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REGISTERED NUMBER: 05602769 (England and Wales)














CASTLE BUILDERS (ST. ALBANS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






CASTLE BUILDERS (ST. ALBANS) LIMITED (REGISTERED NUMBER: 05602769)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CASTLE BUILDERS (ST. ALBANS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: R J Scullion
L J Scullion





SECRETARY: Mrs M P Scullion





REGISTERED OFFICE: 61 West Hill Road
Luton
Bedfordshire
LU1 3LZ





REGISTERED NUMBER: 05602769 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

CASTLE BUILDERS (ST. ALBANS) LIMITED (REGISTERED NUMBER: 05602769)

STATEMENT OF FINANCIAL POSITION
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,995 33,538

CURRENT ASSETS
Debtors 6 76,395 67,087
Investments 7 99,579 -
Cash at bank 340,410 395,418
516,384 462,505
CREDITORS
Amounts falling due within one year 8 110,616 98,579
NET CURRENT ASSETS 405,768 363,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

435,763

397,464

PROVISIONS FOR LIABILITIES 7,499 6,372
NET ASSETS 428,264 391,092

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 428,164 390,992
SHAREHOLDERS' FUNDS 428,264 391,092

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CASTLE BUILDERS (ST. ALBANS) LIMITED (REGISTERED NUMBER: 05602769)

STATEMENT OF FINANCIAL POSITION - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





L J Scullion - Director


CASTLE BUILDERS (ST. ALBANS) LIMITED (REGISTERED NUMBER: 05602769)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Castle Builders (St Albans) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Store - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Investments
Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

4. EMPLOYEES AND DIRECTORS

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

CASTLE BUILDERS (ST. ALBANS) LIMITED (REGISTERED NUMBER: 05602769)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
Store machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2022 15,770 745 39,462 55,977
Additions - - 1,200 1,200
At 31 October 2023 15,770 745 40,662 57,177
DEPRECIATION
At 1 November 2022 - 738 21,701 22,439
Charge for year - 2 4,741 4,743
At 31 October 2023 - 740 26,442 27,182
NET BOOK VALUE
At 31 October 2023 15,770 5 14,220 29,995
At 31 October 2022 15,770 7 17,761 33,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,000 66,000
Other debtors 2,395 1,087
76,395 67,087

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 99,579 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,275 19,606
Taxation and social security 92,689 73,806
Other creditors 13,652 5,167
110,616 98,579

9. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. During the year, brought forward loans were repaid by the company in aggregate of £300. At the year end, the directors were owed £678.