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 building and construction. 9 May 2024 9 9 NI067543 2023-12-31 NI067543 2022-12-31 NI067543 2021-12-31 NI067543 2023-01-01 2023-12-31 NI067543 2022-01-01 2022-12-31 NI067543 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI067543 uk-curr:PoundSterling 2023-01-01 2023-12-31 NI067543 uk-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI067543 uk-bus:FullAccounts 2023-01-01 2023-12-31 NI067543 uk-core:ShareCapital 2023-12-31 NI067543 uk-core:ShareCapital 2022-12-31 NI067543 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI067543 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI067543 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI067543 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI067543 uk-bus:FRS102 2023-01-01 2023-12-31 NI067543 uk-core:Goodwill 2023-01-01 2023-12-31 NI067543 uk-core:PlantMachinery 2023-01-01 2023-12-31 NI067543 uk-core:MotorVehicles 2023-01-01 2023-12-31 NI067543 uk-core:Goodwill 2022-12-31 NI067543 uk-core:Goodwill 2023-12-31 NI067543 uk-core:CurrentFinancialInstruments 2023-12-31 NI067543 uk-core:CurrentFinancialInstruments 2022-12-31 NI067543 uk-core:WithinOneYear 2023-12-31 NI067543 uk-core:WithinOneYear 2022-12-31 NI067543 uk-core:WithinOneYear 2023-12-31 NI067543 uk-core:WithinOneYear 2022-12-31 NI067543 uk-core:WithinOneYear 2023-12-31 NI067543 uk-core:WithinOneYear 2022-12-31 NI067543 uk-core:AfterOneYear 2023-12-31 NI067543 uk-core:AfterOneYear 2022-12-31 NI067543 uk-core:AfterOneYear 2023-12-31 NI067543 uk-core:AfterOneYear 2022-12-31 NI067543 uk-core:BetweenOneTwoYears 2023-12-31 NI067543 uk-core:BetweenOneTwoYears 2022-12-31 NI067543 uk-core:BetweenTwoFiveYears 2023-12-31 NI067543 uk-core:BetweenTwoFiveYears 2022-12-31 NI067543 uk-core:OtherMiscellaneousReserve 2022-12-31 NI067543 uk-core:OtherMiscellaneousReserve 2023-01-01 2023-12-31 NI067543 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI067543 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-12-31 NI067543 uk-core:OtherDeferredTax 2023-12-31 NI067543 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-12-31 NI067543 uk-core:OtherMiscellaneousReserve 2023-12-31 NI067543 uk-core:ParentEntities 2023-01-01 2023-12-31 NI067543 2023-01-01 2023-12-31 NI067543 uk-bus:Director1 2023-01-01 2023-12-31 NI067543 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI067543
 
 
Castle Paving Ireland Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Castle Paving Ireland Ltd
Company Registration Number: NI067543
BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 56,599 22,912
───────── ─────────
 
Current Assets
Stocks 6 22,401 38,783
Debtors 7 237,734 179,784
Cash and cash equivalents 208,789 209,446
───────── ─────────
468,924 428,013
───────── ─────────
Creditors: amounts falling due within one year 8 (120,534) (159,760)
───────── ─────────
Net Current Assets 348,390 268,253
───────── ─────────
Total Assets less Current Liabilities 404,989 291,165
 
Creditors:
amounts falling due after more than one year 9 (256,394) (201,023)
 
Provisions for liabilities 10 (15,031) (4,353)
───────── ─────────
Net Assets 133,564 85,789
═════════ ═════════
 
Capital and Reserves
Called up share capital 20 20
Retained earnings 11 133,544 85,769
───────── ─────────
Equity attributable to owners of the company 133,564 85,789
═════════ ═════════
 
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
           
           
________________________________          
Mr Damian O'Neill          
Director          
           



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

   
1. General Information
 
Castle Paving Ireland 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 nature of the company's operations and its principal activities are set out in the Directors' Report. 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.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 15 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
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 - 25% Reducing Balance
  Motor vehicles - 25% 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.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  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.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 9, (2022 - 9).
 
  2023 2022
  Number Number
 
Average No of Employees 9 9
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 January 2023 188,149 188,149
  ───────── ─────────
 
At 31 December 2023 188,149 188,149
  ───────── ─────────
Amortisation
 
At 31 December 2023 188,149 188,149
  ───────── ─────────
Net book value
At 31 December 2023 - -
  ═════════ ═════════
         
5. Tangible assets
  Plant and Motor Total
  machinery vehicles  
       
  £ £ £
Cost
At 1 January 2023 550 30,000 30,550
Additions 524 52,030 52,554
  ───────── ───────── ─────────
At 31 December 2023 1,074 82,030 83,104
  ───────── ───────── ─────────
Depreciation
At 1 January 2023 138 7,500 7,638
Charge for the financial year 234 18,633 18,867
  ───────── ───────── ─────────
At 31 December 2023 372 26,133 26,505
  ───────── ───────── ─────────
Net book value
At 31 December 2023 702 55,897 56,599
  ═════════ ═════════ ═════════
At 31 December 2022 412 22,500 22,912
  ═════════ ═════════ ═════════
           
5.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2023   2022  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Motor vehicles 22,125 7,375 - -
  ═════════ ═════════ ═════════ ═════════
       
6. Stocks 2023 2022
  £ £
 
Work in progress 22,401 38,783
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
7. Debtors 2023 2022
  £ £
 
Trade debtors 171,680 172,149
Other debtors - 1,000
Taxation and social security costs 59,399 3,645
Prepayments and accrued income 6,655 2,990
  ───────── ─────────
  237,734 179,784
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 10,146 9,888
Net obligations under finance leases
and hire purchase contracts 5,719 -
Trade creditors 41,974 124,459
Taxation and social security costs 58,379 21,323
Accruals:
Pension accrual 1,316 1,090
Other accruals 3,000 3,000
  ───────── ─────────
  120,534 159,760
  ═════════ ═════════
       
9. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank Loan 31,731 25,826
Amounts owed to group undertakings 221,663 175,197
Directors' loan accounts 3,000 -
  ───────── ─────────
  256,394 201,023
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 10,146 9,888
Repayable between one and two years 10,146 9,888
Repayable between two and five years 21,585 15,938
  ───────── ─────────
  41,877 35,714
  ═════════ ═════════
 
 
Castle Paving Northern Ireland Ltd has a fixed and floating charge with a negative pledge over all the property in Castle Paving Ireland Ltd.

Northern Bank Limited has a fixed and floating charge with a negative pledge over the property of Castle Paving Ireland Ltd.
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 4,353 4,353 -
Charged to profit and loss 10,678 10,678 4,353
  ───────── ───────── ─────────
At financial year end 15,031 15,031 4,353
  ═════════ ═════════ ═════════
       
11. Profit and loss account
     
  2023 2022
  £ £
 
At 1 January 2023 85,769 92,181
Profit for the financial year 186,670 115,765
Payment of dividends (138,895) (122,177)
  ───────── ─────────
At 31 December 2023 133,544 85,769
  ═════════ ═════════
           
12. 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.
   
13. Parent company
 
The company regards Castle Paving Northern Ireland Ltd as its parent company.