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Company No: 08546830 (England and Wales)

CASTLETECH CONSTRUCTION (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

CASTLETECH CONSTRUCTION (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

CASTLETECH CONSTRUCTION (HOLDINGS) LIMITED

BALANCE SHEET

As at 30 April 2024
CASTLETECH CONSTRUCTION (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 193,549 100,066
193,549 100,066
Current assets
Debtors 4 4,077,660 3,308,014
Cash at bank and in hand 22,190 78,183
4,099,850 3,386,197
Creditors: amounts falling due within one year 5 ( 924,999) ( 26,422)
Net current assets 3,174,851 3,359,775
Total assets less current liabilities 3,368,400 3,459,841
Creditors: amounts falling due after more than one year 6 ( 132,363) 0
Provision for liabilities ( 3,831) ( 1,311)
Net assets 3,232,206 3,458,530
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 3,231,206 3,457,530
Total shareholders' funds 3,232,206 3,458,530

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Castletech Construction (Holdings) Limited (registered number: 08546830) were approved and authorised for issue by the Director on 21 January 2025. They were signed on its behalf by:

J L Craig
Director
CASTLETECH CONSTRUCTION (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
CASTLETECH CONSTRUCTION (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Castletech Construction (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is North Fossil Farmhouse, Winfrith Newburgh, Dorchester, Dorset, DT2 8DB.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 3 years straight line
Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 May 2023 24,565 30,432 113,955 168,952
Additions 0 0 282,614 282,614
Disposals 0 0 ( 212,517) ( 212,517)
At 30 April 2024 24,565 30,432 184,052 239,049
Accumulated depreciation
At 01 May 2023 24,565 13,846 30,475 68,886
Charge for the financial year 0 2,488 17,345 19,833
Disposals 0 0 ( 43,219) ( 43,219)
At 30 April 2024 24,565 16,334 4,601 45,500
Net book value
At 30 April 2024 0 14,098 179,451 193,549
At 30 April 2023 0 16,586 83,480 100,066

4. Debtors

2024 2023
£ £
Other debtors 4,077,660 3,308,014

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 3,792
Obligations under finance leases and hire purchase contracts 4,971 0
Other creditors 920,028 22,630
924,999 26,422

Hire purchase agreements are secured against the assets to which they are related.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 132,363 0

Hire purchase agreements are secured against the assets to which they are related.

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director's loan account 206,940 177,582

Interest has been charged at the applicable HMRC rates