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Registered number: 05938204
Castle Point Motors Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
MSB & Co Canvey Island Limited
Accountants and Tax Advisors
14 Furtherwick Road
Canvey Island
Essex
SS8 7AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05938204
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,020 103,804
106,020 103,804
CURRENT ASSETS
Stocks 5 18,806 14,755
Debtors 6 394,127 335,352
Cash at bank and in hand 188,157 124,172
601,090 474,279
Creditors: Amounts Falling Due Within One Year 7 (393,652 ) (353,677 )
NET CURRENT ASSETS (LIABILITIES) 207,438 120,602
TOTAL ASSETS LESS CURRENT LIABILITIES 313,458 224,406
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (13,952 ) (13,531 )
NET ASSETS 299,506 210,875
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 299,504 210,873
SHAREHOLDERS' FUNDS 299,506 210,875
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Page 2
For the year ending 31 August 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.
On behalf of the board
Mr Alan Foster
Director
29th May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Castle Point Motors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05938204 . The registered office is 14 Furtherwick Road, Canvey Island, Essex, SS8 7AE.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 Not depreciated
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 8 8
Sales, marketing and distribution 14 14
22 22
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2024 32,587 109,700 37,828 63,835 243,950
Additions - 12,925 - 3,499 16,424
As at 31 August 2025 32,587 122,625 37,828 67,334 260,374
Depreciation
As at 1 September 2024 - 72,286 27,211 40,649 140,146
Provided during the period - 7,551 2,654 4,003 14,208
As at 31 August 2025 - 79,837 29,865 44,652 154,354
Net Book Value
As at 31 August 2025 32,587 42,788 7,963 22,682 106,020
As at 1 September 2024 32,587 37,414 10,617 23,186 103,804
5. Stocks
2025 2024
£ £
Materials 18,806 14,755
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 259,323 212,110
Prepayments and accrued income 28,139 25,560
Staff loans 12,418 5,781
Loan - Castle Point Lettings Limited 92,455 90,109
Loan - Labyrinth Tanning Ltd 1,792 1,792
394,127 335,352
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 268,929 257,590
Bank loans and overdrafts 10,395 2,115
Corporation tax 986 -
PAYE 13,027 33,292
VAT 87,189 48,857
Pension contributions - creditor 2,028 1,895
Accruals and deferred income 10,129 9,605
Directors' loan accounts 969 323
393,652 353,677
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 13,952 13,531
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1 each 1 1
1 Ordinary B shares of £ 1 each 1 1
2 2
10. Related Party Transactions
Labyrinth Tanning Limited
Labyrinth Tanning Limited - a company under the control of Mr A. Foster and Mr K. Wells, directors and shareholders of this company.
As at the balance sheet date, there was an inter-company loan of the following : £1,792 (Debtor)
Castle Point Lettings Limited
Castle Point Lettings Limited - a company under the control of Mr A. Foster and Mr K. Wells, directors and shareholders of this company.
As at the balance sheet date, there was an inter-company loan of the following : £92,455 (Debtor)
11. Ultimate Controlling Party
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.
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