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REGISTERED NUMBER: 01193538 (England and Wales)






















Financial Statements

for the Year Ended 31 December 2023

for

Castle Concrete Limited

Castle Concrete Limited (Registered number: 01193538)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Castle Concrete Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P J Stephens
S P Westwood



SECRETARY: S P Westwood



REGISTERED OFFICE: Castle Meadow Road
Nottingham
Nottinghamshire
NG2 1AG



REGISTERED NUMBER: 01193538 (England and Wales)



AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY



BANKERS: Barclay Bank PLC
2 High Street
Nottingham
Nottinghamshire
NG2 5JD

Castle Concrete Limited (Registered number: 01193538)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,043 30,073

CURRENT ASSETS
Stocks 66,286 49,006
Debtors 5 48,255 24,435
Cash at bank and in hand 183,731 240,623
298,272 314,064
CREDITORS
Amounts falling due within one year 6 101,534 40,367
NET CURRENT ASSETS 196,738 273,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,781

303,770

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 210,781 293,770
220,781 303,770

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 17 September 2024 and were signed on its behalf by:





P J Stephens - Director


Castle Concrete Limited (Registered number: 01193538)

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

1. STATUTORY INFORMATION

Castle Concrete 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Stock valuations and recoverability of trading assets - these involve judgements as to the extent to which provisions are required to account for the risk of irrecoverability or obsolescence.

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

Revenue from the sales of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 - 15 - 20% on reducing balance

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Castle Concrete Limited (Registered number: 01193538)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit and loss immediately, to the extent that the reversal does not result in a carry amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

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 ) .

Castle Concrete Limited (Registered number: 01193538)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 21,468 177,216 9,721 208,405
DEPRECIATION
At 1 January 2023 21,467 147,464 9,401 178,332
Charge for year - 5,950 80 6,030
At 31 December 2023 21,467 153,414 9,481 184,362
NET BOOK VALUE
At 31 December 2023 1 23,802 240 24,043
At 31 December 2022 1 29,752 320 30,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,886 5,041
Amounts owed by group undertakings 10,993 10,993
Other debtors 21,376 8,401
48,255 24,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,361 4,887
Amounts owed to group undertakings 81,628 21,418
Taxation and social security 11,824 9,545
Other creditors 6,721 4,517
101,534 40,367

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw BSc FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption not to disclose transactions and balances with other group companies on the grounds that it is a wholly owned subsidiary of John A Stephens Holdings Limited.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of John A Stephens Holdings Limited which is registered in England and Wales.

John A Stephens Holdings Limited is the only company in the group that prepares consolidated financial statements that include the results of this company. Copies of the consolidated financial statements are available from Companies House. The registered office of John A Stephens Holdings Limited is that of Castle Concrete Limited.

The company's ultimate controlling party is P J Stephens by virtue of his controlling interest in John A Stephens Holdings Limited.