REGISTERED NUMBER: 10511024 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

CASTLE KEEP SURVEYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Dixon

Mrs A L Dixon

REGISTERED OFFICE:

The Keep

The Village

Castle Eden

Co. Durham

TS27 4SL

REGISTERED NUMBER:

10511024 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson

Chartered Accountants

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Tangible assets

4

187,913

304,137

Investments

5

50

50

187,963

304,187

CURRENT ASSETS

Stocks

150,000

225,000

Debtors

6

805,295

728,610

Cash at bank and in hand

434

3,467

955,729

957,077

CREDITORS

Amounts falling due within one year

7

850,961

814,997

NET CURRENT ASSETS

104,768

142,080

TOTAL ASSETS LESS CURRENT LIABILITIES

292,731

446,267

CREDITORS

Amounts falling due after more than one year

8

(283,560

)

(425,491

)

PROVISIONS FOR LIABILITIES

(46,978

)

(48,620

)

NET LIABILITIES

(37,807

)

(27,844

)

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

(37,827

)

(27,864

)

(37,807

)

(27,844

)

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 29 September 2025 and were signed on its behalf by:

M Dixon - Director

1.	STATUTORY INFORMATION

Castle Keep Surveys 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.

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.

The financial statements have been prepared on the going concern basis of accounting. At the balance sheet date the company's liabilities exceeded its assets by £37,807 (2023 - £27,844). The directors have confirmed that they will continue to support the company continuing in trade.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

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

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 16 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

386,881

6,707

119,967

513,555

Disposals

(20,999

)

-

(56,981

)

(77,980

)

At 31 December 2024

365,882

6,707

62,986

435,575

DEPRECIATION

At 1 January 2024

156,189

3,520

49,709

209,418

Charge for year

55,478

1,052

13,503

70,033

Eliminated on disposal

(5,697

)

-

(26,092

)

(31,789

)

At 31 December 2024

205,970

4,572

37,120

247,662

NET BOOK VALUE

At 31 December 2024

159,912

2,135

25,866

187,913

At 31 December 2023

230,692

3,187

70,258

304,137

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

338,885

119,967

458,852

Disposals

(20,999

)

(56,981

)

(77,980

)

Transfer to ownership

(43,067

)

-

(43,067

)

At 31 December 2024

274,819

62,986

337,805

DEPRECIATION

At 1 January 2024

118,575

49,709

168,284

Charge for year

52,882

13,503

66,385

Eliminated on disposal

(5,697

)

(26,092

)

(31,789

)

Transfer to ownership

(25,149

)

-

(25,149

)

At 31 December 2024

140,611

37,120

177,731

NET BOOK VALUE

At 31 December 2024

134,208

25,866

160,074

At 31 December 2023

220,310

70,258

290,568

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

50

NET BOOK VALUE

At 31 December 2024

50

At 31 December 2023

50

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

147,426

196,480

Other debtors

492,820

398,809

640,246

595,289

Amounts falling due after more than one year:

Other debtors

165,049

133,321

Aggregate amounts

805,295

728,610

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

67

-

Hire purchase contracts

94,798

126,246

Trade creditors

26,082

60,618

Taxation and social security

512,429

498,132

Other creditors

217,585

130,001

850,961

814,997

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

38,233

148,834

Other creditors

245,327

276,657

283,560

425,491

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

22,043

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

133,031

275,080

Secured lending

108,559

-

241,590

275,080

Hire purchase liabilities are secured against the asset to which they relate.

Secured lending is secured against trade debtors and a fixed and floating charge over all property and assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

M Dixon and Mrs A L Dixon

Balance outstanding at start of year

398,809

138,472

Amounts advanced

94,011

260,337

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

492,820

398,809

The directors loan account is repayable upon demand and interest has been charged at the appropriate rate.