
93,096 
124,381 
98,550 
Creditors: amounts falling due within one year
(51,528)
(44,166)
Net current assets
72,853 
54,384 
Total assets less current liabilities
73,825 
55,186 
Provisions for liabilities
Deferred tax
(250)
- 
Net assets
73,575 
55,186 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,475 
55,086 
Shareholders' funds
73,575 
55,186 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Jane Scutt Director Company Registration No. 08433319
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Castor Sound Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Castor Sound Limited is a private company, limited by shares, registered in England and Wales, registration number 08433319. The registered office is 54 PETERBOROUGH ROAD, CASTOR, PETERBOROUGH, PE5 7AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Castor Sound Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
4,014 
Additions
649 
Disposals
(2,336)
At 31 March 2023
2,327 
Depreciation
At 1 April 2022
3,212 
Charge for the year
479 
On disposals
(2,336)
At 31 March 2023
1,355 
Net book value
At 31 March 2023
972 
At 31 March 2022
802 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
990 
5,454 
Accrued income and prepayments
196 
- 
1,186 
5,454 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
164 
60 
Taxes and social security
5,116 
2,062 
Loans from directors
45,085 
40,999 
Accruals
1,163 
1,045 
51,528 
44,166 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
250 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
250 
- 
Provision at end of year
250 
- 
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Castor Sound Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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