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COMPANY REGISTRATION NUMBER: 03003395

Cardinal Cast Slates Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Cardinal Cast Slates Ltd

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Cardinal Cast Slates Ltd

Statement of Financial Position as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 176,015 | 169,689
Current assets |  |  |
Stocks | 6 | 108,395 | 102,539
Debtors | 7 | 221,518 | 178,505
Cash at bank and in hand |  | 1,189,103 | 933,939
|  | 1,519,016 | 1,214,983
Creditors: Amounts falling due within one year | 8 | (249,521) | (178,971)
Net current assets |  | 1,269,495 | 1,036,012
Total assets less current liabilities |  | 1,445,510 | 1,205,701
Provisions for liabilities |  | (9,521) | (6,114)
Net assets |  | 1,435,989 | 1,199,587
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Capital redemption reserve |  | 1 | 1
Retained earnings |  | 1,434,988 | 1,198,586
Shareholders' funds |  | 1,435,989 | 1,199,587

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Company registration number: :03003395

Approved and authorised by the Board on 8 April 2026 and signed on its behalf by:

Cardinal Cast Slates Ltd

Statement of Financial Position as at 31 December 2025 (continued)

Mr T G A Richards Director | Mr R A Parsons Director |

Cardinal Cast Slates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

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

The address of its registered office is:
Claywell Farm
Aston Road
Ducklington
Witney
Oxfordshire
OX29 7QZ

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.

Cardinal Cast Slates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

Key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Plant & Equipment | 25% straight line
Computer Equipment | 25% straight line
Leasehold improvements | 26 years straight line

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.

Cardinal Cast Slates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2 | Accounting policies (continued)

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 17 (2024 - 15).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 17,572 | 18,861

Cardinal Cast Slates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5 | Tangible assets

| Short leasehold land and buildings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 January 2025 | 197,012 | 543,078 | 4,724 | 744,814
Additions | 19,535 | 4,363 | - | 23,898
At 31 December 2025 | 216,547 | 547,441 | 4,724 | 768,712
Depreciation
At 1 January 2025 | 51,779 | 518,622 | 4,724 | 575,125
Charge for the year | 8,329 | 9,243 | - | 17,572
At 31 December 2025 | 60,108 | 527,865 | 4,724 | 592,697
Carrying amount
At 31 December 2025 | 156,439 | 19,576 | - | 176,015
At 31 December 2024 | 145,233 | 24,456 | - | 169,689

Included within the net book value of land and buildings above is £156,439 (2024 - £145,233) in respect of short leasehold land and buildings.

6 | Stocks

| 2025 £ | 2024 £
Finished goods and goods for resale | 108,395 | 102,539

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 206,325 | 156,872
Prepayments | 11,864 | 14,688
Other debtors | 3,329 | 6,945
| 221,518 | 178,505

Cardinal Cast Slates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 3,927 | 4,851
Taxation and social security | 201,134 | 144,609
Accruals and deferred income | 28,111 | 22,707
Other creditors | 16,349 | 6,804
| 249,521 | 178,971

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000