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Registered number: 8907066

CASTLE PAINTING AND DECORATING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

CASTLE PAINTING AND DECORATING LIMITED

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
H Edwards-Akyuz
Z Akyuz
REGISTERED OFFICE
205 OUTGANG LANE
DINNINGTON
SHEFFIELD
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 8907066
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

CASTLE PAINTING AND DECORATING LIMITED

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

CASTLE PAINTING AND DECORATING LIMITED

BALANCE SHEET AT 28/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets319,05910,825
CURRENT ASSETS
Stock22,000-
Debtors517,02427,490
Cash at bank and in hand53,79927,897
92,82355,387
CREDITORS: Amounts falling due within one year6100,25264,380
NET CURRENT LIABILITIES(7,429)(8,993)
TOTAL ASSETS LESS CURRENT LIABILITIES11,6301,832
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account11,5301,732
SHAREHOLDERS' FUNDS11,6301,832
For the year ending 28/02/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/08/2024 and signed on their behalf by
.............................
H Edwards-Akyuz
Director

CASTLE PAINTING AND DECORATING LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

CASTLE PAINTING AND DECORATING LIMITED

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/03/20233,66222,43468526,781
Additions14213,75523214,129
At 28/02/20243,80436,18991740,910
Depreciation
At 01/03/20231,13414,66116115,956
For the year4005,3821135,895
At 28/02/20241,53420,04327421,851
Net Book Amounts
At 28/02/20242,27016,14664319,059
At 28/02/20232,5287,77352410,825
4. STOCK 20242023
££
Stock comprises:
Work in progress22,000-
22,000-
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors8,87621,240
PAYE control7141,326
Prepayments7,4344,924
17,02427,490

CASTLE PAINTING AND DECORATING LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax300-
VAT12,1323,960
Directors current account66,68434,311
Bank Loan17,50324,909
Trade creditors3,283-
Accruals3501,200
100,25264,380
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100