Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Ian Cameron James Cameron 03/07/1990 29 April 2025 The principal activity of the Company during the financial year continued to be that of a plant hire contractor. SC099900 2024-07-31 SC099900 bus:Director2 2024-07-31 SC099900 2023-07-31 SC099900 core:CurrentFinancialInstruments 2024-07-31 SC099900 core:CurrentFinancialInstruments 2023-07-31 SC099900 core:Non-currentFinancialInstruments 2024-07-31 SC099900 core:Non-currentFinancialInstruments 2023-07-31 SC099900 core:ShareCapital 2024-07-31 SC099900 core:ShareCapital 2023-07-31 SC099900 core:RevaluationReserve 2024-07-31 SC099900 core:RevaluationReserve 2023-07-31 SC099900 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC099900 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC099900 core:PlantMachinery 2023-07-31 SC099900 core:Vehicles 2023-07-31 SC099900 core:OfficeEquipment 2023-07-31 SC099900 core:PlantMachinery 2024-07-31 SC099900 core:Vehicles 2024-07-31 SC099900 core:OfficeEquipment 2024-07-31 SC099900 core:CurrentFinancialInstruments 10 2024-07-31 SC099900 core:CurrentFinancialInstruments 10 2023-07-31 SC099900 bus:OrdinaryShareClass1 2024-07-31 SC099900 2023-08-01 2024-07-31 SC099900 bus:FilletedAccounts 2023-08-01 2024-07-31 SC099900 bus:SmallEntities 2023-08-01 2024-07-31 SC099900 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC099900 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC099900 bus:Director1 2023-08-01 2024-07-31 SC099900 bus:Director2 2023-08-01 2024-07-31 SC099900 core:PlantMachinery 2023-08-01 2024-07-31 SC099900 core:Vehicles 2023-08-01 2024-07-31 SC099900 core:OfficeEquipment 2023-08-01 2024-07-31 SC099900 2022-08-01 2023-07-31 SC099900 core:CurrentFinancialInstruments 2023-08-01 2024-07-31 SC099900 core:Non-currentFinancialInstruments 2023-08-01 2024-07-31 SC099900 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 SC099900 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 SC099900 1 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC099900 (Scotland)

CASTLE PLANT (DEESIDE) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH THE REGISTRAR

CASTLE PLANT (DEESIDE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024

Contents

CASTLE PLANT (DEESIDE) LIMITED

BALANCE SHEET

AS AT 31 JULY 2024
CASTLE PLANT (DEESIDE) LIMITED

BALANCE SHEET (continued)

AS AT 31 JULY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 41,241 60,414
41,241 60,414
Current assets
Stocks 20,000 28,968
Debtors 4 12,688 13,711
32,688 42,679
Creditors: amounts falling due within one year 5 ( 75,023) ( 94,839)
Net current liabilities (42,335) (52,160)
Total assets less current liabilities (1,094) 8,254
Creditors: amounts falling due after more than one year 6 0 ( 1,628)
Provision for liabilities 7 ( 10,276) ( 12,755)
Net liabilities ( 11,370) ( 6,129)
Capital and reserves
Called-up share capital 8 115,000 115,000
Revaluation reserve 9,724 11,745
Profit and loss account ( 136,094 ) ( 132,874 )
Total shareholders' deficit ( 11,370) ( 6,129)

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Castle Plant (Deeside) Limited (registered number: SC099900) were approved and authorised for issue by the Board of Directors on 29 April 2025. They were signed on its behalf by:

Ian Cameron
Director
CASTLE PLANT (DEESIDE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
CASTLE PLANT (DEESIDE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JULY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Castle Plant (Deeside) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 19 Mortlich Gardens, Aboyne, AB34 5HW, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £11,370. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 August 2023 187,808 16,012 2,338 206,158
Disposals ( 39,500) 0 0 ( 39,500)
At 31 July 2024 148,308 16,012 2,338 166,658
Accumulated depreciation
At 01 August 2023 136,606 7,005 2,133 145,744
Charge for the financial year 7,306 2,252 51 9,609
Disposals ( 29,936) 0 0 ( 29,936)
At 31 July 2024 113,976 9,257 2,184 125,417
Net book value
At 31 July 2024 34,332 6,755 154 41,241
At 31 July 2023 51,202 9,007 205 60,414

4. Debtors

2024 2023
£ £
Trade debtors 6,623 708
Other taxation and social security 5,294 12,232
Other debtors 771 771
12,688 13,711

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 25,544 54,064
Other taxation and social security 5,476 189
Obligations under finance leases and hire purchase contracts 0 6,247
Other creditors 44,003 34,339
75,023 94,839

The bank has a standard security over the business premises and a floating charge over all the property and undertakings of the company.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 0 1,628

There are no amounts included above in respect of which any security has been given by the small entity.

7. Provision for liabilities

2024 2023
£ £
Deferred tax 10,276 12,755

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
115,000 Ordinary shares of £ 1.00 each 115,000 115,000

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amounts owed to Directors 36,661 28,047

10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.