2023-10-012024-09-302024-09-30false04908550Castle Hot Tubs 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Castle Hot Tubs Limited

Registered Number
04908550
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

Castle Hot Tubs Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

Sally Christine Koob
Sarah Kate Koob
Yan Peter Koob
Kayli Anna Goddard

Company Secretary

Dieter Koob Von Lowenstein

Registered Address

74 High Street
Fishguard
SA65 9AU

Registered Number

04908550 (England and Wales)
Castle Hot Tubs Limited
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets45,0005,000
Tangible assets5257,144180,503
262,144185,503
Current assets
Stocks6670,642656,757
Debtors7205,622234,224
Cash at bank and on hand407,880433,050
1,284,1441,324,031
Creditors amounts falling due within one year9(222,342)(251,012)
Net current assets (liabilities)1,061,8021,073,019
Total assets less current liabilities1,323,9461,258,522
Creditors amounts falling due after one year10(38,489)(17,365)
Provisions for liabilities12(48,676)(22,546)
Net assets1,236,7811,218,611
Capital and reserves
Called up share capital100100
Profit and loss account1,236,6811,218,511
Shareholders' funds1,236,7811,218,611
The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2024, and are signed on its behalf by:
Sally Christine Koob
Director
Registered Company No. 04908550
Castle Hot Tubs Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
No depreciation is provided on intangibles as the amount that is depreciated is the difference between cost and residual value. In the opinion of the directors, the residual value of the property is at least cost and there is therefore no depreciation to provide.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Vehicles25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year2020
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 235,0005,000
At 30 September 245,0005,000
Net book value
At 30 September 245,0005,000
At 30 September 235,0005,000
5.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 October 2360,67780,052126,456181,958449,143
Additions56,9121,95745,9383,220108,027
At 30 September 24117,58982,009172,394185,178557,170
Depreciation and impairment
At 01 October 23-54,39284,634129,614268,640
Charge for year-3,67419,9687,74431,386
At 30 September 24-58,066104,602137,358300,026
Net book value
At 30 September 24117,58923,94367,79247,820257,144
At 30 September 2360,67725,66041,82252,344180,503
6.Stocks

2024

2023

££
Finished goods670,642656,757
Total670,642656,757
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables7,1687,700
Amounts owed by associates and joint ventures / participating interests181,100181,100
Prepayments and accrued income17,35445,424
Total205,622234,224
8.Current asset investments
9.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables41,16957,749
Bank borrowings and overdrafts10,33211,284
Taxation and social security45,65846,253
Finance lease and HP contracts7,431-
Other creditors112,952130,668
Accrued liabilities and deferred income4,8005,058
Total222,342251,012
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,03317,365
Other creditors31,456-
Total38,48917,365
11.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts31,457-
12.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)48,67622,546
Total48,67622,546
13.Related party transactions
The directors have lent money to the company. As at 30 September 2024, the amount due to them is £112,952 (2023 - £136,167). The company has also lent money to a director. The amount due is £6,146 (2023 - £7,200).