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REGISTERED NUMBER: 04607484 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

CAS Electronics Limited

CAS Electronics Limited (Registered number: 04607484)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CAS Electronics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss G Blake





REGISTERED OFFICE: Unit 23
Riverside Industrial Park
Ipswich
Suffolk
IP2 8JX





REGISTERED NUMBER: 04607484 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

CAS Electronics Limited (Registered number: 04607484)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,800
Tangible assets 5 21,454 26,701
21,454 32,501

CURRENT ASSETS
Stocks 41,687 14,390
Debtors 6 195,191 314,677
Cash at bank 197,936 266,399
434,814 595,466
CREDITORS
Amounts falling due within one year 7 91,301 180,658
NET CURRENT ASSETS 343,513 414,808
TOTAL ASSETS LESS CURRENT LIABILITIES 364,967 447,309

PROVISIONS FOR LIABILITIES 2,603 3,506
NET ASSETS 362,364 443,803

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 362,264 443,703
SHAREHOLDERS' FUNDS 362,364 443,803

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

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

The director acknowledges her 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.

CAS Electronics Limited (Registered number: 04607484)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





Miss G Blake - Director


CAS Electronics Limited (Registered number: 04607484)

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

1. STATUTORY INFORMATION

CAS Electronics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.
Long leasehold - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

CAS Electronics Limited (Registered number: 04607484)

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

2. ACCOUNTING POLICIES - continued

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 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.

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.

Going concern
The director continues to forecast and monitor cashflows carefully and adjust expenditure accordingly. The director therefore considers that the going concern basis of accounting is appropriate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 116,000
AMORTISATION
At 1 April 2023 110,200
Amortisation for year 5,800
At 31 March 2024 116,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 5,800

CAS Electronics Limited (Registered number: 04607484)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 19,145 140,271 7,272
Additions - - -
Disposals - (6,301 ) (2,349 )
At 31 March 2024 19,145 133,970 4,923
DEPRECIATION
At 1 April 2023 13,640 122,776 5,151
Charge for year 766 4,374 530
Eliminated on disposal - (6,146 ) (1,927 )
At 31 March 2024 14,406 121,004 3,754
NET BOOK VALUE
At 31 March 2024 4,739 12,966 1,169
At 31 March 2023 5,505 17,495 2,121

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 5,169 4,637 176,494
Additions - 2,863 2,863
Disposals - (2,297 ) (10,947 )
At 31 March 2024 5,169 5,203 168,410
DEPRECIATION
At 1 April 2023 4,652 3,574 149,793
Charge for year 129 1,734 7,533
Eliminated on disposal - (2,297 ) (10,370 )
At 31 March 2024 4,781 3,011 146,956
NET BOOK VALUE
At 31 March 2024 388 2,192 21,454
At 31 March 2023 517 1,063 26,701

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 80,429 105,280
Other debtors 114,762 209,397
195,191 314,677

CAS Electronics Limited (Registered number: 04607484)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 51,478 25,663
Taxation and social security (5,174 ) 22,953
Other creditors 44,997 132,042
91,301 180,658

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100