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REGISTERED NUMBER: 04537351 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Cast Tec Limited

Cast Tec Limited (Registered number: 04537351)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cast Tec Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: G Moore
A Byrne
B Hart
M Hayes





SECRETARY: N Ellayathamby





REGISTERED OFFICE: Unit 3B
East Side
Tyne Dock
South Shields
Tyne and Wear
NE33 5SP





REGISTERED NUMBER: 04537351 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Cast Tec Limited (Registered number: 04537351)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 83,130 107,484

CURRENT ASSETS
Stocks 717,617 729,791
Debtors 5 301,502 253,477
Cash at bank and in hand 26,546 34,817
1,045,665 1,018,085
CREDITORS
Amounts falling due within one year 6 (622,817 ) (632,566 )
NET CURRENT ASSETS 422,848 385,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,978

493,003

CREDITORS
Amounts falling due after more than one
year

7

(37,264

)

(63,704

)

PROVISIONS FOR LIABILITIES 10 (20,707 ) (26,824 )
NET ASSETS 448,007 402,475

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 438,007 392,475
SHAREHOLDERS' FUNDS 448,007 402,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Cast Tec Limited (Registered number: 04537351)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





G Moore - Director


Cast Tec Limited (Registered number: 04537351)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Cast Tec 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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 recognition
Income is recognised at point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - over period of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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.


Cast Tec Limited (Registered number: 04537351)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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
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 11 (2023 - 11 ) .

Cast Tec Limited (Registered number: 04537351)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 55,504 64,753 159,360 16,937 296,554
Additions - 3,000 - 1,582 4,582
At 30 September 2024 55,504 67,753 159,360 18,519 301,136
DEPRECIATION
At 1 October 2023 55,504 61,289 57,180 15,097 189,070
Charge for year - 1,648 25,545 1,743 28,936
At 30 September 2024 55,504 62,937 82,725 16,840 218,006
NET BOOK VALUE
At 30 September 2024 - 4,816 76,635 1,679 83,130
At 30 September 2023 - 3,464 102,180 1,840 107,484

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 142,010
Transfer to ownership (28,250 )
At 30 September 2024 113,760
DEPRECIATION
At 1 October 2023 44,341
Charge for year 24,417
Transfer to ownership (21,546 )
At 30 September 2024 47,212
NET BOOK VALUE
At 30 September 2024 66,548
At 30 September 2023 97,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 264,469 237,330
Other debtors 19,456 1,632
Prepayments and accrued income 17,577 14,515
301,502 253,477

Cast Tec Limited (Registered number: 04537351)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 25,403 31,428
Trade creditors 68,096 55,303
Amounts owed to associates 315,323 452,633
Taxation and social security 109,068 65,599
Other creditors 91,337 16,504
Directors' loan accounts 6,110 7,666
Accruals and deferred income 7,480 3,433
622,817 632,566

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 37,264 63,704

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 25,403 31,428
Between one and five years 37,264 63,704
62,667 95,132

Non-cancellable operating leases
2024 2023
£    £   
Within one year 132,283 132,283
Between one and five years 163,354 297,637
295,637 429,920

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 62,667 95,132

Hire purchase contracts are secured on the assets to which they relate.

Other creditors are secured over the assets to which they relate.

Cast Tec Limited (Registered number: 04537351)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 20,707 26,824

Deferred
tax
£   
Balance at 1 October 2023 26,824
Accelerated capital allowances (6,117 )
Balance at 30 September 2024 20,707

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 A Ordinary £1 5,000 5,000
5,000 B Ordinary £1 5,000 5,000
10,000 10,000

12. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions other than those detailed below:

2024 2023
£ £
Amounts owed to the director 6,110 7,666

No interest was charged.