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REGISTERED NUMBER: 01284002 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

R.D. Castings Limited

R.D. Castings Limited (Registered number: 01284002)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.D. Castings Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: R E Pateman
M R Pateman
Mrs J L Pateman
A L Pateman





REGISTERED OFFICE: 10 Leyton Avenue
Mildenhall
Suffolk
IP28 7BL





REGISTERED NUMBER: 01284002 (England and Wales)





ACCOUNTANTS: FWD Accounts Limited
7 Forbes Business Centre
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR

R.D. Castings Limited (Registered number: 01284002)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 2,264,558 2,277,243

CURRENT ASSETS
Stocks 457,562 325,230
Debtors 4 802,678 772,494
Investments 5 5,215 4,385
Cash at bank 700,544 708,154
1,965,999 1,810,263
CREDITORS
Amounts falling due within one year 6 860,630 850,778
NET CURRENT ASSETS 1,105,369 959,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,369,927

3,236,728

CREDITORS
Amounts falling due after more than one
year

7

(155,284

)

(281,731

)

PROVISIONS FOR LIABILITIES 9 (350,791 ) (325,852 )
NET ASSETS 2,863,852 2,629,145

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Fair value reserve 3,707 3,167
Retained earnings 2,850,145 2,615,978
SHAREHOLDERS' FUNDS 2,863,852 2,629,145

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

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

R.D. Castings Limited (Registered number: 01284002)

Balance Sheet - continued
31 October 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 29 April 2025 and were signed on its behalf by:




R E Pateman - Director



Mrs J L Pateman - Director


R.D. Castings Limited (Registered number: 01284002)

Notes to the Financial Statements
for the year ended 31 October 2024


1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 10% on cost and 10% on reducing balance
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining useful life by equal annual instalments. Where buildings are maintained to such a standard that their estimated residual value is not less than their cost or valuation, no depreciation is charged as it is not material.

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.

Hire purchase and leasing commitments
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.

R.D. Castings Limited (Registered number: 01284002)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 41 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 692,160 3,413,301 242,378 149,910 4,497,749
Additions - 132,909 11,199 51,900 196,008
At 31 October 2024 692,160 3,546,210 253,577 201,810 4,693,757
DEPRECIATION
At 1 November 2023 - 1,945,545 216,703 58,258 2,220,506
Charge for year - 177,808 5,807 25,078 208,693
At 31 October 2024 - 2,123,353 222,510 83,336 2,429,199
NET BOOK VALUE
At 31 October 2024 692,160 1,422,857 31,067 118,474 2,264,558
At 31 October 2023 692,160 1,467,756 25,675 91,652 2,277,243


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 717,432 721,881
Prepayments 85,246 50,613
802,678 772,494

5. CURRENT ASSET INVESTMENTS
31/10/24 31/10/23
£    £   
Listed investments 5,215 4,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 126,447 157,003
Trade creditors 266,621 335,663
Tax 93,759 33,048
Social security and other taxes 23,351 55,760
VAT 89,598 93,543
Directors' current accounts 108,661 56,025
Deferred grant income 61,261 65,941
Accrued expenses 90,932 53,795
860,630 850,778

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Hire purchase contracts 155,284 281,731

R.D. Castings Limited (Registered number: 01284002)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31/10/24 31/10/23
£    £   
Hire purchase contracts 281,731 438,734

9. PROVISIONS FOR LIABILITIES
31/10/24 31/10/23
£    £   
Deferred tax 350,791 325,852

Deferred
tax
£   
Balance at 1 November 2023 325,852
Charge to Income Statement during year 24,939
Balance at 31 October 2024 350,791

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/24 31/10/23
value: £    £   
10,000 Ordinary £1 10,000 10,000

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr R E Pateman & Mrs J L Pateman by virtue of their shareholdings.