BrightAccountsProduction v1.0.0 v1.0.0 2024-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of a holding company of a trading group. 5 March 2025 0 0 NI626638 2024-12-31 NI626638 2023-12-31 NI626638 2022-12-31 NI626638 2024-01-01 2024-12-31 NI626638 2023-01-01 2023-12-31 NI626638 uk-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI626638 uk-curr:PoundSterling 2024-01-01 2024-12-31 NI626638 uk-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI626638 uk-bus:FullAccounts 2024-01-01 2024-12-31 NI626638 uk-core:ShareCapital 2024-12-31 NI626638 uk-core:ShareCapital 2023-12-31 NI626638 uk-core:SharePremium 2024-12-31 NI626638 uk-core:SharePremium 2023-12-31 NI626638 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI626638 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI626638 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 NI626638 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI626638 uk-bus:FRS102 2024-01-01 2024-12-31 NI626638 uk-core:LandBuildings 2024-01-01 2024-12-31 NI626638 uk-core:Buildings 2024-01-01 2024-12-31 NI626638 uk-core:PlantMachinery 2024-01-01 2024-12-31 NI626638 uk-core:MotorVehicles 2024-01-01 2024-12-31 NI626638 uk-core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 NI626638 uk-core:CostValuation 2024-12-31 NI626638 uk-core:CurrentFinancialInstruments 2024-12-31 NI626638 uk-core:CurrentFinancialInstruments 2023-12-31 NI626638 uk-core:CurrentFinancialInstruments 2024-12-31 NI626638 uk-core:CurrentFinancialInstruments 2023-12-31 NI626638 uk-core:WithinOneYear 2024-12-31 NI626638 uk-core:WithinOneYear 2023-12-31 NI626638 uk-core:WithinOneYear 2024-12-31 NI626638 uk-core:WithinOneYear 2023-12-31 NI626638 uk-core:WithinOneYear 2024-12-31 NI626638 uk-core:WithinOneYear 2023-12-31 NI626638 uk-core:AfterOneYear 2024-12-31 NI626638 uk-core:AfterOneYear 2023-12-31 NI626638 uk-core:AfterOneYear 2024-12-31 NI626638 uk-core:AfterOneYear 2023-12-31 NI626638 uk-core:AfterOneYear 2024-12-31 NI626638 uk-core:AfterOneYear 2023-12-31 NI626638 uk-core:BetweenOneTwoYears 2024-12-31 NI626638 uk-core:BetweenOneTwoYears 2023-12-31 NI626638 uk-core:BetweenTwoFiveYears 2024-12-31 NI626638 uk-core:BetweenTwoFiveYears 2023-12-31 NI626638 uk-core:MoreThanFiveYears 2024-12-31 NI626638 uk-core:MoreThanFiveYears 2023-12-31 NI626638 uk-core:BetweenOneFiveYears 2024-12-31 NI626638 uk-core:BetweenOneFiveYears 2023-12-31 NI626638 uk-core:OtherMiscellaneousReserve 2023-12-31 NI626638 uk-core:OtherMiscellaneousReserve 2024-01-01 2024-12-31 NI626638 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 NI626638 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 NI626638 uk-core:OtherDeferredTax 2024-12-31 NI626638 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-12-31 NI626638 uk-core:OtherMiscellaneousReserve 2024-12-31 NI626638 2024-01-01 2024-12-31 NI626638 uk-bus:Director1 2024-01-01 2024-12-31 NI626638 uk-bus:Director2 2024-01-01 2024-12-31 NI626638 uk-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI626638
 
 
Castle Paving Northern Ireland Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 December 2024
Castle Paving Northern Ireland Ltd
Company Registration Number: NI626638
BALANCE SHEET
as at 31 December 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 3 860,611 839,904
Investments 4 420,110 420,110
───────── ─────────
Fixed Assets 1,280,721 1,260,014
───────── ─────────
 
Current Assets
Stocks 5 180,300 169,759
Debtors 6 1,226,381 924,763
Cash and cash equivalents 11,258 281,215
───────── ─────────
1,417,939 1,375,737
───────── ─────────
Creditors: amounts falling due within one year 7 (115,646) (92,069)
───────── ─────────
Net Current Assets 1,302,293 1,283,668
───────── ─────────
Total Assets less Current Liabilities 2,583,014 2,543,682
 
Creditors:
amounts falling due after more than one year 8 (454,850) (592,070)
 
