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Company Registration No. 3179355 (England and Wales)
Castle Doors LTD Unaudited accounts for the year ended 31 March 2024
Castle Doors LTD Unaudited accounts Contents
Page
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Castle Doors LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
271,317 
235,049 
Current assets
Inventories
365,890 
278,185 
Debtors
328,053 
232,368 
Cash at bank and in hand
211,241 
370,931 
905,184 
881,484 
Creditors: amounts falling due within one year
(427,746)
(417,819)
Net current assets
477,438 
463,665 
Net assets
748,755 
698,714 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
748,745 
698,704 
Shareholders' funds
748,755 
698,714 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2024 and were signed on its behalf by
Lee Moon Director Company Registration No. 3179355
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Castle Doors LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Castle Doors LTD is a private company, limited by shares, registered in England and Wales, registration number 3179355. The registered office is UNIT 19 Fort Industrial Park, Chester Rd, Dunlop Way, Birmingham, West Midlands, B35 7AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on the reducing balance
Motor vehicles
20% on the reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Castle Doors LTD Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
429,466 
261,760 
691,226 
Additions
8,038 
127,232 
135,270 
Disposals
(24,146)
(91,120)
(115,266)
At 31 March 2024
413,358 
297,872 
711,230 
Depreciation
At 1 April 2023
297,477 
158,700 
456,177 
Charge for the year
33,923 
42,373 
76,296 
On disposals
(19,846)
(72,714)
(92,560)
At 31 March 2024
311,554 
128,359 
439,913 
Net book value
At 31 March 2024
101,804 
169,513 
271,317 
At 31 March 2023
131,989 
103,060 
235,049 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
328,053 
232,368 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
32,801 
41,572 
VAT
48,345 
29,708 
Obligations under finance leases and hire purchase contracts
101,416 
65,443 
Trade creditors
222,922 
239,425 
Taxes and social security
22,061 
38,770 
Other creditors
- 
2,592 
Loans from directors
201 
309 
427,746 
417,819 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Castle Doors LTD Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Lee Moon
Directors Loan Account
309 
- 
108 
201 
309 
- 
108 
201 
9
Average number of employees
During the year the average number of employees was 32 (2023: 32).
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