04557169falsegeneral construction and civil engineering2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director12023-11-012024-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-11-012024-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-11-012024-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-11-012024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/2023-11-012024-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FRS1022023-11-012024-10-31http://www.companieshouse.gov.uk/2024-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-11-012024-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-11-012024-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04557169

Castles Engineering Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Castles Engineering Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
P R Castles
SECRETARY
Mrs C Castles
REGISTERED OFFICE
The Hangar, Powhill
Kirkbride
Wigton
Cumbria
CA7 5LF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04557169
BANKERS
Barclays Bank plc
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Castles Engineering Limited

ACCOUNTS
FOR THEYEARENDED31/10/2024
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-

Castles Engineering Limited

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2206,000208,037
CURRENT ASSETS
Stock24,0907,946
Debtors4123,92476,061
Cash at bank and in hand1,181,0091,233,748
1,329,0231,317,755
CREDITORS: Amounts falling due within one year5248,501288,706
NET CURRENT ASSETS1,080,5221,029,049
TOTAL ASSETS LESS CURRENT LIABILITIES1,286,5221,237,086
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account1,286,4221,236,986
SHAREHOLDERS' FUNDS1,286,5221,237,086
For the year ending 31/10/2024 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 19/02/2025 and signed on their behalf by
.............................
P R Castles
Director

Castles Engineering Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
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. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Biomass Boilerreducing balance 20%
Plant and Machineryreducing balance 20%
Fixtures and Fittingsstraight line 20%
Equipmentreducing balance 25%
Motor Vehiclesreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at fair value. No depreciation is charged on such property.
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. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon despatch of goods and provision of services.

Castles Engineering Limited

2. TANGIBLE FIXED ASSETS
InvestmentBiomassPlant andFixtures
PropertiesBoilerMachineryand FittingsEquipmentMotor VehiclesTotal
£££££££
Cost
At 01/11/202381,15766,000257,7624,01065,12343,611517,663
Additions--23,831608-24,08048,519
Disposals--(4,442)--(24,465)(28,907)
At 31/10/202481,15766,000277,1514,61865,12343,226537,275
Depreciation
At 01/11/2023-57,141199,7143,87622,46626,429309,626
Disposals--(3,252)--(10,703)(13,955)
For the year-1,77216,13815510,6646,87535,604
At 31/10/2024-58,913212,6004,03133,13022,601331,275
Net Book Amounts
At 31/10/202481,1577,08764,55158731,99320,625206,000
At 31/10/202381,1578,85958,04813442,65717,182208,037
3. STOCK 20242023
££
Stock comprises:
Stock24,0907,946
24,0907,946
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors122,88475,110
Prepayments1,040951
123,92476,061

Castles Engineering Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax26,741100,186
VAT14,71835,365
Other tax and social security creditors-1,201
Directors current account201,048148,716
Trade creditors3,494938
Accruals2,5002,300
248,501288,706
6. EMPLOYEES
20242023
No.No.
Average number of employees57
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. RELATED PARTY TRANSACTIONS
During the year total dividends of £50,000 (2023 - £50,000) were paid to the director and owners with a participating interest.
At the balance sheet date the company owed £201,048 (2023 - £148,716) to the director. The loan is unsecured, interest free and repayable on demand.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 04557169.
The company's registered office is The Hangar Powhill, Kirkbride, Wigton, CA7 5LF.