BrightAccountsProduction v1.0.0 v1.0.0 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of the manufacture of concrete products for construction. 9 May 2024 3 3 NI652670 2023-12-31 NI652670 2022-12-31 NI652670 2021-12-31 NI652670 2023-01-01 2023-12-31 NI652670 2022-01-01 2022-12-31 NI652670 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI652670 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI652670 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI652670 uk-bus:FullAccounts 2023-01-01 2023-12-31 NI652670 uk-core:ShareCapital 2023-12-31 NI652670 uk-core:ShareCapital 2022-12-31 NI652670 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI652670 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI652670 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI652670 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI652670 uk-bus:FRS102 2023-01-01 2023-12-31 NI652670 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI652670 uk-core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 NI652670 uk-core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 NI652670 uk-core:CurrentFinancialInstruments 2023-12-31 NI652670 uk-core:CurrentFinancialInstruments 2022-12-31 NI652670 uk-core:WithinOneYear 2023-12-31 NI652670 uk-core:WithinOneYear 2022-12-31 NI652670 uk-core:AfterOneYear 2023-12-31 NI652670 uk-core:AfterOneYear 2022-12-31 NI652670 uk-core:EmployeeBenefits 2022-12-31 NI652670 uk-core:EmployeeBenefits 2023-01-01 2023-12-31 NI652670 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI652670 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-12-31 NI652670 uk-core:OtherDeferredTax 2023-12-31 NI652670 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-12-31 NI652670 uk-core:EmployeeBenefits 2023-12-31 NI652670 uk-core:ParentEntities 2023-01-01 2023-12-31 NI652670 2023-01-01 2023-12-31 NI652670 uk-bus:Director1 2023-01-01 2023-12-31 NI652670 uk-bus:Director2 2023-01-01 2023-12-31 NI652670 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI652670
 
 
Castle Paving Products Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Castle Paving Products Ltd
Company Registration Number: NI652670
BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 54,871 10,136
───────── ─────────
 
Current Assets
Stocks 5 445,565 415,481
Debtors 6 19,883 98,775
Cash and cash equivalents 94,477 46,528
───────── ─────────
559,925 560,784
───────── ─────────
Creditors: amounts falling due within one year 7 (197,755) (138,086)
───────── ─────────
Net Current Assets 362,170 422,698
───────── ─────────
Total Assets less Current Liabilities 417,041 432,834
 
Creditors:
amounts falling due after more than one year 8 (396,108) (428,114)
 
Provisions for liabilities 9 (10,425) (1,925)
───────── ─────────
Net Assets 10,508 2,795
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 10,408 2,695
───────── ─────────
Equity attributable to owners of the company 10,508 2,795
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 9 May 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Shauna O'Neill     Damian O'Neill
Director     Director
           



Castle Paving Products Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Castle Paving Products Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 25a Aghascrebagh Road, Greencastle, Omagh, Co Tyrone, BT79 8HJ, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is that of the manufacture of concrete products for construction. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing balance
  Website - 33% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
  2023 2022
  Number Number
 
Employees 3 3
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Website Total
  machinery fittings and    
    equipment    
  £ £ £ £
Cost
At 1 January 2023 - 12,450 6,270 18,720
Additions 55,672 4,833 - 60,505
  ───────── ───────── ───────── ─────────
At 31 December 2023 55,672 17,283 6,270 79,225
  ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2023 - 4,446 4,138 8,584
Charge for the financial year 11,134 2,567 2,069 15,770
  ───────── ───────── ───────── ─────────
At 31 December 2023 11,134 7,013 6,207 24,354
  ───────── ───────── ───────── ─────────
Net book value
At 31 December 2023 44,538 10,270 63 54,871
  ═════════ ═════════ ═════════ ═════════
At 31 December 2022 - 8,004 2,132 10,136
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 445,565 415,481
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2023 2022
  £ £
 
Trade debtors 18,993 97,999
Prepayments and accrued income 890 776
  ───────── ─────────
  19,883 98,775
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Trade creditors 105,691 86,408
Taxation 87,353 47,503
Accruals:
Pension accrual 211 175
Other accruals 4,500 4,000
  ───────── ─────────
  197,755 138,086
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Amounts owed to group undertakings 396,108 428,114
  ═════════ ═════════
 
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 1,925 1,925 2,655
Charged to profit and loss 8,500 8,500 (730)
  ───────── ───────── ─────────
At financial year end 10,425 10,425 1,925
  ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2023.
           
11. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
   
12. Parent company
 
The company regards Castle Paving Northern Ireland Ltd as its parent company.
 
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.