IRIS Accounts Production v24.1.0.578 01504062 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015040622022-12-31015040622023-12-31015040622023-01-012023-12-31015040622021-12-31015040622022-01-012022-12-31015040622022-12-3101504062ns15:EnglandWales2023-01-012023-12-3101504062ns14:PoundSterling2023-01-012023-12-3101504062ns10:Director12023-01-012023-12-3101504062ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101504062ns10:SmallEntities2023-01-012023-12-3101504062ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101504062ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101504062ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101504062ns10:FullAccounts2023-01-012023-12-3101504062ns5:CurrentFinancialInstruments2023-12-3101504062ns5:CurrentFinancialInstruments2022-12-3101504062ns5:ShareCapital2023-12-3101504062ns5:ShareCapital2022-12-3101504062ns5:CapitalRedemptionReserve2023-12-3101504062ns5:CapitalRedemptionReserve2022-12-3101504062ns5:RetainedEarningsAccumulatedLosses2023-12-3101504062ns5:RetainedEarningsAccumulatedLosses2022-12-3101504062ns10:RegisteredOffice2023-01-012023-12-3101504062ns5:LeaseholdImprovements2023-01-012023-12-3101504062ns5:PlantMachinery2023-01-012023-12-3101504062ns5:FurnitureFittings2023-01-012023-12-3101504062ns5:MotorVehicles2023-01-012023-12-3101504062ns5:LeaseholdImprovements2022-12-3101504062ns5:PlantMachinery2022-12-3101504062ns5:FurnitureFittings2022-12-3101504062ns5:MotorVehicles2022-12-3101504062ns5:LeaseholdImprovements2023-12-3101504062ns5:PlantMachinery2023-12-3101504062ns5:FurnitureFittings2023-12-3101504062ns5:MotorVehicles2023-12-3101504062ns5:LeaseholdImprovements2022-12-3101504062ns5:PlantMachinery2022-12-3101504062ns5:FurnitureFittings2022-12-3101504062ns5:MotorVehicles2022-12-3101504062ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101504062ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31015040621ns10:Director12022-12-31015040621ns10:Director12021-12-31015040621ns10:Director12023-01-012023-12-31015040621ns10:Director12022-01-012022-12-31015040621ns10:Director12023-12-31015040621ns10:Director12022-12-3101504062ns10:Director22023-01-012023-12-3101504062ns10:Director222022-12-3101504062ns10:Director222021-12-3101504062ns10:Director222023-01-012023-12-3101504062ns10:Director222022-01-012022-12-3101504062ns10:Director222023-12-3101504062ns10:Director222022-12-31
REGISTERED NUMBER: 01504062 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CASTLE CLAYSALES LIMITED

CASTLE CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


CASTLE CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 128,930 112,885

CURRENT ASSETS
Stocks 32,000 48,000
Debtors 5 513,907 1,026,140
Cash at bank and in hand 214,931 401,871
760,838 1,476,011
CREDITORS
Amounts falling due within one year 6 (490,872 ) (1,063,821 )
NET CURRENT ASSETS 269,966 412,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,896

525,075

PROVISIONS FOR LIABILITIES (19,018 ) (16,705 )
NET ASSETS 379,878 508,370

CAPITAL AND RESERVES
Called up share capital 425 425
Capital redemption reserve 346 346
Retained earnings 379,107 507,599
379,878 508,370

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 1 May 2024 and were signed on its behalf by:





C M Rhodes - Director


CASTLE CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Castle Claysales 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: 01504062

Registered office: Florida Close
Hot Lane Industrial Estate
Stoke-On-Trent
Staffordshire
ST6 2DJ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

ESTIMATED USEFUL LIVES AND RESIDUAL VALUES OF FIXED ASSETS
As described in the notes to the financial statements, depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

CASTLE CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% reducing balance
Fixtures and fittings - 50% on cost and 10% reducing balance
Motor vehicles - 25% reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

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 statement of financial position date.


CASTLE CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 statement of financial position 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.

DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 29,207 299,387 217,390 - 545,984
Additions - 8,500 2,307 30,680 41,487
At 31 December 2023 29,207 307,887 219,697 30,680 587,471
DEPRECIATION
At 1 January 2023 29,207 213,999 189,893 - 433,099
Charge for year - 17,688 3,488 4,266 25,442
At 31 December 2023 29,207 231,687 193,381 4,266 458,541
NET BOOK VALUE
At 31 December 2023 - 76,200 26,316 26,414 128,930
At 31 December 2022 - 85,388 27,497 - 112,885

CASTLE CLAYSALES LIMITED (REGISTERED NUMBER: 01504062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 331,352 719,009
Other debtors 182,555 307,131
513,907 1,026,140

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 392,011 886,440
Taxation and social security 78,590 101,401
Other creditors 20,271 75,980
490,872 1,063,821

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
C M Rhodes
Balance outstanding at start of year 128,324 106,567
Amounts advanced 71,041 131,358
Amounts repaid (133,425 ) (109,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,940 128,324

J Rhodes
Balance outstanding at start of year 128,324 106,567
Amounts advanced 71,041 131,358
Amounts repaid (133,425 ) (109,601 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,940 128,324

The advance is unsecured, repayable on demand and interest free.

8. RELATED PARTY DISCLOSURES

All transactions undertaken with connected companies are deemed to be conducted under normal market conditions and/or are not material.