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REGISTERED NUMBER: 01630485 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Caststitch Engineering Limited

Caststitch Engineering Limited (Registered number: 01630485)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Caststitch Engineering Limited (Registered number: 01630485)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,230 20,263

CURRENT ASSETS
Stocks 8,900 6,481
Debtors 5 421,413 508,766
Cash at bank and in hand 102,134 124,660
532,447 639,907
CREDITORS
Amounts falling due within one year 6 (64,399 ) (178,665 )
NET CURRENT ASSETS 468,048 461,242
TOTAL ASSETS LESS CURRENT LIABILITIES 485,278 481,505

PROVISIONS FOR LIABILITIES (3,342 ) (3,296 )
NET ASSETS 481,936 478,209

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 480,936 477,209
SHAREHOLDERS' FUNDS 481,936 478,209

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.

Caststitch Engineering Limited (Registered number: 01630485)

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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




Mr M Ogden - Director



Mr J S Williamson - Director


Caststitch Engineering Limited (Registered number: 01630485)

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

1. STATUTORY INFORMATION

Caststitch Engineering 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: 01630485

Registered office: Unit 18
Daneside Business Park
Riverdane Road
Congleton
Cheshire
CW12 1UN

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, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods.

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 reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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 and 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.


Caststitch Engineering Limited (Registered number: 01630485)

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 193,132 9,410 44,377 246,919
Additions - 1,091 - 1,091
At 31 December 2023 193,132 10,501 44,377 248,010
DEPRECIATION
At 1 January 2023 185,871 6,146 34,639 226,656
Charge for year 1,452 725 1,947 4,124
At 31 December 2023 187,323 6,871 36,586 230,780
NET BOOK VALUE
At 31 December 2023 5,809 3,630 7,791 17,230
At 31 December 2022 7,261 3,264 9,738 20,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 116,940 89,735
Amounts owed by group undertakings 299,036 416,827
Other debtors 5,437 2,204
421,413 508,766

Caststitch Engineering Limited (Registered number: 01630485)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,190 8,254
Taxation and social security 61,007 55,379
Other creditors 1,202 115,032
64,399 178,665