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REGISTERED NUMBER: 13833749 (England and Wales)










Castle Chippy Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025






Castle Chippy Ltd (Registered number: 13833749)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Castle Chippy Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTOR: Mr Daniel Kieron George Bone





REGISTERED OFFICE: 51 Moor Lane
Clitheroe
Lancashire
BB7 1BE





REGISTERED NUMBER: 13833749 (England and Wales)






Castle Chippy Ltd (Registered number: 13833749)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
Fixed assets
Intangible assets 4 80,500 92,000
Tangible assets 5 55,043 51,774
135,543 143,774

Current assets
Stocks 6 12,129 4,500
Debtors 7 1,986 1,504
Cash at bank and in hand 72,069 57,685
86,184 63,689
Creditors
Amounts falling due within one year 8 (19,750 ) (12,815 )
Net current assets 66,434 50,874
Total assets less current liabilities 201,977 194,648

Creditors
Amounts falling due after more than one
year

9

(171,373

)

(229,202

)
Net assets/(liabilities) 30,604 (34,554 )

Capital and reserves
Called up share capital 100 100
Retained earnings 30,504 (34,654 )
30,604 (34,554 )

Castle Chippy Ltd (Registered number: 13833749)

Balance Sheet - continued
31 January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2025 and were signed by:





Mr Daniel Kieron George Bone - Director


Castle Chippy Ltd (Registered number: 13833749)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
51 Moor Lane
Clitheroe
Lancashire
BB7 1BE

2. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all the years presented, unless otherwise stated.

STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

GOODWILL
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

AMORTISATION
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset classAmortisation method and rate
GoodwillStraight line over 10 years

Castle Chippy Ltd (Registered number: 13833749)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows;

Asset classDepreciation method and rate
Plant and machinery20% Straight line
Motor vehicles25% Straight line
Computer equipment33.33% Straight line

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of 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.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Castle Chippy Ltd (Registered number: 13833749)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 115,000
AMORTISATION
At 1 February 2024 23,000
Amortisation for year 11,500
At 31 January 2025 34,500
NET BOOK VALUE
At 31 January 2025 80,500
At 31 January 2024 92,000

Castle Chippy Ltd (Registered number: 13833749)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 50,760 3,400 10,509 64,669
Additions - 19,099 1,675 20,774
Disposals - (3,400 ) - (3,400 )
At 31 January 2025 50,760 19,099 12,184 82,043
DEPRECIATION
At 1 February 2024 8,051 1,204 3,640 12,895
Charge for year 10,152 1,200 3,957 15,309
Eliminated on disposal - (1,204 ) - (1,204 )
At 31 January 2025 18,203 1,200 7,597 27,000
NET BOOK VALUE
At 31 January 2025 32,557 17,899 4,587 55,043
At 31 January 2024 42,709 2,196 6,869 51,774

6. STOCKS
2025 2024
£    £   
Raw materials and consumables 12,129 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,788 984
Prepayments 198 520
1,986 1,504

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,768 -
Corporation tax 799 -
PAYE and NIC creditor 990 1,287
Pension Liability 215 92
VAT 14,688 10,251
Accruals 1,290 1,185
19,750 12,815

Castle Chippy Ltd (Registered number: 13833749)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Directors' loan accounts 171,373 229,202