Cast Experience Limited 10907317 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is manufacture of jewellery and related articles Digita Accounts Production Advanced 6.30.9574.0 true true 10907317 2023-03-01 2024-02-29 10907317 2024-02-29 10907317 core:RetainedEarningsAccumulatedLosses 2024-02-29 10907317 core:ShareCapital 2024-02-29 10907317 core:SharePremium 2024-02-29 10907317 core:CurrentFinancialInstruments 2024-02-29 10907317 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 10907317 core:Non-currentFinancialInstruments 2024-02-29 10907317 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 10907317 core:FurnitureFittingsToolsEquipment 2024-02-29 10907317 bus:SmallEntities 2023-03-01 2024-02-29 10907317 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10907317 bus:FullAccounts 2023-03-01 2024-02-29 10907317 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10907317 bus:RegisteredOffice 2023-03-01 2024-02-29 10907317 bus:Director1 2023-03-01 2024-02-29 10907317 bus:Director2 2023-03-01 2024-02-29 10907317 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10907317 core:ComputerEquipment 2023-03-01 2024-02-29 10907317 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 10907317 countries:UnitedKingdom 2023-03-01 2024-02-29 10907317 2023-02-28 10907317 core:FurnitureFittingsToolsEquipment 2023-02-28 10907317 2021-09-01 2023-02-28 10907317 2023-02-28 10907317 core:RetainedEarningsAccumulatedLosses 2023-02-28 10907317 core:ShareCapital 2023-02-28 10907317 core:SharePremium 2023-02-28 10907317 core:CurrentFinancialInstruments 2023-02-28 10907317 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10907317 core:Non-currentFinancialInstruments 2023-02-28 10907317 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 10907317 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 10907317

Cast Experience Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Cast Experience Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Cast Experience Limited

(Registration number: 10907317)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,873

3,742

Current assets

 

Stocks

6

7,345

9,612

Debtors

7

24,419

15,041

Cash at bank and in hand

 

65,575

86,029

 

97,339

110,682

Creditors: Amounts falling due within one year

8

(76,507)

(50,024)

Net current assets

 

20,832

60,658

Total assets less current liabilities

 

22,705

64,400

Creditors: Amounts falling due after more than one year

8

(12,650)

(17,250)

Provisions for liabilities

(356)

(711)

Net assets

 

9,699

46,439

Capital and reserves

 

Called up share capital

129

129

Share premium reserve

239,950

239,950

Retained earnings

(230,380)

(193,640)

Shareholders' funds

 

9,699

46,439

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

 

Cast Experience Limited

(Registration number: 10907317)
Balance Sheet as at 29 February 2024

Mr J A Cottingham
Director

Mr L J Cottingham
Director

 
     
 

Cast Experience Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 9a Caledonia Works
43 Mowbray Street
Sheffield
S3 8EN

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Cast Experience Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cast Experience Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

Straight Line 33.33%

Office & Computer Equipment

Straight Line 33.33%

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Cast Experience Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

2,214

2,889

 

Cast Experience Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

11,133

11,133

Additions

345

345

Disposals

(2,833)

(2,833)

At 29 February 2024

8,645

8,645

Depreciation

At 1 March 2023

7,391

7,391

Charge for the year

2,214

2,214

Eliminated on disposal

(2,833)

(2,833)

At 29 February 2024

6,772

6,772

Carrying amount

At 29 February 2024

1,873

1,873

At 28 February 2023

3,742

3,742

6

Stocks

2024
£

2023
£

Other inventories

7,345

9,612

7

Debtors

Current

2024
£

2023
£

Trade debtors

35

1,326

Prepayments

128

109

Other debtors

24,256

13,606

 

24,419

15,041

 

Cast Experience Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

14,269

15,190

Trade creditors

 

38,355

8,252

Taxation and social security

 

10,983

11,741

Accruals and deferred income

 

4,287

2,683

Other creditors

 

8,613

12,158

 

76,507

50,024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

12,650

17,250

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

12,650

17,250

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,600

4,600

Other borrowings

9,669

10,590

14,269

15,190