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REGISTERED NUMBER: 06710573 (England and Wales)















CASLAB LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






CASLAB LIMITED (REGISTERED NUMBER: 06710573)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASLAB LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Dr S K Dau
H S Gill





REGISTERED OFFICE: Merrimead
Constable Road
Ilkley
LS29 8RW





REGISTERED NUMBER: 06710573 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

CASLAB LIMITED (REGISTERED NUMBER: 06710573)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,099 114,301

CURRENT ASSETS
Stocks 46,517 44,598
Debtors 5 79,065 3,100
Cash at bank 245,111 226,395
370,693 274,093
CREDITORS
Amounts falling due within one year 6 (168,536 ) (134,879 )
NET CURRENT ASSETS 202,157 139,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,256

253,515

CREDITORS
Amounts falling due after more than one
year

7

(760

)

(5,320

)

PROVISIONS FOR LIABILITIES 10 (3,775 ) (28,575 )
NET ASSETS 212,721 219,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,621 219,520
SHAREHOLDERS' FUNDS 212,721 219,620

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

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

CASLAB LIMITED (REGISTERED NUMBER: 06710573)

BALANCE SHEET - continued
31 July 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 25 March 2025 and were signed on its behalf by:





H S Gill - Director


CASLAB LIMITED (REGISTERED NUMBER: 06710573)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024


1. STATUTORY INFORMATION

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

The company recognises revenue when the amounts of revenue can be reliably measured, it is probable that future economic benefits will flow to the company, and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, finance leases, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


CASLAB LIMITED (REGISTERED NUMBER: 06710573)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2023 - 10 ) .

CASLAB LIMITED (REGISTERED NUMBER: 06710573)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 256,709
Additions 1,499
Disposals (143,675 )
At 31 July 2024 114,533
DEPRECIATION
At 1 August 2023 142,408
Charge for year 9,712
Eliminated on disposal (52,686 )
At 31 July 2024 99,434
NET BOOK VALUE
At 31 July 2024 15,099
At 31 July 2023 114,301

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 22,968
DEPRECIATION
At 1 August 2023 13,076
Charge for year 4,593
At 31 July 2024 17,669
NET BOOK VALUE
At 31 July 2024 5,299
At 31 July 2023 9,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,565 2,600
Amounts owed by group undertakings 1,500 -
Other debtors 75,000 500
79,065 3,100

CASLAB LIMITED (REGISTERED NUMBER: 06710573)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 4,560 4,560
Trade creditors 37,820 29,851
Taxation and social security 118,121 84,042
Other creditors 8,035 16,426
168,536 134,879

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 760 5,320

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,560 4,560
Between one and five years 760 5,320
5,320 9,880

Non-cancellable operating leases
2024 2023
£    £   
In more than five years 96,000 115,200

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 5,320 9,880

Debts are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,775 28,575

CASLAB LIMITED (REGISTERED NUMBER: 06710573)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 28,575
Credit to Income Statement during year (24,800 )
Balance at 31 July 2024 3,775

11. RELATED PARTY DISCLOSURES

At the period end £244 (2023 £1,949) was owed to the director by way of an interest free directors loan account.