Company registration number: 01456622
Unaudited financial statements
for the year ended 31 March 2025
for
Novacast Limited
Pages for filing with the Registrar
Company registration number: 01456622
Novacast Limited
Balance sheet
as at 31 March 2025
31 Mar 25 31 Mar 24
Note £ £ £ £
Fixed assets
Tangible assets 4 266,541 257,564
266,541 257,564
Current assets
Stocks 1,163,606 888,081
Debtors 1,805,915 1,406,890
Investments 31,500 31,500
Cash at bank and in hand 1,049,530 1,127,816
4,050,551 3,454,287
Creditors: amounts falling due within one
year
(901,055) (601,836)
Net current assets 3,149,496 2,852,451
Total assets less current liabilities 3,416,037 3,110,015
Creditors: Amounts falling due after more
than one year
- (23,281)
NET ASSETS 3,416,037 3,086,734
Capital and reserves
Called up share capital 450 450
Profit and loss account 3,415,587 3,086,284
TOTAL EQUITY 3,416,037 3,086,734
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01456622
Novacast Limited
Balance sheet - continued
as at 31 March 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 8 July 2025 and signed on its behalf by:
Mr R Phillips, Director
8 July 2025
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Novacast Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Novacast Limited is a private company registered in England and Wales. Its registered number is 01456622. The company is limited by shares. Its registered office is Novacast Ltd, 8 Lancaster Park Industrial Estate, Melksham, Wiltshire, SN12 6TT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Land and buildings:
Leasehold Building Improvement - 10% reducing balance
Plant and machinery etc.:
Plant and Machinery - 10% reducing balance
Fixtures and Fittings - 10% reducing balance
Motor Vehicles - 20% reducing balance
Office Equipment - 10% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Novacast Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 21 (2024 - 21).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
At 1 April 2024 - 718,072 718,072
Additions 7,158 80,643 87,801
Disposals - (146,094) (146,094)
At 31 March 2025 7,158 652,621 659,779
Depreciation
At 1 April 2024 - 460,508 460,508
Charge for year 716 26,269 26,985
Eliminated on disposal - (94,255) (94,255)
At 31 March 2025 716 392,522 393,238
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Novacast Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
Net book value
At 31 March 2025 6,442 260,099 266,541
At 31 March 2024 - 257,564 257,564
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the periods ended 31 March 2025 and 31 March 2024.
31 Mar 25 31 Mar 24
£ £
Mr R Phillips
Balance outstanding at start of year 3,791 3,791
Amounts advanced (3,791) -
Balance outstanding at end of year - 3,791
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