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REGISTERED NUMBER: 05574011 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CST AUTOMATION LIMITED

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CST AUTOMATION LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Mr G H Kerfoot
Mrs G L Kerfoot



SECRETARY: Mrs G L Kerfoot



REGISTERED OFFICE: Unit 14
Crown Business Centre
George Street
Failsworth
Greater Manchester
M35 9BW



REGISTERED NUMBER: 05574011 (England and Wales)



BANKERS: Barclays Bank Plc
Ashton-under-Lyne Branch
Leicester
Leicestershire
LE87 2BB



SOLICITORS: No firm appointed
x
x
x

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 67,592 88,381
67,593 88,382

CURRENT ASSETS
Stocks 261,044 125,907
Debtors 6 271,984 245,487
Cash at bank and in hand 161,566 299,976
694,594 671,370
CREDITORS
Amounts falling due within one year 7 288,251 284,290
NET CURRENT ASSETS 406,343 387,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,936

475,462

CREDITORS
Amounts falling due after more than
one year

8

-

(33,588

)

PROVISIONS FOR LIABILITIES (24,176 ) (22,148 )
NET ASSETS 449,760 419,726

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

BALANCE SHEET - continued
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 448,760 418,726
SHAREHOLDERS' FUNDS 449,760 419,726

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mrs G L Kerfoot - Director


CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

CST Automation 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.

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.

Turnover represents sales of goods net of value added tax and trade discounts. Turnover is recognised when the goods are physically despatched to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 50% 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.

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.


CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

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 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 5 (2023 - 5 ) .

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 31,500
AMORTISATION
At 1 April 2023
and 31 March 2024 31,499
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,900 144,009 152,909
DEPRECIATION
At 1 April 2023 890 63,638 64,528
Charge for year 890 19,899 20,789
At 31 March 2024 1,780 83,537 85,317
NET BOOK VALUE
At 31 March 2024 7,120 60,472 67,592
At 31 March 2023 8,010 80,371 88,381

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 62,305
DEPRECIATION
At 1 April 2023 23,300
Charge for year 8,378
At 31 March 2024 31,678
NET BOOK VALUE
At 31 March 2024 30,627
At 31 March 2023 39,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 271,254 228,500
Other debtors 730 16,987
271,984 245,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts and finance leases (see note 9)
33,588

7,130
Trade creditors 90,052 107,624
Taxation and social security 150,598 154,693
Other creditors 14,013 14,843
288,251 284,290

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts and finance leases (see note 9)
-

33,588

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
31/3/24 31/3/23 31/3/24 31/3/23
£    £    £    £   
Net obligations repayable:
Within one year 525 1,681 33,063 5,449
Between one and five years - 525 - 33,063
525 2,206 33,063 38,512

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts and finance leases 33,588 40,718

11. CAPITAL COMMITMENTS
31/3/24 31/3/23
£    £   
Contracted but not provided for in the
financial statements 49,210 49,210

Due to a delay in finalising matters, the capital commitment noted at 31 March 2023 was eventually completed on 8 April 2024.

CST AUTOMATION LIMITED (REGISTERED NUMBER: 05574011)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
Mr G H Kerfoot and Mrs G L Kerfoot
Balance outstanding at start of year 16,262 15,931
Amounts advanced 18,643 16,262
Amounts repaid (34,905 ) (15,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 16,262

The company levied interest on the short-term directors' loan.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £126,000 (2023 - £120,000) were paid to the directors .