CASTELO SERVICES LTD

Company Registration Number:
12384252 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

CASTELO SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CASTELO SERVICES LTD

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 13,242,728 11,128,343
Cost of sales: ( 12,242,902 ) ( 9,994,756 )
Gross profit(or loss): 999,826 1,133,587
Distribution costs: ( 354,788 ) ( 784,376 )
Administrative expenses: ( 288,794 ) ( 18,984 )
Operating profit(or loss): 356,244 330,227
Profit(or loss) before tax: 356,244 330,227
Profit(or loss) for the financial year: 356,244 330,227

CASTELO SERVICES LTD

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Called up share capital not paid: 30,000 25,000
Fixed assets
Intangible assets: 3 245,678 200,000
Tangible assets: 4 678,445 547,896
Total fixed assets: 924,123 747,896
Current assets
Stocks: 5 348,761 239,538
Debtors: 6 245,689 65,329
Cash at bank and in hand: 367,891 543,897
Investments: 7 15,690
Total current assets: 978,031 848,764
Creditors: amounts falling due within one year: 8 ( 567,661 ) ( 1,238,468 )
Net current assets (liabilities): 410,370 (389,704)
Total assets less current liabilities: 1,364,493 383,192
Creditors: amounts falling due after more than one year: 9 ( 115,681 ) ( 52,965 )
Provision for liabilities: ( 15,678 )
Total net assets (liabilities): 1,233,134 330,227
Capital and reserves
Called up share capital: 12,000 10,000
Other reserves: 864,890
Profit and loss account: 356,244 320,227
Total Shareholders' funds: 1,233,134 330,227

The notes form part of these financial statements

CASTELO SERVICES LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 10 October 2024
and signed on behalf of the board by:

Name: Faiz Naseer
Status: Director

The notes form part of these financial statements

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover should be valued when economic benefits flow to entity.

    Tangible fixed assets depreciation policy

    Assets should be depreciated at straight line Method at 15 % Annually.

    Other accounting policies

    Statements should be prepared according to IFRS.

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 15 9

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 February 2023 200,000 0 200,000
Additions 45,678 0 45,678
Disposals
Revaluations
Transfers
At 31 January 2024 245,678 0 245,678
Amortisation
At 1 February 2023 0 0 0
Charge for year
On disposals
Other adjustments
At 31 January 2024 0 0 0
Net book value
At 31 January 2024 245,678 0 245,678
At 31 January 2023 200,000 0 200,000

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 540,286 0 1,500 6,110 0 547,896
Additions 45,690 0 15,345 69,514 0 130,549
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 January 2024 585,976 0 16,845 75,624 0 678,445
Depreciation
At 1 February 2023 0 0 0 0 0 0
Charge for year
On disposals
Other adjustments
At 31 January 2024 0 0 0 0 0 0
Net book value
At 31 January 2024 585,976 0 16,845 75,624 0 678,445
At 31 January 2023 540,286 0 1,500 6,110 0 547,896

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Stocks

2024 2023
£ £
Stocks 348,761 239,538
Total 348,761 239,538

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Debtors

2024 2023
£ £
Trade debtors 245,689 65,329
Total 245,689 65,329

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Current assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater.

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

8. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 567,661 1,238,468
Total 567,661 1,238,468

CASTELO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

9. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 115,681 52,965
Total 115,681 52,965