11355823falseMANUFACTURE AND SALE OF CONCRETE CASTINGS2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11355823

CASTCO LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

CASTCO LTD

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
ROBERT CARROLL
CHRISTOPHER JAMES ROUND
REGISTERED OFFICE
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11355823
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

CASTCO LTD

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

CASTCO LTD

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets317,14718,784
CURRENT ASSETS
Stock8,4007,120
Debtors55,3604,755
Cash at bank and in hand4,4444,286
18,20416,161
CREDITORS: Amounts falling due within one year619,15114,255
NET CURRENT (LIABILITIES) / ASSETS(947)1,906
TOTAL ASSETS LESS CURRENT LIABILITIES16,20020,690
CREDITORS: Amounts falling due after more than one year724,69530,142
NET LIABILITIES(8,495)(9,452)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(8,595)(9,552)
SHAREHOLDERS' FUNDS(8,495)(9,452)
For the year ending 31/03/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/01/2025 and signed on their behalf by
.............................
ROBERT CARROLL
Director

CASTCO LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company is in a net liability position of £ 8,495 as at 31 March 2024. However the directors have given assurances to the company that they will not draw on at least £ 9,000 of the directors' loan accounts and will make further funds available if required . On this basis the company is considered a going concern and the directors are of the opinion that the company will be able to pay it's debts as they fall due for at least twelve months from the date that the balance sheet was signed.
1c. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered 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, if any.
Commercial Vehiclesstraight line10%
Equipmentstraight line10%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
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 stocks recognised as an expense in the period in which the reversal occurs.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.

CASTCO LTD

1f. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
2. EMPLOYEES
20242023
No.No.
Average number of employees32
Key management personnel is restricted to that of the two directors.
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/202315,0008,76123,761
Additions-763763
Disposals-(400)(400)
At 31/03/202415,0009,12424,124
Depreciation
At 01/04/20232,5002,4774,977
Disposals-(400)(400)
For the year1,5009002,400
At 31/03/20244,0002,9776,977
Net Book Amounts
At 31/03/202411,0006,14717,147
At 31/03/202312,5006,28418,784
4. STOCK 20242023
££
Stock comprises:
Stock8,4007,120
8,4007,120

CASTCO LTD

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors3,9173,168
Prepayments1,4431,587
5,3604,755
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax42
VAT4,054-
PAYE control698698
Directors current account10,47010,470
Accruals3,9253,085
19,15114,255
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Barclays Bank UK plc - bounce back loan >1yr24,69530,142
24,69530,142
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

CASTCO LTD

9. OTHER FINANCIAL COMMITMENTS
At 31/03/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year2,2752,100
10. CONTROLLING PARTY
The company is jointly owned in equal proportion by the two directors Mr R Carroll and Mr C J Round.
11. RELATED PARTY TRANSACTIONS
Neither director Mr R Carroll or Mr C J Round received a dividend in the year to 31 March 2024 (31 March 2023 - nil).
12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company manufactures and sells ornaments and concrete casts. All of it's activities are carried out within the United Kingdom.
13. GENERAL INFORMATION
Castco Ltd is a private company limited by shares and incorporated in England. Its registered office is 13 Wolverhampton Road, Codsall, Wolverhampton, West Midlands, WV8 1PT.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.