Provisions for liabilities 9 (61,232) (68,896)
───────── ─────────
Net Assets 2,066,932 1,882,716
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Share premium account 10 419,999 419,999
Retained earnings 1,646,833 1,462,617
───────── ─────────
Equity attributable to owners of the company 2,066,932 1,882,716
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 5 March 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Damian O'Neill     Shauna O'Neill
Director     Director
           



Castle Paving Northern Ireland Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024

   
1. General Information
 
Castle Paving Northern Ireland Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI626638. The registered office of the company is 25a Aghascrebagh Road, Greencastle, Omagh, Co Tyrone, BT79 8HJ, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Short leasehold property - 5% Straight line
  Plant and machinery - 10% Reducing Balance
  Motor vehicles - 25% Reducing Balance
  Website - 33% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Stocks
Stockss are valued at the lower of cost and net realisable value. Stockss are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.

               
3. Tangible assets
  Land and Short Plant and Motor Website Total
  buildings leasehold machinery vehicles    
  freehold property        
  £ £ £ £ £ £
Cost
At 1 January 2024 457,568 - 471,230 197,465 18,900 1,145,163
Additions 90,000 115,374 - - - 205,374
Disposals (90,000) - (17,000) - - (107,000)
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 December 2024 457,568 115,374 454,230 197,465 18,900 1,243,537
  ───────── ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2024 78,928 - 105,223 102,397 18,711 305,259
Charge for the financial year 18,303 5,769 35,485 23,767 189 83,513
On disposals - - (5,846) - - (5,846)
  ───────── ───────── ───────── ───────── ───────── ─────────
At 31 December 2024 97,231 5,769 134,862 126,164 18,900 382,926
  ───────── ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 December 2024 360,337 109,605 319,368 71,301 - 860,611
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════
At 31 December 2023 378,640 - 366,007 95,068 189 839,904
  ═════════ ═════════ ═════════ ═════════ ═════════ ═════════

           
3.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2024   2023  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Plant and machinery 25,260 2,807 28,067 3,119
Motor vehicles 65,332 21,777 89,871 29,957
  ───────── ───────── ───────── ─────────
  90,592 24,584 117,938 33,076
  ═════════ ═════════ ═════════ ═════════
       
4. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 31 December 2024 420,110 420,110
  ───────── ─────────
Net book value
At 31 December 2024 420,110 420,110
  ═════════ ═════════
At 31 December 2023 420,110 420,110
  ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 180,300 169,759
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Amounts owed by group undertakings 1,206,755 924,483
Taxation 19,626 -
Prepayments and accrued income - 280
  ───────── ─────────
  1,226,381 924,763
  ═════════ ═════════
 
Castle Paving Northern Ireland Ltd has a fixed and floating charge with a negative pledge over all the property in Castle Paving Ireland Ltd.
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank loan 61,863 52,903
Net obligations under finance leases
and hire purchase contracts 37,891 32,044
Trade creditors 1,814 1,814
Taxation 13,578 4,808
Accruals 500 500
  ───────── ─────────
  115,646 92,069
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 324,866 393,999
Finance leases and hire purchase contracts 51,565 90,579
Directors' loan accounts 78,419 107,492
  ───────── ─────────
  454,850 592,070
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 61,863 52,903
Repayable between one and two years 123,726 105,806
Repayable between two and five years 124,572 206,803
Repayable in five years or more 76,568 81,390
  ───────── ─────────
  386,729 446,902
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 37,891 32,044
Repayable between one and five years 51,565 90,579
  ───────── ─────────
  89,456 122,623
  ═════════ ═════════
 
The bank loan is a mortgage from Danske Bank for £550,000 taken out over 15 years. Interest is charged quarterly and is at a variable rate. The collateral for the loan is all the companies owned by Castle Paving Northern Ireland Ltd including the properties and assets.
 
Northern Bank Limited has a fixed and floating charge with a negative pledge over the property of Castle Paving Northern Ireland Ltd.
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2024 2023
  £ £ £ £
 
At financial year start 68,896 - 68,896 70,327
Charged to profit and loss 9,442 (17,106) (7,664) (1,431)
  ───────── ───────── ───────── ─────────
At financial year end 78,338 (17,106) 61,232 68,896
  ═════════ ═════════ ═════════ ═════════
   
10. Reserves
 
Share Premium Reserve
 
The amount carried forward is the premium that arose from the issue of shares in 2015.
 
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2024.
           
12. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
At the start of the year, Castle Paving Northern Ireland Ltd owed £107,492 to the directors. During the year, the company borrowed £7,160 and repaid £36,233 leaving a closing balance of £78,419 (2023: £107,492) due to the directors. This is included in the creditors section of the balance sheet.
   
13. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.