REGISTERED NUMBER: 05649420 (England and Wales)

KASTRONIX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Winstanley

REGISTERED OFFICE:

Unit 6 Stoneacre

Grimbald Crag Close

St James Business Park

Knaresborough

North Yorkshire

HG5 8PJ

REGISTERED NUMBER:

05649420 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

BANKERS:

National Westminster Bank Plc

3 Cambridge Crescent

Harrogate

North Yorkshire

HG1 1PE

FIXED ASSETS

Intangible assets

4

44,073

66,111

Tangible assets

5

5,009

7,040

Investments

6

120

120

49,202

73,271

CURRENT ASSETS

Stocks

437,769

395,766

Debtors

7

425,379

431,697

Cash at bank and in hand

4,284,371

4,023,651

5,147,519

4,851,114

CREDITORS

Amounts falling due within one year

8

3,868,498

359,974

NET CURRENT ASSETS

1,279,021

4,491,140

TOTAL ASSETS LESS CURRENT LIABILITIES

1,328,223

4,564,411

PROVISIONS FOR LIABILITIES

1,252

1,760

NET ASSETS

1,326,971

4,562,651

CAPITAL AND RESERVES

Called up share capital

67,983

67,983

Retained earnings

1,258,988

4,494,668

SHAREHOLDERS' FUNDS

1,326,971

4,562,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 July 2025 and were signed by:

S Winstanley - Director

1.	STATUTORY INFORMATION

Kastronix 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.

Preparation of consolidated financial statements

The financial statements contain information about Kastronix Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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.

Turnover represents net invoiced value of services provided, excluding value added tax, adjusted for opening and closing amounts receivable under contracts and work in progress.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 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.

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.

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 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

461,928

AMORTISATION

At 1 January 2024

395,817

Charge for year

22,038

At 31 December 2024

417,855

NET BOOK VALUE

At 31 December 2024

44,073

At 31 December 2023

66,111

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

5,468

11,226

25,735

42,429

Additions

-

967

1,139

2,106

At 31 December 2024

5,468

12,193

26,874

44,535

DEPRECIATION

At 1 January 2024

5,468

10,557

19,364

35,389

Charge for year

-

428

3,709

4,137

At 31 December 2024

5,468

10,985

23,073

39,526

NET BOOK VALUE

At 31 December 2024

-

1,208

3,801

5,009

At 31 December 2023

-

669

6,371

7,040

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

120

NET BOOK VALUE

At 31 December 2024

120

At 31 December 2023

120

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

334,421

346,244

Other debtors

90,958

85,453

425,379

431,697

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

120,142

142,415

Amounts owed to group undertakings

3,500,120

120

Taxation and social security

201,747

192,658

Other creditors

46,489

24,781

3,868,498

359,974

None of the creditors are secured.

9.	OTHER FINANCIAL COMMITMENTS

The company has total future commitments of £60,000.