1 October 2023 v2024.55.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP057291752023-10-012024-09-30057291752024-09-30057291752023-09-3005729175core:WithinOneYear2024-09-3005729175core:WithinOneYear2023-09-3005729175core:ShareCapital2024-09-3005729175core:ShareCapital2023-09-3005729175core:RetainedEarningsAccumulatedLosses2024-09-3005729175core:RetainedEarningsAccumulatedLosses2023-09-3005729175bus:Director12023-10-012024-09-3005729175bus:RegisteredOffice2023-10-012024-09-3005729175core:MotorVehicles2023-10-012024-09-30057291752022-10-012023-09-3005729175core:PlantMachinery2023-10-0105729175core:PlantMachinery2023-10-012024-09-3005729175core:PlantMachinery2024-09-3005729175core:PlantMachinery2023-09-300572917512023-10-012024-09-3005729175countries:EnglandWales2023-10-012024-09-3005729175bus:AuditExemptWithAccountantsReport2023-10-012024-09-3005729175bus:PrivateLimitedCompanyLtd2023-10-012024-09-3005729175bus:SmallEntities2023-10-012024-09-3005729175bus:FullAccounts2023-10-012024-09-30
Company registration number:
05729175
Castle Glass & Windows Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Castle Glass & Windows Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Castle Glass & Windows Limited
Year ended
30 September 2024
As described on the statement of financial position, the Board of Directors of
Castle Glass & Windows Limited
are responsible for the preparation of the
financial statements
for the year ended
30 September 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Atlas Accountancy Limited
Chartered Certified Accountants
South Park Chambers
South Park
Gerrards Cross
Bucks
SL9 8HF
United Kingdom
Date:
1 November 2024
Castle Glass & Windows Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 5
38,496
 
21,744
 
Current assets    
Stocks
27,688
 
43,234
 
Debtors 6
181,043
 
305,550
 
Cash at bank and in hand
559,631
 
419,646
 
768,362
 
768,430
 
Creditors: amounts falling due within one year 7
(270,967
)
(230,565
)
Net current assets
497,395
 
537,865
 
Total assets less current liabilities 535,891   559,609  
Capital and reserves    
Called up share capital
4
 
4
 
Profit and loss account
535,887
 
559,605
 
Shareholders funds
535,891
 
559,609
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
1 November 2024
, and are signed on behalf of the board by:
B Castle
Director
Company registration number:
05729175
Castle Glass & Windows Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
C/O Atlas Consultancy Limited
,
South Park
,
Gerrards Cross
,
SL9 8HF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
5
(2023:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
132,066
 
Additions
32,000
 
Disposals
(32,922
)
At
30 September 2024
131,144
 
Depreciation  
At
1 October 2023
110,322
 
Charge
15,248
 
Disposals
(32,922
)
At
30 September 2024
92,648
 
Carrying amount  
At
30 September 2024
38,496
 
At 30 September 2023
21,744
 

6 Debtors

20242023
££
Trade debtors
169,143
 
253,628
 
Other debtors
11,900
 
51,922
 
181,043
 
305,550
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
136,034
 
133,150
 
Taxation and social security
130,796
 
78,990
 
Other creditors
4,137
 
18,425
 
270,967
 
230,565