Registered number
09579182
Castlepoint Services Limited
Filleted Accounts
31 March 2024
Castlepoint Services Limited
Registered number: 09579182
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 332 1,247
Current assets
Debtors 4 505 468
Cash at bank and in hand 133 10,582
638 11,050
Creditors: amounts falling due within one year 5 (29,117) (20,052)
Net current liabilities (28,479) (9,002)
Total assets less current liabilities (28,147) (7,755)
Creditors: amounts falling due after more than one year 6 (11,689) (21,667)
Net liabilities (39,836) (29,422)
Capital and reserves
Called up share capital 1 1
Profit and loss account (39,837) (29,423)
Shareholders' funds (39,836) (29,422)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Going Concern
Although there is a net deficit of assets over liabilities in the year, the accounts have been prepared on a going concern basis on the assurances provided by the directors in their continued support of the company's trading activities.
A. Greensmith
Director
Approved by the board on 13 March 2025
Castlepoint Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 3 years
Website over 3 years
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 26
3 Tangible fixed assets
Computer equipment Machinery and equipment Website Total
£ £ £ £
Cost
At 1 April 2023 5,704 4,122 13,310 23,136
Disposals - (1,397) - (1,397)
At 31 March 2024 5,704 2,725 13,310 21,739
Depreciation
At 1 April 2023 5,199 3,380 13,310 21,889
Charge for the year 173 492 - 665
On disposals - (1,147) - (1,147)
At 31 March 2024 5,372 2,725 13,310 21,407
Net book value
At 31 March 2024 332 - - 332
At 31 March 2023 505 742 - 1,247
4 Debtors 2024 2023
£ £
Other debtors - CT recoverable 505 468
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Taxation and social security costs 2,787 775
Director current account 12,675
Other creditors 3,655 9,277
29,117 20,052
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,689 21,667
7 Other information
Castlepoint Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5, Silversmith Court
10 High Street
Eton
Berkshire
SL4 6AS
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