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REGISTERED NUMBER: 00817931 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

DRAYCAST FOUNDRIES LIMITED

DRAYCAST FOUNDRIES LIMITED (REGISTERED NUMBER: 00817931)






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


DRAYCAST FOUNDRIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: P Nagle
S Nagle





SECRETARY: P Nagle





REGISTERED OFFICE: Bellingdon Road
Chesham
Buckinghamshire
HP5 2NR





REGISTERED NUMBER: 00817931 (England and Wales)





ACCOUNTANTS: Durrants, Chartered Accountants
24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS

DRAYCAST FOUNDRIES LIMITED (REGISTERED NUMBER: 00817931)

BALANCE SHEET
31 July 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 744,169 776,381

CURRENT ASSETS
Stocks 132,286 261,135
Debtors 5 800,603 820,148
Cash at bank and in hand 144,856 294,081
1,077,745 1,375,364
CREDITORS
Amounts falling due within one year 6 578,789 770,950
NET CURRENT ASSETS 498,956 604,414
TOTAL ASSETS LESS CURRENT LIABILITIES 1,243,125 1,380,795

CREDITORS
Amounts falling due after more than one year 7 (162,463 ) (187,105 )

PROVISIONS FOR LIABILITIES (22,672 ) (18,534 )
NET ASSETS 1,057,990 1,175,156

CAPITAL AND RESERVES
Called up share capital 10 8,000 8,000
Revaluation reserve 11 - 528,688
Capital redemption reserve 4,000 4,000
Other reserves 521,439 -
Retained earnings 524,551 634,468
SHAREHOLDERS' FUNDS 1,057,990 1,175,156

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.

DRAYCAST FOUNDRIES LIMITED (REGISTERED NUMBER: 00817931)

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 8 April 2025 and were signed on its behalf by:




P Nagle - Director



S Nagle - Director


DRAYCAST FOUNDRIES LIMITED (REGISTERED NUMBER: 00817931)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Draycast Foundries 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.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

DRAYCAST FOUNDRIES LIMITED (REGISTERED NUMBER: 00817931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 1,112,467 1,360,708 2,473,175
Additions - 3,886 3,886
At 31 July 2024 1,112,467 1,364,594 2,477,061
DEPRECIATION
At 1 August 2023 451,422 1,245,372 1,696,794
Charge for year 17,573 18,525 36,098
At 31 July 2024 468,995 1,263,897 1,732,892
NET BOOK VALUE
At 31 July 2024 643,472 100,697 744,169
At 31 July 2023 661,045 115,336 776,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 704,035 798,123
Other debtors 96,568 22,025
800,603 820,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 30,486 32,152
Trade creditors 280,700 309,850
Taxation and social security 181,038 261,071
Other creditors 86,565 167,877
578,789 770,950

DRAYCAST FOUNDRIES LIMITED (REGISTERED NUMBER: 00817931)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans 162,463 187,105

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/7/24 31/7/23
£    £   
Within one year 14,383 17,590
Between one and five years 5,487 19,870
19,870 37,460

9. SECURED DEBTS

The following secured debts are included within creditors:

31/7/24 31/7/23
£    £   
Bank overdrafts and loans 172,115 188,423

The bank loan and overdraft for the sum of £172,115 are secured by an unlimited debenture incorporating a legal charge on the freehold property of the Company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
8,000 Ordinary £1 8,000 8,000

11. RESERVES

The Revaluation reserve has been transferred to Other Reserves. Both reserves are non-distributable.

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, Draycast Foundries Pension Scheme, for the directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £3,573 (2023: £3,202) were due to the fund. They are included in other creditors.

13. ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party identifiable during the year.