REGISTERED NUMBER: 03047916 (England and Wales)

Caswood Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr H Hargreaves

Mrs V Hargreaves

Mr S Hargreaves

Mr B L Olbison

REGISTERED OFFICE:

Unit 4

Horbury Junction Industrial Estate

Horbury

Wakefield

West Yorkshire

WF4 5ER

REGISTERED NUMBER:

03047916 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

National Westminster Bank plc

56 Westgate

Wakefield

WF1 1XF

FIXED ASSETS

Tangible assets

4

11,508

17,818

CURRENT ASSETS

Stocks

59,228

43,973

Debtors

5

9,119

25,059

Cash at bank and in hand

87,378

121,837

155,725

190,869

CREDITORS

Amounts falling due within one year

6

60,371

78,873

NET CURRENT ASSETS

95,354

111,996

TOTAL ASSETS LESS CURRENT LIABILITIES

106,862

129,814

PROVISIONS FOR LIABILITIES

658

2,010

NET ASSETS

106,204

127,804

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

106,004

127,604

SHAREHOLDERS' FUNDS

106,204

127,804

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 directors acknowledge their 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 Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

Mr H Hargreaves - Director

Mrs V Hargreaves - Director

1.	STATUTORY INFORMATION

Caswood 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 company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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.

Long leasehold improvements

-

Over the term of the lease

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

All fixed assets are initially recorded 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.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Long

Fixtures

leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 January 2024

2,450

122,040

66,714

Additions

-

569

417

Disposals

-

-

-

At 31 December 2024

2,450

122,609

67,131

DEPRECIATION

At 1 January 2024

2,450

117,419

58,208

Charge for year

-

954

1,657

Eliminated on disposal

-

-

-

At 31 December 2024

2,450

118,373

59,865

NET BOOK VALUE

At 31 December 2024

-

4,236

7,266

At 31 December 2023

-

4,621

8,506

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

43,740

30,643

265,587

Additions

-

-

986

Disposals

-

(4,234

)

(4,234

)

At 31 December 2024

43,740

26,409

262,339

DEPRECIATION

At 1 January 2024

39,317

30,375

247,769

Charge for year

4,423

261

7,295

Eliminated on disposal

-

(4,233

)

(4,233

)

At 31 December 2024

43,740

26,403

250,831

NET BOOK VALUE

At 31 December 2024

-

6

11,508

At 31 December 2023

4,423

268

17,818

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,103

16,818

Tax

-

1,327

Prepayments

7,016

6,914

9,119

25,059

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 7)

-

1,389

Trade creditors

12,243

15,948

Social security and other taxes

7,844

6,456

VAT

16,201

20,144

Other creditors

1,459

6,021

Directors' current accounts

7,264

7,473

Accruals and deferred income

15,360

21,442

60,371

78,873

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2024

2023

£

£

Net obligations repayable:

Within one year

-

1,389

Non-cancellable

operating leases

2024

2023

£

£

Within one year

12,281

15,562

Between one and five years

-

9,844

12,281

25,406

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

-

1,389

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

51

A Ordinary

£1

51

51

50

B Ordinary

£1

50

50

67

C Ordinary

£1

67

67

32

D Ordinary

£1

32

32

200

200