Casdron Enterprises Limited Filleted Accounts Cover |
Company No. 02234634 | |||||||||
For the Year Ended | |||||||||
Casdron Enterprises Limited Balance Sheet Registrar |
at | As restated | |||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Investment property | 6 | |||||||||
Investments | 7 | |||||||||
Current assets | ||||||||||
Stocks | 8 | |||||||||
Debtors | 9 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 10 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 11 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | 13 | |||||||||
Revaluation reserve | 14 | |||||||||
Capital redemption reserve | 14 | |||||||||
Profit and loss account | 14 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 21 November 2024 and signed on its behalf by: | ||||||||||
P.A. Waldron | ||||||||||
Director | ||||||||||
21 November 2024 |
Casdron Enterprises Limited Notes to the Accounts Registrar |
for the year ended 31 March 2024 | ||||||||||||||
1 | General information | |||||||||||||
Casdron Enterprises Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 02234634 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • 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 economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses. | ||||||||||||||
All intangible fixed assets are considered to have a finite useful life. if a reliable estimate of useful life cannot be made, the useful life shall not exceed ten years. | ||||||||||||||
Amortisation is provided on the following bases : | ||||||||||||||
10% Straight line | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Motor vehicles | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Research and development costs | ||||||||||||||
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line. | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investment property | ||||||||||||||
Investments | ||||||||||||||
Investment in subsidiaries are measured at cost less accumulated impairment. | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Cash and cash equivalents | ||||||||||||||
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or 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 know amounts of cash with insignificant risk of change in value. | ||||||||||||||
Trade and other creditors | ||||||||||||||
Interest Income | ||||||||||||||
Interest income is recognised in profit or loss using effective interest method. | ||||||||||||||
Borrowing costs | ||||||||||||||
All borrowing costs are recognised in the Profit & Loss in the year in which they occurred. | ||||||||||||||
Foreign currencies | ||||||||||||||
Leased assets | ||||||||||||||
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of lease's benefit from the use of the leased assets. | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Website | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 April 2023 | ||||||||||||||
At 31 March 2024 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 March 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2024 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Plant and machinery | Motor vehicles | Fixtures, fittings and equipment | Total | |||||||||||
£ | £ | £ | £ | |||||||||||
Cost or revaluation | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Additions | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 March 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 March 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2024 | ||||||||||||||
At 31 March 2023 | 81,752 | 18,067 | 11,668 | |||||||||||
6 | Investment property | |||||||||||||
Freehold Investment Property | ||||||||||||||
£ | ||||||||||||||
Valuation | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Additions | ||||||||||||||
At 31 March 2024 | ||||||||||||||
The 2024 valuation were made by the Directors, on an open market value for existing use basis. | ||||||||||||||
7 | Investments | |||||||||||||
Investment in Subsidiaries | Other investments | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or valuation | ||||||||||||||
At 1 April 2023 | ||||||||||||||
Disposals | ( | ( | ||||||||||||
At 31 March 2024 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2024 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
8 | Stocks | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Work in progress | ||||||||||||||
9 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Amounts owed by group undertakings | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
10 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade creditors | ||||||||||||||
Amounts owed to group undertakings | ||||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
11 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Other creditors | ||||||||||||||
12 | Pension | |||||||||||||
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. The pension cost charge represents contributions payable by the company to the fund & amounted to £203,161 (2023: £161,023) in the year. Pension contributions of £527 (2023: £160,240) were payable at the balance sheet date. | ||||||||||||||
13 | Share Capital | |||||||||||||
Share capital includes following: | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
75 ordinary shares of £1 each | 75 | 75 | ||||||||||||
75 | 75 | |||||||||||||
14 | Reserves | |||||||||||||
Revaluation Reserve | Capital redemption reserve | Total other reserves | ||||||||||||
£ | £ | £ | ||||||||||||
At 1 April 2022 | ||||||||||||||
Movement on revaluation reserve | ||||||||||||||
At 31 March 2023 and 1 April 2023 | ||||||||||||||
At 31 March 2024 | ||||||||||||||
15 | Related party transactions | |||||||||||||
At the Balance Sheet date the company was owed £498,819 (2023 : £589,947) to the directors. | ||||||||||||||