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REGISTERED NUMBER: 04268042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Castle Fire Limited

Castle Fire Limited (Registered number: 04268042)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Castle Fire Limited (Registered number: 04268042)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 222,641 224,203
222,641 224,203

CURRENT ASSETS
Stocks 87,570 74,777
Debtors 6 360,930 335,729
Cash at bank and in hand 43,631 117,701
492,131 528,207
CREDITORS
Amounts falling due within one year 7 369,434 384,143
NET CURRENT ASSETS 122,697 144,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,338

368,267

CREDITORS
Amounts falling due after more than one
year

8

(56,571

)

(54,295

)

PROVISIONS FOR LIABILITIES (42,302 ) (42,599 )
NET ASSETS 246,465 271,373

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 246,345 271,253
246,465 271,373

Castle Fire Limited (Registered number: 04268042)

Balance Sheet - continued
31 October 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





C Rhodes - Director


Castle Fire Limited (Registered number: 04268042)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Castle Fire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04268042

Registered office: Ghyll Mill
Beehive Lane
New Hutton
Kendal
LA8 0AJ

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.

Goodwill
Goodwill on the acquisition of the business has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.


Castle Fire Limited (Registered number: 04268042)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 120,000
AMORTISATION
At 1 November 2023
and 31 October 2024 120,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Castle Fire Limited (Registered number: 04268042)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 59,154 12,750 337,166 409,070
Additions 11,133 388 87,687 99,208
Disposals - - (60,750 ) (60,750 )
At 31 October 2024 70,287 13,138 364,103 447,528
DEPRECIATION
At 1 November 2023 41,551 9,304 134,012 184,867
Charge for year 6,419 878 67,326 74,623
Eliminated on disposal - - (34,603 ) (34,603 )
At 31 October 2024 47,970 10,182 166,735 224,887
NET BOOK VALUE
At 31 October 2024 22,317 2,956 197,368 222,641
At 31 October 2023 17,603 3,446 203,154 224,203

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 312,947 297,690
Amounts recoverable on
contracts in progress 16,127 12,897
Other debtors 31,856 25,142
360,930 335,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 74,589 67,983
Trade creditors 78,247 113,278
Taxation and social security 57,551 74,149
Other creditors 159,047 128,733
369,434 384,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 56,571 54,295