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REGISTERED NUMBER: 01639169 (England and Wales)















J.H. CASSWELL AND SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


J.H. CASSWELL AND SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs J S Casswell
J H Casswell
Mrs M D Casswell





SECRETARY: Mrs J S Casswell





REGISTERED OFFICE: Priory Farm
Horbling
Nr Sleaford
Lincs
NG34 0JG





REGISTERED NUMBER: 01639169 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,840 9,840
Property, plant and equipment 5 1,341,294 1,158,737
Investments 6 3 3
1,351,137 1,168,580

CURRENT ASSETS
Inventories 965,043 961,180
Debtors 7 543,123 668,174
1,508,166 1,629,354
CREDITORS
Amounts falling due within one year 8 667,475 706,385
NET CURRENT ASSETS 840,691 922,969
TOTAL ASSETS LESS CURRENT LIABILITIES 2,191,828 2,091,549

CREDITORS
Amounts falling due after more than one year 9 (183,184 ) (98,803 )

PROVISIONS FOR LIABILITIES (257,672 ) (169,630 )
NET ASSETS 1,750,972 1,823,116

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Retained earnings 1,650,972 1,723,116
SHAREHOLDERS' FUNDS 1,750,972 1,823,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





J H Casswell - Director


J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

J.H. Casswell and Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on reducing balance, 4% on reducing balance, at variable rates on reducing balance and Straight line over 5 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Intangible fixed assets
Storage rights are held at their written down cost and are not depreciated since 2010.

Basic payment scheme
The Basic payment scheme is recognised in the financial statements in accordance with current H.M. Revenue & Customs guidance.

Investments
Investments are stated at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Storage
rights Entitlements Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 12,700 30,056 42,756
AMORTISATION
At 1 August 2023
and 31 July 2024 2,860 30,056 32,916
NET BOOK VALUE
At 31 July 2024 9,840 - 9,840
At 31 July 2023 9,840 - 9,840

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 235,314 2,064,232 2,299,546
Additions - 510,795 510,795
Disposals - (345,310 ) (345,310 )
At 31 July 2024 235,314 2,229,717 2,465,031
DEPRECIATION
At 1 August 2023 - 1,140,809 1,140,809
Charge for year - 207,743 207,743
Eliminated on disposal - (224,815 ) (224,815 )
At 31 July 2024 - 1,123,737 1,123,737
NET BOOK VALUE
At 31 July 2024 235,314 1,105,980 1,341,294
At 31 July 2023 235,314 923,423 1,158,737


J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 3
NET BOOK VALUE
At 31 July 2024 3
At 31 July 2023 3

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 426,269 571,313
Other debtors 116,854 96,861
543,123 668,174

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 187,856 148,877
Hire purchase contracts 86,607 26,919
Trade creditors 97,059 129,089
Taxation and social security - 87,297
Other creditors 295,953 314,203
667,475 706,385

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 173,184 80,740
Other creditors 10,000 18,063
183,184 98,803

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 259,791 107,659

The loans in respect of the hire purchase and finance lease agreements are secured against the assets to which they relate.

J.H. CASSWELL AND SON LIMITED (REGISTERED NUMBER: 01639169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80,000 Ordinary A Shares £1 80,000 80,000
20,000 Ordinary B Shares £1 20,000 20,000
100,000 100,000