Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false6false2023-03-01falseNo description of principal activity6true 14005210 2023-03-01 2024-02-29 14005210 2022-03-01 2023-02-28 14005210 2024-02-29 14005210 2023-02-28 14005210 c:Director4 2023-03-01 2024-02-29 14005210 d:CurrentFinancialInstruments 2024-02-29 14005210 d:CurrentFinancialInstruments 2023-02-28 14005210 d:CurrentFinancialInstruments 3 2024-02-29 14005210 d:CurrentFinancialInstruments 3 2023-02-28 14005210 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 14005210 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 14005210 d:ShareCapital 2024-02-29 14005210 d:ShareCapital 2023-02-28 14005210 d:RetainedEarningsAccumulatedLosses 2024-02-29 14005210 d:RetainedEarningsAccumulatedLosses 2023-02-28 14005210 c:FRS102 2023-03-01 2024-02-29 14005210 c:Audited 2023-03-01 2024-02-29 14005210 c:FullAccounts 2023-03-01 2024-02-29 14005210 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 14005210 c:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 14005210 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 14005210









CAST CONTRACTS LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
CAST CONTRACTS LTD
REGISTERED NUMBER: 14005210

BALANCE SHEET
AS AT 29 FEBRUARY 2024

As restated
2024
Unaudited
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2,216,824
584,645

Bank and cash balances
  
144,601
601,717

  
2,361,425
1,186,362

Creditors: amounts falling due within one year
 5 
(2,269,127)
(1,076,595)

  

Net assets
  
92,298
109,767


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
92,198
109,667

  
92,298
109,767


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 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 on 29 November 2024.




Z A Moss
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
CAST CONTRACTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Cast Contracts Limited ("the Company") is a private company limited by shares incorporated in England and Wales. The registered office is Unit 8 Tallon Road, Hutton, Brentwood, England, CM13 1TF.

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 Companies financial statements are presented in sterling, which is also the company's functional currency, and all values are rounded to the nearest pound (£). 

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is measured by reference to the stage of completion of the contract activity.
The Company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entities and when specific criteria have been met as described below.
 
Construction contracts
 
Profit on construction contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is recognised relative to the stage of completion of the contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Page 2

 
CAST CONTRACTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Taxation

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.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

Page 3

 
CAST CONTRACTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
6
6


4.


Debtors

As restated
2024
Unaudited
2023
£
£


Trade debtors
-
248,000

Amounts owed by group undertakings
2,140,000
100,000

Other debtors
100
100

Amounts recoverable on long-term contracts
42,974
204,969

Sales retentions
33,750
31,576

2,216,824
584,645



5.


Creditors: Amounts falling due within one year

As restated
2024
Unaudited
2023
£
£

Corporation tax
21,627
-

Other taxation and social security
-
22,286

Accruals and deferred income
2,247,500
1,054,309

2,269,127
1,076,595


Page 4

 
CAST CONTRACTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Prior year adjustment

During the year, amounts recoverable on long-term contracts, accruals, share capital and sales retentions were identified in respect of the period ended 28 February 2023. This has had an impact on the following statements lines: 

28 February
2023
£
Amounts recoverable on long-term contracts

204,969

Sales retentions

31,576

Accruals

(226,878)

Amounts owed by group companies

100,000

Other debtors

100

Share capital

(100)

Sales

(236,545)

Cost of sales

126,878



7.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the balance sheet date.


8.


Related party transactions

The Company has taken the exemption from disclosing related party transactions with wholly owned subsidiaries within the Group under FRS 102 Section 33.1A.


9.


Controlling party

The immediate and ultimate parent Company is Cast Group Services Limited, a Company incorporated in the UK and registered in England and Wales. 
The smallest and largest group to consolidate these financial statements is Cast Group Services Limited. Copies of these consolidated financial statements can be obtained from the Companies registered office being Unit 8 Tallon Road, Hutton, Brentwood, England, CM13 1TF.
The ultimate controlling party of the Company is Mrs Z Moss.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 29 February 2024 was unqualified.

The audit report was signed on 29 November 2024 by Gary Leonard (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 5