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REGISTERED NUMBER: 08624810 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Castleford JV Limited

Castleford JV Limited (Registered number: 08624810)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castleford JV Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr S H Vinta
Dr A Bizwas
N M Fenny
M Akudi





REGISTERED OFFICE: 119 Carlton Street
Castleford
West Yorkshire
WF10 1DX





REGISTERED NUMBER: 08624810 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Castleford JV Limited (Registered number: 08624810)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 630,627 -
Tangible assets 5 37,507 25,871
668,134 25,871

CURRENT ASSETS
Stocks 55,708 31,252
Debtors 6 470,002 505,597
Cash at bank and in hand 222,941 314,842
748,651 851,691
CREDITORS
Amounts falling due within one year 7 320,898 251,273
NET CURRENT ASSETS 427,753 600,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,095,887

626,289

CREDITORS
Amounts falling due after more than one year 8 (533,915 ) (10,057 )

PROVISIONS FOR LIABILITIES (4,693 ) (2,580 )
NET ASSETS 557,279 613,652

CAPITAL AND RESERVES
Called up share capital 250,001 250,001
Share premium 2,499 2,499
Retained earnings 304,779 361,152
SHAREHOLDERS' FUNDS 557,279 613,652

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.

Castleford JV Limited (Registered number: 08624810)

Balance Sheet - 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 5 August 2024 and were signed on its behalf by:





M Akudi - Director


Castleford JV Limited (Registered number: 08624810)

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

1. STATUTORY INFORMATION

Castleford JV 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.

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 comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Counter sales and prescriptions are recognised when the goods are dispensed.

Goodwill
Goodwill has not been amortised this year as we have judged that there has not been any impairment to goodwill in this year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Straight line over 3 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - Over the term of the lease
Computer equipment - Straight line over 3 years

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.


Castleford JV Limited (Registered number: 08624810)

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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 630,627
At 31 December 2023 630,627
NET BOOK VALUE
At 31 December 2023 630,627

Castleford JV Limited (Registered number: 08624810)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 46,411 39,488 18,312 7,627 111,838
Additions - 8,900 19,214 - 28,114
Disposals (46,411 ) - (18,312 ) - (64,723 )
At 31 December 2023 - 48,388 19,214 7,627 75,229
DEPRECIATION
At 1 January 2023 46,411 26,201 5,839 7,516 85,967
Charge for year - 3,414 4,142 111 7,667
Eliminated on disposal (46,411 ) - (9,501 ) - (55,912 )
At 31 December 2023 - 29,615 480 7,627 37,722
NET BOOK VALUE
At 31 December 2023 - 18,773 18,734 - 37,507
At 31 December 2022 - 13,287 12,473 111 25,871

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 18,312
Additions 19,214
Disposals (18,312 )
At 31 December 2023 19,214
DEPRECIATION
At 1 January 2023 5,839
Charge for year 4,142
Eliminated on disposal (9,501 )
At 31 December 2023 480
NET BOOK VALUE
At 31 December 2023 18,734
At 31 December 2022 12,473

Castleford JV Limited (Registered number: 08624810)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 159,264 131,112
Other debtors 310,738 374,485
470,002 505,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 42,823 -
Hire purchase contracts (see note 9) 1,057 2,416
Trade creditors 224,986 225,476
Taxation and social security 44,515 16,634
Other creditors 7,517 6,747
320,898 251,273

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 522,021 -
Hire purchase contracts (see note 9) 11,894 10,057
533,915 10,057

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 313,150 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 1,057 2,416
Between one and five years 11,894 10,057
12,951 12,473

Castleford JV Limited (Registered number: 08624810)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 2,496 12,084
Between one and five years 16,138 -
18,634 12,084

10. SECURED DEBTS

Lloyds Bank Plc hold fixed and floating charges over property and assets of the company. This also contains a negative pledge.