Company Registration No. 08385715 (England and Wales)
Castle Commercials (Tutbury) Limited
Unaudited accounts
for the year ended 28 February 2023
Castle Commercials (Tutbury) Limited
Unaudited accounts
Contents
Castle Commercials (Tutbury) Limited
Company Information
for the year ended 28 February 2023
Directors
Mr Leonard Smith
Mr Russell Bull
Company Number
08385715 (England and Wales)
Registered Office
501/502 FAULD LOWER COMPOUND
FAULD INDUSTRIAL ESTATE
FAULD
BURTON ON TRENT
DE13 9HS
Accountants
MBH Accounts Services Ltd
30 Lodge Road
Brereton
Rugeley
Staffordshire
WS15 1HG
Castle Commercials (Tutbury) Limited
Statement of financial position
as at 28 February 2023
Tangible assets
387,399
383,768
Cash at bank and in hand
465,564
293,257
Creditors: amounts falling due within one year
(315,151)
(252,300)
Net current assets
321,296
171,851
Total assets less current liabilities
708,695
555,619
Creditors: amounts falling due after more than one year
(108,204)
(154,832)
Provisions for liabilities
Deferred tax
(51,845)
(50,549)
Net assets
548,646
350,238
Called up share capital
2
2
Profit and loss account
548,644
350,236
Shareholders' funds
548,646
350,238
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by
Mr Leonard Smith
Director
Company Registration No. 08385715
Castle Commercials (Tutbury) Limited
Notes to the Accounts
for the year ended 28 February 2023
Castle Commercials (Tutbury) Limited is a private company, limited by shares, registered in England and Wales, registration number 08385715. The registered office is 501/502 FAULD LOWER COMPOUND, FAULD INDUSTRIAL ESTATE, FAULD, BURTON ON TRENT, DE13 9HS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 March 2022
100,000
87,188
406,878
1,425
1,696
597,187
Additions
-
70,000
18,500
-
213
88,713
At 28 February 2023
100,000
157,188
425,378
1,425
1,909
685,900
At 1 March 2022
-
73,493
137,773
1,051
1,102
213,419
Charge for the year
-
11,277
73,555
93
157
85,082
At 28 February 2023
-
84,770
211,328
1,144
1,259
298,501
At 28 February 2023
100,000
72,418
214,050
281
650
387,399
At 28 February 2022
100,000
13,695
269,105
374
594
383,768
Castle Commercials (Tutbury) Limited
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
160,883
120,894
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,580
7,662
Obligations under finance leases and hire purchase contracts
37,500
38,208
Trade creditors
3,740
13,508
Taxes and social security
103,165
38,263
Loans from directors
150,046
147,084
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
55,799
101,088
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).