Castlepoint Gas & Heating Co. Limited - Accounts to registrar (filleted)

Financial Statements

for the Year Ended 31 January 2026

for

Castlepoint Gas & Heating Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K Wells

C Falkus

SECRETARY:

K Wells

REGISTERED OFFICE:

21-25 Hart Road

Benfleet

Essex

SS7 3PB

REGISTERED NUMBER:

01765130 (England and Wales)

AUDITORS:

Michael Letch & Partners LLP

Accountants and Statutory Auditors

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Tangible assets

4

438,082

495,023

Investment property

5

2,680,000

3,118,082

3,175,023

CURRENT ASSETS

Stocks

29,875

32,250

Debtors

6

2,875,372

3,111,448

Cash at bank and in hand

5,444,355

3,855,955

8,349,602

6,999,653

CREDITORS

Amounts falling due within one year

7

2,991,498

2,035,743

NET CURRENT ASSETS

5,358,104

4,963,910

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,476,186

8,138,933

PROVISIONS FOR LIABILITIES

163,260

176,645

NET ASSETS

8,312,926

7,962,288

CAPITAL AND RESERVES

Called up share capital

102

Fair value reserve

9

505,236

Retained earnings

7,807,588

7,456,950

SHAREHOLDERS' FUNDS

8,312,926

7,962,288

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

K Wells - Director

1.	STATUTORY INFORMATION

Castlepoint Gas & Heating Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Tangible fixed assets

Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Revenue and margin recognition

The company's revenue recognition and margin recognition policies are central to how the company values the work it has carried out in the financial year.

These policies require forecasts to be made of the outcomes of contracts which require assessments and judgements to be made on the recovery of changes in the scope of the work, contract programme issues, maintenance and defects liabilities and changes in costs.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The whole of the turnover is attributable to the one principle activity of the company, heating installation and maintenance. All turnover can be geographically analysed to the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2025 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 February 2025

310,418

119,799

98,514

Additions

-

2,894

Disposals

-

At 31 January 2026

310,418

119,799

101,408

DEPRECIATION

At 1 February 2025

48,120

119,799

94,113

Charge for year

3,208

-

1,022

Eliminated on disposal

-

At 31 January 2026

51,328

119,799

95,135

NET BOOK VALUE

At 31 January 2026

259,090

-

6,273

At 31 January 2025

262,298

-

4,401

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 February 2025

7,927

626,736

30,326

1,193,720

Additions

-

12,999

-

15,893

Disposals

-

(15,563

)

-

(15,563

)

At 31 January 2026

7,927

624,172

30,326

1,194,050

DEPRECIATION

At 1 February 2025

4,752

409,686

22,227

698,697

Charge for year

799

55,142

2,024

62,195

Eliminated on disposal

-

(4,924

)

-

(4,924

)

At 31 January 2026

5,551

459,904

24,251

755,968

NET BOOK VALUE

At 31 January 2026

2,376

164,268

6,075

438,082

At 31 January 2025

3,175

217,050

8,099

495,023

Included in cost of land and buildings is freehold land of £ 150,000 (2025 - £ 150,000 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

2,680,000

NET BOOK VALUE

At 31 January 2026

2,680,000

At 31 January 2025

2,680,000

The company's has a number of freehold properties.

The residential properties in Church Road, Benfleet, Essex were valued on an open market basis on 31 January 2026, by Mr K Wells (Director) at £1,800,000.

The commercial land and buildings at Armstrong Road, Benfleet were valued by Knight Freeman on an open market value in May 2021 at £880,000, the directors have confirmed there is is no change in value as at 31st January 2026.

Fair value at 31 January 2026 is represented by:

£

Valuation in 2018

674,003

Valuation in 2021

(115,259

)

Cost

2,121,256

2,680,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

2,250,094

2,379,400

Other debtors

590,387

698,798

Prepayments and accrued income

34,891

33,250

2,875,372

3,111,448

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

1,384,165

1,207,518

Tax

300,171

182,221

Social security and other taxes

354,913

194,516

Other creditors

501,121

215,557

Directors' current accounts

160,000

5,828

Accrued expenses

291,128

230,103

2,991,498

2,035,743

8.	SECURED DEBTS

The company's bonds, guarantees, indemnities and standby LC's facility of £362,000 are secured by way of a 1st charge over the company's freehold properties and the company's business premium account held with its bankers.

9.

RESERVES

Fair

value

reserve

£

At 1 February 2025

and 31 January 2026

505,236

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael B Letch FCCA (Senior Statutory Auditor)

for and on behalf of Michael Letch & Partners LLP

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are K Wells, R Falkus & K Ward who hold an equal share in the Company.