Associated Casing Company Limited 31/12/2024 iXBRL

Company registration number: 01013062

Associated Casing Company Limited

Unaudited filleted financial statements

31 December 2024

Associated Casing Company Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Associated Casing Company Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	49,898		49,955
		_______		_______
			49,898		49,955

Current assets
Stocks		943,056		1,039,718
Debtors	6	910,902		1,108,085
Cash at bank and in hand		328,208		89,605
		_______		_______
		2,182,166		2,237,408
Creditors: amounts falling due
within one year	7	( 633,561)		( 694,251)
		_______		_______
Net current assets			1,548,605		1,543,157
			_______		_______
Total assets less current liabilities			1,598,503		1,593,112

Creditors: amounts falling due
after more than one year	8		( 24,885)		( 100,233)

Provisions for liabilities			( 7,729)		( 6,490)

			_______		_______
Net assets			1,565,889		1,486,389
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Revaluation reserve			1,586		2,115
Profit and loss account			1,563,303		1,483,274
			_______		_______
Shareholders funds			1,565,889		1,486,389
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr T Rudgley

Director

Company registration number: 01013062

Associated Casing Company Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 1 January 2023	1,000	2,820	1,541,731	1,545,551

Profit/(loss) for the year			( 59,162)	( 59,162)
Other comprehensive income for the year:
Reclassification from revaluation reserve to profit and loss account		( 705)	705	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 705)	( 58,457)	( 59,162)

	_______	_______	_______	_______
At 31 December 2023 and 1 January 2024	1,000	2,115	1,483,274	1,486,389

Profit/(loss) for the year			153,200	153,200
Other comprehensive income for the year:
Reclassification from revaluation reserve to profit and loss account		( 529)	529	-
	_______	_______	_______	_______
Total comprehensive income for the year	-	( 529)	153,729	153,200

Dividends paid and payable			( 73,700)	( 73,700)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 73,700)	( 73,700)

	_______	_______	_______	_______
At 31 December 2024	1,000	1,586	1,563,303	1,565,889
	_______	_______	_______	_______

Associated Casing Company Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Asco House, Helions Bumpstead Road, Haverhill, Suffolk, CB9 7AA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation.Any Tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	5 %	straight line
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2023: 21 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	141,604	281,627	72,602	33,480	529,313
Additions	-	13,956	8,318	-	22,274
Disposals	-	-	-	( 17,980)	( 17,980)
	_______	_______	_______	_______	_______
At 31 December 2024	141,604	295,583	80,920	15,500	533,607
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	136,217	253,067	65,961	24,113	479,358
Charge for the year	694	10,629	4,399	920	16,642
Disposals	-	-	-	( 12,291)	( 12,291)
	_______	_______	_______	_______	_______
At 31 December 2024	136,911	263,696	70,360	12,742	483,709
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	4,693	31,887	10,560	2,758	49,898
	_______	_______	_______	_______	_______
At 31 December 2023	5,387	28,560	6,641	9,367	49,955
	_______	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	863,290	996,471
Other debtors	47,612	111,614
	_______	_______
	910,902	1,108,085
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	75,348	62,629
Trade creditors	467,057	508,373
Corporation tax	49,305	74,231
Social security and other taxes	13,624	13,753
Other creditors	28,227	35,265
	_______	_______
	633,561	694,251
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	24,885	100,233
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr T Rudgley	62,307	761	( 63,068)	-
		_______	_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr T Rudgley	60,973	1,334	-	62,307
		_______	_______	_______	_______