Registration number: 00631385

J.T. & E. Castings Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

J.T. & E. Castings Limited

(Registration number: 00631385)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	46,089	42,090
Current assets
Stocks	6	40,016	39,281
Debtors	7	120,778	151,729
Cash at bank and in hand		361,973	349,620
		522,767	540,630
Creditors: Amounts falling due within one year	8	(234,747)	(231,121)
Net current assets		288,020	309,509
Total assets less current liabilities		334,109	351,599
Provisions for liabilities		(2,122)	(932)
Net assets		331,987	350,667
Capital and reserves
Called up share capital		500	500
Retained earnings		331,487	350,167
Shareholders' funds		331,987	350,667

J.T. & E. Castings Limited

(Registration number: 00631385)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

......................................... Mrs J Fleming Company secretary and director

J.T. & E. Castings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Haigh Foundry
Leyland Mill Lane
Wigan
WN1 2SA

These financial statements were authorised for issue by the Board on 30 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

J.T. & E. Castings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold property	2% reducing balance
Plant and machinery	20% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 12).

J.T. & E. Castings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	1,901	1,748

5	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 July 2024	83,724	302,788	386,512
Additions	-	5,900	5,900
At 30 June 2025	83,724	308,688	392,412
Depreciation
At 1 July 2024	45,363	299,059	344,422
Charge for the year	762	1,139	1,901
At 30 June 2025	46,125	300,198	346,323
Carrying amount
At 30 June 2025	37,599	8,490	46,089
At 30 June 2024	38,361	3,729	42,090

6

Stocks

	2025 £	2024 £
Work in progress	17,100	15,300
Finished goods and goods for resale	22,916	23,981
	40,016	39,281

7

Debtors

Current	2025 £	2024 £
Trade debtors	96,264	126,792
Prepayments	24,514	24,937
	120,778	151,729

J.T. & E. Castings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	18,832	29,248
Taxation and social security	23,818	23,612
Accruals and deferred income	2,726	2,718
Other creditors	189,371	175,543
	234,747	231,121