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REGISTERED NUMBER: 05561022 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CASTLE DONINGTON SERVICE CENTRE LIMITED

CASTLE DONINGTON SERVICE CENTRE LIMITED (REGISTERED NUMBER: 05561022)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASTLE DONINGTON SERVICE CENTRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr K Griffiths
Mrs S Griffiths





Registered office: 101 Bondgate
Castle Donington
Derbyshire
DE74 2NZ





Registered number: 05561022 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

CASTLE DONINGTON SERVICE CENTRE LIMITED (REGISTERED NUMBER: 05561022)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 366,377 380,806
Investments 6 4,371 -
370,748 380,806

Current assets
Stocks 7 1,850 1,850
Debtors 8 137,473 118,465
Cash at bank and in hand 39,262 64,056
178,585 184,371
Creditors
Amounts falling due within one year 9 (165,502 ) (131,520 )
Net current assets 13,083 52,851
Total assets less current liabilities 383,831 433,657

Creditors
Amounts falling due after more than one
year

10

(200,000

)

(200,000

)

Provisions for liabilities (12,745 ) (13,990 )
Net assets 171,086 219,667

Capital and reserves
Called up share capital 60 60
Retained earnings 171,026 219,607
Shareholders' funds 171,086 219,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 DONINGTON SERVICE CENTRE LIMITED (REGISTERED NUMBER: 05561022)

BALANCE SHEET - continued
31 MARCH 2024


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 20 August 2024 and were signed on its behalf by:





Mr K Griffiths - Director


CASTLE DONINGTON SERVICE CENTRE LIMITED (REGISTERED NUMBER: 05561022)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

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

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 5 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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.

Freehold property - 30 years
Plant and machinery - 10% reducing balance
Fixtures and fittings - 10% reducing balance
Motor vehicles - 30% 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.

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 DONINGTON SERVICE CENTRE LIMITED (REGISTERED NUMBER: 05561022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 April 2023
and 31 March 2024 120,933
Amortisation
At 1 April 2023
and 31 March 2024 120,933
Net book value
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 April 2023 406,840 78,418 11,130 22,941 519,329
Additions - 4,011 110 1,400 5,521
At 31 March 2024 406,840 82,429 11,240 24,341 524,850
Depreciation
At 1 April 2023 85,406 28,674 5,915 18,528 138,523
Charge for year 13,367 5,145 532 906 19,950
At 31 March 2024 98,773 33,819 6,447 19,434 158,473
Net book value
At 31 March 2024 308,067 48,610 4,793 4,907 366,377
At 31 March 2023 321,434 49,744 5,215 4,413 380,806

CASTLE DONINGTON SERVICE CENTRE LIMITED (REGISTERED NUMBER: 05561022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£
Cost
Additions 4,371
At 31 March 2024 4,371
Net book value
At 31 March 2024 4,371

7. STOCKS
2024 2023
£ £
Stocks 1,850 1,850

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 22,656 21,453
Other debtors 112,610 94,618
Tax - 533
Prepayments and accrued income 2,207 1,861
137,473 118,465

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 32,549 38,389
Tax 5,068 -
Social security and other taxes 7,228 6,855
VAT 16,642 17,017
Other creditors 27,488 -
Accruals 2,000 2,000
Directors' loan accounts 74,527 67,259
165,502 131,520

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other loans - 2-5 years 200,000 200,000

11. RELATED PARTY DISCLOSURES

At the year end £112,610 (2023: £94,618) was owed by Weston Property Management Limited, a company under the same ownership. Management charges of £20,000 (2023: £20,000) were received from Weston Property Management Limited during the year.