Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31false142023-09-01falsemanufacturing plastic bottles and containers15falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00850009 2023-09-01 2024-08-31 00850009 2022-09-01 2023-08-31 00850009 2024-08-31 00850009 2023-08-31 00850009 2022-09-01 00850009 c:Director1 2023-09-01 2024-08-31 00850009 d:PlantMachinery 2023-09-01 2024-08-31 00850009 d:PlantMachinery 2024-08-31 00850009 d:PlantMachinery 2023-08-31 00850009 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00850009 d:MotorVehicles 2023-09-01 2024-08-31 00850009 d:MotorVehicles 2024-08-31 00850009 d:MotorVehicles 2023-08-31 00850009 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00850009 d:FurnitureFittings 2023-09-01 2024-08-31 00850009 d:FurnitureFittings 2024-08-31 00850009 d:FurnitureFittings 2023-08-31 00850009 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00850009 d:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 00850009 d:OtherPropertyPlantEquipment 2024-08-31 00850009 d:OtherPropertyPlantEquipment 2023-08-31 00850009 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00850009 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 00850009 d:CurrentFinancialInstruments 2024-08-31 00850009 d:CurrentFinancialInstruments 2023-08-31 00850009 d:Non-currentFinancialInstruments 2024-08-31 00850009 d:Non-currentFinancialInstruments 2023-08-31 00850009 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 00850009 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 00850009 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 00850009 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 00850009 d:ShareCapital 2024-08-31 00850009 d:ShareCapital 2023-08-31 00850009 d:RetainedEarningsAccumulatedLosses 2024-08-31 00850009 d:RetainedEarningsAccumulatedLosses 2023-08-31 00850009 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 00850009 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 00850009 c:OrdinaryShareClass1 2023-09-01 2024-08-31 00850009 c:OrdinaryShareClass1 2024-08-31 00850009 c:OrdinaryShareClass1 2023-08-31 00850009 c:FRS102 2023-09-01 2024-08-31 00850009 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 00850009 c:FullAccounts 2023-09-01 2024-08-31 00850009 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 00850009 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 00850009 d:HirePurchaseContracts d:WithinOneYear 2023-08-31 00850009 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 00850009 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-08-31 00850009 2 2023-09-01 2024-08-31 00850009 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00850009









SABOTCASTLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
SABOTCASTLE LIMITED
REGISTERED NUMBER: 00850009

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
129,327
140,452

  
129,327
140,452

Current assets
  

Stocks
 5 
108,278
36,911

Debtors: amounts falling due within one year
 6 
198,033
231,259

Cash at bank and in hand
 7 
382,621
520,242

  
688,932
788,412

Creditors: amounts falling due within one year
 8 
(281,327)
(286,778)

Net current assets
  
 
 
407,605
 
 
501,634

Total assets less current liabilities
  
536,932
642,086

Creditors: amounts falling due after more than one year
  
(26,709)
(30,954)

Provisions for liabilities
  

Deferred tax
 11 
(32,331)
(36,035)

  
 
 
(32,331)
 
 
(36,035)

Net assets
  
477,892
575,097


Capital and reserves
  

Called up share capital 
 12 
15,000
15,000

Profit and loss account
  
462,892
560,097

  
477,892
575,097


Page 1

 
SABOTCASTLE LIMITED
REGISTERED NUMBER: 00850009
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




P Lethbridge
Director

Date: 21 November 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Sabotcastle Limited is a private company limited by shares and registered in England and Wales. The registered office of the company is Unit R1 Northfleet Industrial Estate, Lower Road, Northfleet, Kent, DA11 9SN. The principal activity during the year has been that of manufacturing plastic bottles and containers.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line
Motor vehicles
-
25% reducing balance method
Fixtures and fittings
-
10% straight line
Other fixed assets
-
25% reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 15).

Page 6

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
460,801
195,765
51,586
8,839
716,991


Additions
24,853
-
16,031
-
40,884


Disposals
(11,392)
-
(33,230)
-
(44,622)



At 31 August 2024

474,262
195,765
34,387
8,839
713,253



Depreciation


At 1 September 2023
393,248
130,472
43,980
8,839
576,539


Charge for the year on owned assets
25,526
16,323
5,223
-
47,072


Disposals
(9,028)
-
(30,657)
-
(39,685)



At 31 August 2024

409,746
146,795
18,546
8,839
583,926



Net book value



At 31 August 2024
64,516
48,970
15,841
-
129,327



At 31 August 2023
67,553
65,293
7,606
-
140,452


5.


Stocks

2024
2023
£
£

Raw materials and consumables
108,278
36,911

108,278
36,911



6.


Debtors

2024
2023
£
£


Trade debtors
176,164
212,530

Other debtors
10,942
7,850

Prepayments
10,927
10,879
Page 7

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.Debtors (continued)


198,033
231,259



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
382,621
520,242

382,621
520,242



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
66,184
32,182

Corporation tax
8,374
28,802

Other taxation and social security
134,271
93,025

Obligations under finance lease and hire purchase contracts
4,245
4,245

Other creditors
15,253
14,685

Accruals
53,000
113,839

281,327
286,778


Assets held under hire purchase contracts are secured against the assets to which they relate.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
26,709
30,954

26,709
30,954


Page 8

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
4,245
4,245

Between 1-5 years
22,464
26,709

26,709
30,954


11.


Deferred taxation




2024
2023


£

£






At beginning of year
(36,035)
(19,944)


Charged to profit or loss
-
(16,091)


Utilised in year
3,704
-



At end of year
(32,331)
(36,035)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(32,331)
(36,035)

(32,331)
(36,035)

Page 9

 
SABOTCASTLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



15,000 (2023 - 15,000) Ordinary shares of £1.00 each
15,000
15,000



13.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £258 (2023 - £266) were payable to the fund at the balance sheet date and are included in other creditors due within one year.


14.


Related party transactions

Included within other creditors is an amount of £6,240 (2023: £4,680) owed to the directors. This loan is unsecured, interest free and repayable on demand. 

 
Page 10