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COMPANY REGISTRATION NUMBER: 12622446

Castle Blasting & Coating Ltd

Filleted Unaudited Financial Statements

31 May 2025

Castle Blasting & Coating Ltd

Financial Statements

Year ended 31 May 2025

Contents | Pages

Balance sheet | 1 to 2

Notes to the financial statements | 3 to 6

Castle Blasting & Coating Ltd

Balance Sheet

31 May 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 5 | 14,085 | 18,983

Current assets

Debtors | 6 | 46,454 | 22,279
Cash at bank and in hand | – | 4,342
| -------- | --------
| 46,454 | 26,621

Creditors: amounts falling due within one year | 7 | 69,565 | 60,397
| -------- | --------
Net current liabilities | 23,111 | 33,776
| -------- | --------
Total assets less current liabilities | ( 9,026) | ( 14,793)

Creditors: amounts falling due after more than one year | 8 | – | 697
| ------- | --------
Net liabilities | ( 9,026) | ( 15,490)
| ------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 9,126) | ( 15,590)
| ------- | --------
Shareholders deficit | ( 9,026) | ( 15,490)
| ------- | --------

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 profit and loss account has not been delivered.
For the year ending 31 May 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 Blasting & Coating Ltd

Balance Sheet (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr J Anderson-Palmer |
Director |

Company registration number: 12622446

Castle Blasting & Coating Ltd

Notes to the Financial Statements

Year ended 31 May 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 29 King Street, Newcastle under Lyme, Staffordshire, ST5 1ER. The company registration number is 12622446 .
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. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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% straight line
| Equipment | - | 20% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 4 ).
5. Tangible assets

| Plant and machinery | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 June 2024 | 324 | 26,045 | 26,369
Additions | – | 490 | 490
| ---- | -------- | --------
At 31 May 2025 | 324 | 26,535 | 26,859
| ---- | -------- | --------
Depreciation |  |  |
At 1 June 2024 | 243 | 7,143 | 7,386
Charge for the year | 81 | 5,307 | 5,388
| ---- | -------- | --------
At 31 May 2025 | 324 | 12,450 | 12,774
| ---- | -------- | --------
Carrying amount |  |  |
At 31 May 2025 | – | 14,085 | 14,085
| ---- | -------- | --------
At 31 May 2024 | 81 | 18,902 | 18,983
| ---- | -------- | --------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 38,981 | 15,867
Other debtors | 7,473 | 6,412
| -------- | --------
| 46,454 | 22,279
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 8,902 | 7,000
Trade creditors | 10,902 | 11,002
Social security and other taxes | 44,275 | 15,204
Other creditors | 57 | –
Other creditors | 5,429 | 27,191
| -------- | --------
| 69,565 | 60,397
| -------- | --------

Hire purchase liabilities of £697 (2024 - £1,904) are secured against the assets to which they relate.
8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | – | 697
| ---- | ----

Hire purchase liabilities of £Nil (2024 - £697) are secured against the assets to which they relate.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 6,888 | 2,988
Later than 1 year and not later than 5 years | 7,939 | 5,727
| -------- | -------
| 14,827 | 8,715
| -------- | -------