REGISTERED NUMBER: 08326812 (England and Wales)

Paul Castle Associates Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

94,755

156,592

CURRENT ASSETS

Debtors

5

707,448

807,819

Cash at bank

64,018

281,173

771,466

1,088,992

CREDITORS

Amounts falling due within one year

6

354,255

595,418

NET CURRENT ASSETS

417,211

493,574

TOTAL ASSETS LESS CURRENT LIABILITIES

511,966

650,166

CREDITORS

Amounts falling due after more than one year

7

(91,411

)

(90,794

)

PROVISIONS FOR LIABILITIES

(6,709

)

(13,391

)

NET ASSETS

413,846

545,981

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

413,845

545,980

413,846

545,981

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr P A Castle - Director

1.	STATUTORY INFORMATION

Paul Castle Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08326812

Registered office:

38 Queens Road

Winchester

SO22 4PH

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 25% on reducing balance, 20% on cost and 15% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

382,581

Additions

44,291

Disposals

(230,823

)

At 31 December 2024

196,049

DEPRECIATION

At 1 January 2024

225,989

Charge for year

65,852

Eliminated on disposal

(190,547

)

At 31 December 2024

101,294

NET BOOK VALUE

At 31 December 2024

94,755

At 31 December 2023

156,592

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

205,200

303,688

Other debtors

393,822

504,131

599,022

807,819

Amounts falling due after more than one year:

Other debtors

108,426

-

Aggregate amounts

707,448

807,819

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

17,964

17,829

Trade creditors

56,100

57,022

Taxation and social security

178,464

307,550

Other creditors

101,727

213,017

354,255

595,418

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

52,908

70,872

Other creditors

38,503

19,922

91,411

90,794

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans and overdrafts

38,542

51,042

Other creditors

48,931

33,381

87,473

84,423

The bank loan is secured by a fixed and floating charge over the assets of the company. Other secured creditors are represented by hire purchase contracts, and these are secured upon the asset to which they relate.