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REGISTERED NUMBER: 05649420 (England and Wales)















KASTRONIX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)






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


KASTRONIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S Winstanley



REGISTERED OFFICE: Unit 6 Stoneacre
Grimbald Crag Close
St James Business Park
Knaresborough
North Yorkshire
HG5 8PJ



REGISTERED NUMBER: 05649420 (England and Wales)



ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



BANKERS: National Westminster Bank Plc
3 Cambridge Crescent
Harrogate
North Yorkshire
HG1 1PE

KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 66,111 88,149
Tangible assets 5 7,040 4,428
Investments 6 120 120
73,271 92,697

CURRENT ASSETS
Stocks 395,766 518,314
Debtors 7 431,697 467,897
Cash at bank and in hand 4,023,651 3,549,166
4,851,114 4,535,377
CREDITORS
Amounts falling due within one year 8 359,974 486,373
NET CURRENT ASSETS 4,491,140 4,049,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,564,411

4,141,701

PROVISIONS FOR LIABILITIES 1,760 841
NET ASSETS 4,562,651 4,140,860

CAPITAL AND RESERVES
Called up share capital 67,983 67,983
Retained earnings 4,494,668 4,072,877
SHAREHOLDERS' FUNDS 4,562,651 4,140,860

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 director acknowledges his 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.

KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





S Winstanley - Director


KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)

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

1. STATUTORY INFORMATION

Kastronix 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Kastronix Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced value of services provided, excluding value added tax, adjusted for opening and closing amounts receivable under contracts and work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 Income Statement, 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.


KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)

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.

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 461,928
AMORTISATION
At 1 January 2023 373,779
Charge for year 22,038
At 31 December 2023 395,817
NET BOOK VALUE
At 31 December 2023 66,111
At 31 December 2022 88,149

KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 5,468 11,020 19,293 35,781
Additions - 206 6,442 6,648
At 31 December 2023 5,468 11,226 25,735 42,429
DEPRECIATION
At 1 January 2023 5,425 9,958 15,970 31,353
Charge for year 43 599 3,394 4,036
At 31 December 2023 5,468 10,557 19,364 35,389
NET BOOK VALUE
At 31 December 2023 - 669 6,371 7,040
At 31 December 2022 43 1,062 3,323 4,428

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 120
NET BOOK VALUE
At 31 December 2023 120
At 31 December 2022 120

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 346,244 404,581
Other debtors 85,453 63,316
431,697 467,897

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 142,415 221,541
Amounts owed to group undertakings 120 120
Taxation and social security 192,658 232,505
Other creditors 24,781 32,207
359,974 486,373

None of the creditors are secured.

KASTRONIX LIMITED (REGISTERED NUMBER: 05649420)

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

9. OTHER FINANCIAL COMMITMENTS

The company has total future commitments of £60,000.