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Registered number: 06912045
Castle Kelly Utilities Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Mountsides Limited
Chartered Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 06912045
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,500,240 1,592,192
Investments 5 186,614 -
1,686,854 1,592,192
CURRENT ASSETS
Debtors 4,008,375 3,425,217
Cash at bank and in hand 1,507,864 1,649,053
5,516,239 5,074,270
Creditors: Amounts Falling Due Within One Year (1,968,656 ) (1,845,178 )
NET CURRENT ASSETS (LIABILITIES) 3,547,583 3,229,092
TOTAL ASSETS LESS CURRENT LIABILITIES 5,234,437 4,821,284
Creditors: Amounts Falling Due After More Than One Year 6 (364,939 ) (485,504 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (375,060 ) (384,142 )
NET ASSETS 4,494,438 3,951,638
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 4,494,338 3,951,538
SHAREHOLDERS' FUNDS 4,494,438 3,951,638
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Geraldine Morrissey
Director
Mr Edward Morrissey
Director
12 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Castle Kelly Utilities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06912045 . The registered office is 2 Mountside, Stanmore, Middlesex, HA7 2DT.
The presentation currency of the financial statements is the Pound Sterling (£)
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the net invoiced value of services provided, excluding value added tax, in respect of the company's principal activity.
Turnover has also been recognised on on-going services, with the value of work completed but unbilled at the balance sheet date being taken to turnover and the associated costs, where not invoiced at that date, being accrued for.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Fixed Assests Investments
Fixed assets investments are recognised initially at fair value which is the transaction price excluding transaction
costs. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 9)
10 9
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 2,618,228
Additions 420,991
Disposals (12,927 )
As at 31 March 2025 3,026,292
Depreciation
As at 1 April 2024 1,026,036
Provided during the period 500,016
As at 31 March 2025 1,526,052
Net Book Value
As at 31 March 2025 1,500,240
As at 1 April 2024 1,592,192
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 189,900 253,200
Motor Vehicles 628,991 838,657
818,891 1,091,857
5. Investments
Total
£
Cost
As at 1 April 2024 -
Additions 186,614
As at 31 March 2025 186,614
Provision
As at 1 April 2024 -
As at 31 March 2025 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 186,614
As at 1 April 2024 -
7. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 537,654 678,291
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 50,000 50,000
Later than one year and not later than five years 145,833 195,833
195,833 245,833
10. Ultimate Controlling Party
The company is  a wholly owned subsidiary undertaking of Castle Kelly Holdings Limited, a company registered in England and Wales.
The ultimate controlling parties are the directors who hold the entire issued share capital of the parent company, Castle Kelly Holdings Limited.
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