Registration number: 08259643

Carysil Brassware Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Carysil Brassware Limited

(Registration number: 08259643)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	50,473
Current assets
Stocks	5	-	445,673
Debtors	6	8,971	188,817
Cash at bank and in hand		130,209	160,523
		139,180	795,013
Creditors: Amounts falling due within one year	7	(138,798)	(256,850)
Net current assets		382	538,163
Total assets less current liabilities		382	588,636
Creditors: Amounts falling due after more than one year	7	-	(42,459)
Provisions for liabilities		-	(12,617)
Net assets		382	533,560
Capital and reserves
Called up share capital		100	100
Retained earnings		282	533,460
Shareholders' funds		382	533,560

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been 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 and Directors' Report.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

Mr M J Smyth Director

Carysil Brassware Limited

Notes to the Financial Statements for the Year Ended 31 March 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:
Ground Floor
Lower Washford Mill
Mill Street
Congleton
Cheshire
CW12 2AD

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 4 September 2025 was Damian Wayne Riley FCCA, who signed for and on behalf of Alextra Audit Limited.

Carysil Brassware Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account when arriving at the operating profit.

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 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.

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

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
Motor vehicles	25% Reducing balance
Furniture, fittings and equipment	15% Reducing balance
Other tangible assets	25% Reducing balance

Carysil Brassware Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company’s statement of financial position when the company
becomes party to the contractual provisions of the instrument.

Financial assets are classified into specified categories. The classification depends on the nature and purpose
of the financial assets and is determined at the time of recognition.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets which include trade and other receivables and cash and bank balances, are initially
measured at transaction price including transaction costs are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest.

Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies
and preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 13).

Carysil Brassware Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	43,365	82,970	15,444	141,779
Additions	126	-	-	126
Disposals	(43,491)	(82,970)	(15,444)	(141,905)
At 31 March 2025	-	-	-	-
Depreciation
At 1 April 2024	27,826	51,414	12,066	91,306
Charge for the year	5,758	7,595	839	14,192
Eliminated on disposal	(33,584)	(59,009)	(12,905)	(105,498)
At 31 March 2025	-	-	-	-
Carrying amount
At 31 March 2025	-	-	-	-
At 31 March 2024	15,539	31,556	3,378	50,473

Assets held under finance leases and hire purchase contracts

The net carrying amount of tangible assets includes Motor vehicles of £nil (2024 - £30,032) which are held under finance leases and hire purchase contracts.

5

Stocks

	2025 £	2024 £
Other inventories	-	445,673

6

Debtors

Current	2025 £	2024 £
Trade debtors	-	161,606
Prepayments	-	26,041
Other debtors	8,971	1,170
	8,971	188,817

Carysil Brassware Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	-	61,141
Trade creditors		-	49,629
Owed to group undertakings		137,493	102,021
Taxation and social security		1,305	22,869
Accruals and deferred income		-	20,527
Other creditors		-	663
		138,798	256,850

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	47,380
HP and finance lease liabilities	-	13,761
	-	61,141

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	42,459

Carysil Brassware Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	33,952
Hire purchase contracts	-	8,507
	-	42,459

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	47,380
Hire purchase contracts	-	13,761
	-	61,141