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Registered number: 13511254









CAST LIVING LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
CAST LIVING LIMITED
REGISTERED NUMBER: 13511254

BALANCE SHEET
AS AT 29 FEBRUARY 2024

2024
Unaudited
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
618
1,168

Current assets
  

Stocks
  
12,979
-

Debtors: amounts falling due within one year
 5 
334,113
155,140

Cash at bank and in hand
  
367,650
23,070

  
714,742
178,210

Creditors: amounts falling due within one year
 6 
(582,894)
(74,743)

Net current assets
  
 
 
131,848
 
 
103,467

Total assets less current liabilities
  
132,466
104,635

Creditors: amounts falling due after more than one year
  
-
(45,441)

  

Net assets
  
132,466
59,194


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
29,900
29,900

Profit and loss account
  
102,466
29,194

  
132,466
59,194


Page 1

 
CAST LIVING LIMITED
REGISTERED NUMBER: 13511254
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 income and retained earnings 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 3 to 9 form part of these financial statements.

Page 2

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Cast Living 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 and all values are rounded to the nearest pound (£). 

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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.

Page 4

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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, provided on the following annual basis:

Office Equipment
-
3 years straight line

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.

 
2.8

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.

Page 5

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Debtors

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

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees

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


        2024
        2023
            No.
            No.







Directors
5
2

Page 6

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Office Furniture

£



Cost or valuation


At 1 March 2023
1,236



At 29 February 2024

1,236



Depreciation


At 1 March 2023
68


Charge for the year on owned assets
550



At 29 February 2024

618



Net book value



At 29 February 2024
618



At 28 February 2023
1,168


5.


Debtors

2024
Unaudited
2023
£
£


Trade debtors
325,028
152,736

Other debtors
9,085
2,404

334,113
155,140


Page 7

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

2024
Unaudited
2023
£
£

Trade creditors
57,171
46,911

Amounts owed to group undertakings
58,866
14,040

Corporation tax
24,243
-

Other taxation and social security
3,168
10,893

Other creditors
-
2,899

Accruals and deferred income
439,446
-

582,894
74,743



7.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,321 (2023 - £4,366). Contibutions totallying £Nil (2023 - £2,899) were payable to the fund at the balance sheet date.


8.


Commitments under operating leases

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


9.


Related party transactions

During the year there were sales of £8,500 (2023 - £Nil) and purchases of £68,727 (2023 - £Nil) made to Companies within the Group under common control. At the year end £58,866 (2023 - £59,481) was owed to these Companies.  


10.


Controlling party

The 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.

Page 8

 
CAST LIVING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

11.


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 9