Castle Contracts (UK) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03001329

Castle Contracts (UK) Ltd

Filleted Unaudited Financial Statements

30 June 2025

Castle Contracts (UK) Ltd

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		278,016	239,225

Current assets

Debtors	7	26,567	14,762
Cash at bank and in hand		35,620	37,071
		--------	--------
		62,187	51,833

Creditors: amounts falling due within one year	8	111,894		115,271
		---------		---------
Net current liabilities			49,707	63,438
			---------	---------
Total assets less current liabilities			228,309	175,787

Creditors: amounts falling due after more than one year	9		4,736	25,963

Provisions	30,541	14,322
	---------	---------
Net assets	193,032	135,502
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	192,932	135,402
	---------	---------
Shareholders funds	193,032	135,502
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Castle Contracts (UK) Ltd

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 6 May 2026 , and are signed on behalf of the board by:

Mr N D Payne
Director

Company registration number: 03001329

Castle Contracts (UK) Ltd

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Paddocks, Green Road, Egham, Surrey, TW20 8QP, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The Financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue is recognised from vehicle rental and repairs when, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Trade debtors

Trade and other debtors are initially recognised at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment for bad and doubtful debts.

5. Trade and other creditors

Trade and other creditors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

6. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 July 2024	162,193	483,464	30,558	676,215
Additions	–	114,267	6,000	120,267
Disposals	–	( 22,140)	–	( 22,140)
	---------	---------	--------	---------
At 30 June 2025	162,193	575,591	36,558	774,342
	---------	---------	--------	---------
Depreciation
At 1 July 2024	143,033	264,820	29,137	436,990
Charge for the year	4,790	68,949	1,231	74,970
Disposals	–	( 15,634)	–	( 15,634)
	---------	---------	--------	---------
At 30 June 2025	147,823	318,135	30,368	496,326
	---------	---------	--------	---------
Carrying amount
At 30 June 2025	14,370	257,456	6,190	278,016
	---------	---------	--------	---------
At 30 June 2024	19,160	218,644	1,421	239,225
	---------	---------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	26,567	14,762
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	11,141	10,000
Social security and other taxes	584	2,997
Other creditors	100,169	102,274
	---------	---------
	111,894	115,271
	---------	---------

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

	2025	2024
	£	£
Other creditors	4,736	25,963
	-------	--------

10. Employee numbers

The average number of persons employed by the company during the year amounted to nil (2024: nil)

11. Related party transactions

As at 30 June 2025 the company owed a director £90,079 (2024: £45,079) in respect of his current account. During the year the company paid £13,400 (2024: £14,487) to a Director of the company, in respect of rent for office and vehicle storage facilities. During the year the company traded with companies with a common director. Sales of £63,413 (2024: £65,756) were made to the companies.