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REGISTERED NUMBER: 04268042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Castle Fire Limited

Castle Fire Limited (Registered number: 04268042)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Castle Fire Limited (Registered number: 04268042)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 224,203 191,556
224,203 191,556

CURRENT ASSETS
Stocks 74,777 89,297
Debtors 6 335,729 375,238
Cash at bank and in hand 117,701 2,142
528,207 466,677
CREDITORS
Amounts falling due within one year 7 384,143 342,359
NET CURRENT ASSETS 144,064 124,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,267

315,874

CREDITORS
Amounts falling due after more than one
year

8

(54,295

)

(45,849

)

PROVISIONS FOR LIABILITIES (42,599 ) (36,396 )
NET ASSETS 271,373 233,629

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 271,253 233,509
271,373 233,629

Castle Fire Limited (Registered number: 04268042)

Balance Sheet - continued
31 October 2023


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.

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 1 February 2024 and were signed on its behalf by:





C Rhodes - Director


Castle Fire Limited (Registered number: 04268042)

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

1. STATUTORY INFORMATION

Castle Fire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04268042

Registered office: Ghyll Mill
Beehive Lane
New Hutton
Kendal
LA8 0AJ

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.

Goodwill
Goodwill on the acquisition of the business has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 20% on cost
Motor vehicles - 20% on cost

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 Statement of Income and Retained Earnings, 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.


Castle Fire Limited (Registered number: 04268042)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 120,000
AMORTISATION
At 1 November 2022
and 31 October 2023 120,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Castle Fire Limited (Registered number: 04268042)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 48,901 8,883 294,284 352,068
Additions 10,253 3,867 94,095 108,215
Disposals - - (51,213 ) (51,213 )
At 31 October 2023 59,154 12,750 337,166 409,070
DEPRECIATION
At 1 November 2022 33,694 8,757 118,061 160,512
Charge for year 7,857 547 52,959 61,363
Eliminated on disposal - - (37,008 ) (37,008 )
At 31 October 2023 41,551 9,304 134,012 184,867
NET BOOK VALUE
At 31 October 2023 17,603 3,446 203,154 224,203
At 31 October 2022 15,207 126 176,223 191,556

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 297,690 350,049
Amounts recoverable on
contracts in progress 12,897 4,770
Other debtors 25,142 20,419
335,729 375,238

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts - 36,449
Hire purchase contracts 67,983 56,077
Trade creditors 113,278 87,427
Taxation and social security 74,149 51,493
Other creditors 128,733 110,913
384,143 342,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 54,295 45,849