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REGISTERED NUMBER: 02268122 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

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

Chartered Certified Accountants' Report 9

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr P S M Saunders





SECRETARY: Mr P S M Saunders





REGISTERED OFFICE: 6 Prospect Close
Lowmoor Business Park
Kirkby-in-Ashfield
Nottinghamshire
NG17 7LF





REGISTERED NUMBER: 02268122 (England and Wales)





ACCOUNTANTS: David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,238,545 1,735,305
Investments 5 5,735 5,735
2,244,280 1,741,040

CURRENT ASSETS
Stocks 391,750 301,207
Debtors 6 1,639,555 871,751
Cash at bank 55,801 312,738
2,087,106 1,485,696
CREDITORS
Amounts falling due within one year 7 1,276,789 1,133,716
NET CURRENT ASSETS 810,317 351,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,054,597

2,093,020

CREDITORS
Amounts falling due after more than one year 8 (741,210 ) (495,553 )

PROVISIONS FOR LIABILITIES 10 (317,737 ) (179,660 )
NET ASSETS 1,995,650 1,417,807

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Revaluation reserve 12 133,626 133,626
Retained earnings 1,762,024 1,184,181
SHAREHOLDERS' FUNDS 1,995,650 1,417,807

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 director acknowledges his 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.

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 May 2025 and were signed by:





Mr P S M Saunders - Director


CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Castle Engineering Co. (Bolsover) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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 25 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 609,843 4,169,880 4,779,723
Additions 98,548 697,406 795,954
Disposals - (18,000 ) (18,000 )
At 30 September 2024 708,391 4,849,286 5,557,677
DEPRECIATION
At 1 October 2023 155,883 2,888,535 3,044,418
Charge for year 12,833 263,231 276,064
Eliminated on disposal - (1,350 ) (1,350 )
At 30 September 2024 168,716 3,150,416 3,319,132
NET BOOK VALUE
At 30 September 2024 539,675 1,698,870 2,238,545
At 30 September 2023 453,960 1,281,345 1,735,305

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 563,127
At 30 September 2024 563,127
DEPRECIATION
Charge for year 44,799
At 30 September 2024 44,799
NET BOOK VALUE
At 30 September 2024 518,328

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 5,735
NET BOOK VALUE
At 30 September 2024 5,735
At 30 September 2023 5,735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,078,785 793,292
Amounts owed by group undertakings 22,176 -
Other debtors 538,594 78,459
1,639,555 871,751

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 555,424 716,460
Hire purchase contracts 224,422 70,501
Trade creditors 143,199 167,400
Amounts owed to group undertakings - 152,453
Taxation and social security 272,043 (16,400 )
Other creditors 81,701 43,302
1,276,789 1,133,716

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 288,562 332,333
Hire purchase contracts 452,648 163,220
741,210 495,553

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 18,742 7,710
Bank loans 825,244 1,041,083
Hire purchase contracts 677,070 233,721
1,521,056 1,282,514

Hire purchase contracts are secured on their respective fixed assets.

Bank loans and overdrafts are secured by a fixed and floating charge over the undertaking and all property and assets of the company..

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 317,737 179,660

Deferred
tax
£   
Balance at 1 October 2023 179,660
Provided during year 138,077
Accelerated capital allowances
Balance at 30 September 2024 317,737

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

12. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 133,626

CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED (REGISTERED NUMBER: 02268122)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr P S M Saunders
Balance outstanding at start of year 45,731 -
Amounts advanced 341,544 45,731
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 387,275 45,731

The director loan is unsecured, interest free and has no fixed repayment date.

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CASTLE ENGINEERING CO. (BOLSOVER)
LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Castle Engineering Co. (Bolsover) Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Castle Engineering Co. (Bolsover) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Castle Engineering Co. (Bolsover) Limited and state those matters that we have agreed to state to the director of Castle Engineering Co. (Bolsover) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Castle Engineering Co. (Bolsover) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Castle Engineering Co. (Bolsover) Limited. You consider that Castle Engineering Co. (Bolsover) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Castle Engineering Co. (Bolsover) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






David Rice Associates Ltd
Chartered Certified Accountants
4 Wellington Circus
Nottingham
Nottinghamshire
NG1 5AL


15 May 2025