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REGISTERED NUMBER: 02982425 (England and Wales)











Cass Industries Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Cass Industries Limited (Registered number: 02982425)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Cass Industries Limited

Company Information
for the Year Ended 31 December 2023







Directors: D G Cass
J A Davidson
S W Smith





Secretary: D G Cass





Registered office: Unit 1 Bankside Business Park
Coronation Street
Stockport
SK5 7PG





Registered number: 02982425 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Cass Industries Limited (Registered number: 02982425)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
Fixed assets
Tangible assets 4 359,178 374,308

Current assets
Stocks 90,885 79,602
Debtors 5 51,083 57,891
Cash at bank 66,165 182,064
208,133 319,557
Creditors
Amounts falling due within one year 6 (47,033 ) (74,621 )
Net current assets 161,100 244,936
Total assets less current liabilities 520,278 619,244

Creditors
Amounts falling due after more than one
year

7

-

(115,241

)

Provisions for liabilities (17,257 ) (25,070 )
Net assets 503,021 478,933

Capital and reserves
Called up share capital 2 2
Retained earnings 503,019 478,931
503,021 478,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Industries Limited (Registered number: 02982425)

Balance Sheet - continued
31 December 2023


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 13 November 2024 and were signed on its behalf by:





D G Cass - Director


Cass Industries Limited (Registered number: 02982425)

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

1. Statutory information

Cass Industries 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on reducing balance
Plant and machinery etc - 33% on cost and 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.

Cass Industries Limited (Registered number: 02982425)

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

2. Accounting policies - continued

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 9 (2022 - 9 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 January 2023 320,657 483,989 804,646
Additions - 22,108 22,108
At 31 December 2023 320,657 506,097 826,754
Depreciation
At 1 January 2023 47,854 382,484 430,338
Charge for year 5,456 31,782 37,238
At 31 December 2023 53,310 414,266 467,576
Net book value
At 31 December 2023 267,347 91,831 359,178
At 31 December 2022 272,803 101,505 374,308

5. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 45,069 52,567
Other debtors 6,014 5,324
51,083 57,891

6. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade creditors 21,183 25,147
Taxation and social security 22,104 44,778
Other creditors 3,746 4,696
47,033 74,621

Cass Industries Limited (Registered number: 02982425)

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

7. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Bank loans - 115,241