Company No: 09728615 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	149,166		172,798
		149,166		172,798
Current assets
Stocks	4	561,289		616,000
Debtors	5	683,742		259,125
Cash at bank and in hand		11,080		15,241
		1,256,111		890,366
Creditors: amounts falling due within one year	6	( 702,465)		( 296,598)
Net current assets		553,646		593,768
Total assets less current liabilities		702,812		766,566
Creditors: amounts falling due after more than one year	7	( 101,540)		( 121,753)
Provision for liabilities		( 764)		( 4,341)
Net assets		600,508		640,472
Capital and reserves
Called-up share capital	8	1,000		1,000
Profit and loss account		599,508		639,472
Total shareholder's funds		600,508		640,472

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Castletech Projects Ltd (registered number: 09728615) were approved and authorised for issue by the Director on 01 October 2025. They were signed on its behalf by:

J L Craig Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Castletech Projects Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2 - 8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is North Fossil Farm, Winfrith Newburgh, Dorchester, Dorset, DT2 8DB.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have incurred in bringing the stocks 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.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	20 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		3

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 May 2024	20,526		161,643		11,194		193,363
Additions	0		0		5,585		5,585
At 30 April 2025	20,526		161,643		16,779		198,948
Accumulated depreciation
At 01 May 2024	11,419		4,041		5,105		20,565
Charge for the financial year	1,366		23,640		4,211		29,217
At 30 April 2025	12,785		27,681		9,316		49,782
Net book value
At 30 April 2025	7,741		133,962		7,463		149,166
At 30 April 2024	9,107		157,602		6,089		172,798

4. Stocks

	2025		2024
	£		£
Work in progress	561,289		616,000

5. Debtors

	2025		2024
	£		£
Trade debtors	44,187		109,583
Corporation tax	0		55,961
Other debtors	639,555		93,581
	683,742		259,125

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,143		10,148
Trade creditors	97,657		78,281
Amounts owed to Group undertakings	568,000		185,500
Corporation tax	7,406		0
Other taxation and social security	889		4,309
Obligations under finance leases and hire purchase contracts	10,216		4,329
Other creditors	8,154		14,031
	702,465		296,598

Hire purchase agreements are secured against the assets to which they are related.

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

	2025		2024
	£		£
Bank loans	1,522		11,519
Obligations under finance leases and hire purchase contracts	100,018		110,234
	101,540		121,753

Hire purchase agreements are secured against the assets to which they are related.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Director's loan account	(183)		59,817

Interest has been charged at the applicable HMRC rates.