Company Registration No. 10480578 (England and Wales)
Castflow Furnaces Ltd
Unaudited accounts
for the year ended 30 November 2023
Castflow Furnaces Ltd
Unaudited accounts
Contents
Castflow Furnaces Ltd
Company Information
for the year ended 30 November 2023
Company Number
10480578 (England and Wales)
Registered Office
RAYSDALE
EVENWOOD GATE
BISHOP AUCKLAND
DURHAM
DL14 9NW
ENGLAND
Castflow Furnaces Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
77,573
81,307
Cash at bank and in hand
2,004
1,184
Creditors: amounts falling due within one year
(52,807)
(66,915)
Net current (liabilities)/assets
(40,803)
904
Total assets less current liabilities
36,770
82,211
Creditors: amounts falling due after more than one year
(28,363)
(28,341)
Called up share capital
1
1
Revaluation reserve
69,532
69,532
Profit and loss account
(61,126)
(15,663)
Shareholders' funds
8,407
53,870
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2024 and were signed on its behalf by
Stephen Deary
Director
Company Registration No. 10480578
Castflow Furnaces Ltd
Notes to the Accounts
for the year ended 30 November 2023
Castflow Furnaces Ltd is a private company, limited by shares, registered in England and Wales, registration number 10480578. The registered office is RAYSDALE, EVENWOOD GATE, BISHOP AUCKLAND, DURHAM, DL14 9NW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
5 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Castflow Furnaces Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
108,292
10,800
2,000
3,171
124,263
At 30 November 2023
108,292
10,800
2,500
3,171
124,763
At 1 December 2022
27,123
10,800
2,000
3,033
42,956
Charge for the year
4,134
-
-
100
4,234
At 30 November 2023
31,257
10,800
2,000
3,133
47,190
At 30 November 2023
77,035
-
500
38
77,573
At 30 November 2022
81,169
-
-
138
81,307
Amounts falling due within one year
Trade debtors
6,000
20,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,907
Trade creditors
1,500
12,603
Taxes and social security
7,766
7,766
Loans from directors
21,658
8,065
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 4).