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Registered number: 08179213
Castle Point Contract Services Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
S J Walker & Co
Chartered Certified Accountants
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08179213
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,694 43,593
32,694 43,593
CURRENT ASSETS
Stocks 18,412 119,714
Debtors 281,253 158,066
Cash at bank and in hand 23,631 1,122
323,296 278,902
Creditors: Amounts Falling Due Within One Year (164,151 ) (110,770 )
NET CURRENT ASSETS (LIABILITIES) 159,145 168,132
TOTAL ASSETS LESS CURRENT LIABILITIES 191,839 211,725
Creditors: Amounts Falling Due After More Than One Year (104,255 ) (196,371 )
NET ASSETS 87,584 15,354
CAPITAL AND RESERVES
Called up share capital 5 20 20
Profit and Loss Account 87,564 15,334
SHAREHOLDERS' FUNDS 87,584 15,354
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Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ryan Newnham
Director
5th April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Castle Point Contract Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08179213 . The registered office is 79 Wingletye Lane, Hornchurch, Essex, RM11 3AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Tangible Assets
Total
£
Cost
As at 1 September 2022 114,087
As at 31 August 2023 114,087
Depreciation
As at 1 September 2022 70,494
Provided during the period 10,899
As at 31 August 2023 81,393
Net Book Value
As at 31 August 2023 32,694
As at 1 September 2022 43,593
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5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 20 20
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2022 Amounts advanced Amounts repaid Amounts written off As at 31 August 2023
£ £ £ £ £
Mr Ryan Newnham 43,312 48,527 43,312 - 48,527
The above loan is unsecured, repayable on demand and interest is charged at 2.5% per annum.
7. Related Party Transactions
The company director and shareholder Mr R J Newnham is also a director and shareholder of Greenacres Essex Ltd. During the year ended 31st August 2023 Castle Point Contract Services Ltd made an interest free loan of £10,000 to Greenacres Essex Ltd. This loan was fully repaid in November 2023.
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