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REGISTERED NUMBER: 07217427 (England and Wales)















CASS SUPPLIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2024






CASS SUPPLIES LIMITED (REGISTERED NUMBER: 07217427)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASS SUPPLIES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: T J Gent
N Carey





SECRETARY: T J Gent





REGISTERED OFFICE: Unit 15b
Atlantic Business Park
Barry
Vale of Glamorgan
CF63 3RF





REGISTERED NUMBER: 07217427 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

CASS SUPPLIES LIMITED (REGISTERED NUMBER: 07217427)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,587,908 2,123,918
2,587,908 2,123,918

CURRENT ASSETS
Stocks 78,078 210,445
Debtors 6 1,865,796 1,529,428
Cash at bank and in hand 288,430 111,744
2,232,304 1,851,617
CREDITORS
Amounts falling due within one year 7 1,730,968 1,478,375
NET CURRENT ASSETS 501,336 373,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,089,244

2,497,160

CREDITORS
Amounts falling due after more than one year 8 (753,168 ) (958,749 )

PROVISIONS FOR LIABILITIES (572,932 ) (363,745 )
NET ASSETS 1,763,144 1,174,666

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 272,298 272,298
Retained earnings 1,490,746 902,268
SHAREHOLDERS' FUNDS 1,763,144 1,174,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

CASS SUPPLIES LIMITED (REGISTERED NUMBER: 07217427)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





T J Gent - Director


CASS SUPPLIES LIMITED (REGISTERED NUMBER: 07217427)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Cass Supplies 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipmt - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 24 (2023 - 19 ) .

CASS SUPPLIES LIMITED (REGISTERED NUMBER: 07217427)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 381,014
AMORTISATION
At 1 February 2023
and 31 January 2024 381,014
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipmt Totals
£    £    £    £    £   
COST OR VALUATION
At 1 February 2023 2,801,877 45,313 44,018 42,237 2,933,445
Additions 812,777 900 62,500 2,473 878,650
At 31 January 2024 3,614,654 46,213 106,518 44,710 3,812,095
DEPRECIATION
At 1 February 2023 723,606 30,328 36,183 19,410 809,527
Charge for year 396,202 4,006 8,470 5,982 414,660
At 31 January 2024 1,119,808 34,334 44,653 25,392 1,224,187
NET BOOK VALUE
At 31 January 2024 2,494,846 11,879 61,865 19,318 2,587,908
At 31 January 2023 2,078,271 14,985 7,835 22,827 2,123,918

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Plant and and Motor Office
machinery fittings vehicles equipmt Totals
£    £    £    £    £   
Valuation in 2020 272,298 - - - 272,298
Cost 3,342,356 46,213 106,518 44,710 3,539,797
3,614,654 46,213 106,518 44,710 3,812,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,344,827 1,295,867
Other debtors 520,969 233,561
1,865,796 1,529,428

CASS SUPPLIES LIMITED (REGISTERED NUMBER: 07217427)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 12,979
Hire purchase contracts 264,931 205,345
Trade creditors 1,099,193 777,950
Taxation and social security 120,118 35,397
Other creditors 246,726 446,704
1,730,968 1,478,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 128,740 142,539
Other creditors 624,428 816,210
753,168 958,749

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 122,734 218,157

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 272,298

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
T J Gent
Balance outstanding at start of year (117,960 ) 84,953
Amounts advanced 1,750,615 696,298
Amounts repaid (1,430,510 ) (899,211 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 202,145 (117,960 )

N Carey
Balance outstanding at start of year 17,813 26,428
Amounts advanced 4,761 -
Amounts repaid - (8,615 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,574 17,813