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REGISTERED NUMBER: 01684913 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

CASTEX PRODUCTS LIMITED

CASTEX PRODUCTS LIMITED (REGISTERED NUMBER: 01684913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CASTEX PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr M J Whitehead
Mr T J Whitehead



SECRETARY: Mr M J Whitehead



REGISTERED OFFICE: Woodside Street
New Mills
High Peak
Derbyshire
SK22 3HF



REGISTERED NUMBER: 01684913 (England and Wales)



ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH



BANKERS: Macclesfield Branch
2 Chestergate
Macclefield
Cheshire
SK11 6BA

CASTEX PRODUCTS LIMITED (REGISTERED NUMBER: 01684913)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621,577 722,229

CURRENT ASSETS
Stocks 557,195 764,101
Debtors 5 390,629 391,898
Investments 6 1,423,238 1,321,482
Cash at bank and in hand 5,073,047 4,388,747
7,444,109 6,866,228
CREDITORS
Amounts falling due within one year 7 622,934 407,306
NET CURRENT ASSETS 6,821,175 6,458,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,442,752

7,181,151

PROVISIONS FOR LIABILITIES 8 77,039 65,330
NET ASSETS 7,365,713 7,115,821

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Capital redemption reserve 470,100 470,100
Retained earnings 6,885,613 6,635,721
SHAREHOLDERS' FUNDS 7,365,713 7,115,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

CASTEX PRODUCTS LIMITED (REGISTERED NUMBER: 01684913)

BALANCE SHEET - continued
30TH JUNE 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 10th January 2025 and were signed on its behalf by:




Mr M J Whitehead - Director



Mr T J Whitehead - Director


CASTEX PRODUCTS LIMITED (REGISTERED NUMBER: 01684913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Castex Products 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks and work in progress are valued at the lower of cost and net realisable value, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


CASTEX PRODUCTS LIMITED (REGISTERED NUMBER: 01684913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to income in the period to which they relate.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 1,368,133 2,061,471 3,429,604
Additions - 5,866 5,866
At 30th June 2024 1,368,133 2,067,337 3,435,470
DEPRECIATION
At 1st July 2023 1,086,533 1,620,842 2,707,375
Charge for year 39,592 66,926 106,518
At 30th June 2024 1,126,125 1,687,768 2,813,893
NET BOOK VALUE
At 30th June 2024 242,008 379,569 621,577
At 30th June 2023 281,600 440,629 722,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,568 310,247
Other debtors 83,061 81,651
390,629 391,898

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Investments 1,423,238 1,321,482

CASTEX PRODUCTS LIMITED (REGISTERED NUMBER: 01684913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 251,090 77,477
Taxation and social security 19,066 36,496
Other creditors 352,778 293,333
622,934 407,306

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Capital allowances in excess of depreciation 88,727 102,457
Revaluation of investments (11,688 ) (37,127 )
77,039 65,330

Deferred
tax
£   
Balance at 1st July 2023 65,330
Charge to Income Statement during year 11,709
Balance at 30th June 2024 77,039

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000