REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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FOR |
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CASTLE GROUP LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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FOR |
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CASTLE GROUP LIMITED |
CASTLE GROUP LIMITED (REGISTERED NUMBER: 02388128) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 30 June 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
CASTLE GROUP LIMITED (REGISTERED NUMBER: 02388128) |
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ABBREVIATED BALANCE SHEET |
30 June 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 5 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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CASTLE GROUP LIMITED (REGISTERED NUMBER: 02388128) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 30 June 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Preparation of consolidated financial statements |
The financial statements contain information about Castle Group Limited as an individual company and do not contain |
consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the |
Companies Act 2006 not to prepare consolidated financial statements. |
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Turnover |
Turnover represents goods and services supplied, excluding value added tax. |
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Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is |
measured at the fair value of the right to consideration. |
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Where payments are received from customers in advance of the right to consideration being earned, the amounts are recorded |
as deferred income and included within creditors falling due within one year. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, has been amortised evenly over its |
estimated useful life of twenty years. |
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Research and development |
Expenditure on research and development is written off to profit and loss in the year in which it is incurred, with the |
exception of development expenditure on individual projects where the expenditure is not the subject of grants receivable |
and where the future recoverability can be foreseen with reasonable assurance. Capitalised development costs are amortised |
in line with the expected sales from the related project once sales commence. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset |
overs its estimated useful life. |
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Lab stock | 20% on a straight line basis |
Plant and machinery | 15% on a reducing balance basis |
Fixtures and fittings | 15% - 30% on a straight line basis |
Motor vehicles | 25% on a reducing balance basis |
Hire stock | 10% on a straight line basis |
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Stocks |
Stocks are valued at lower of cost and net realisable value. |
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Deferred tax |
Deferred tax is recognised as a liability or asset if the transactions or events that give an obligation to pay more tax in future |
or a right to pay less tax in future have occurred by the balance sheet date, although deferred tax assets are recognised only |
when it becomes more likely than not that they will be recoverable. |
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Foreign currencies |
Transactions in foreign currencies are translated into sterling at the rate of exchange prevailing at the date of the transaction. |
Monetary assets and liabilities have been translated into sterling at the rate of exchange prevailing at the balance sheet date. |
Exchange differences are taken into account in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company makes contributions to the personal pension scheme of one director and contributions payable are charged in |
the profit and loss account in the period to which they relate. |
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Fixed asset investments |
Unlisted investments are included at cost. |
CASTLE GROUP LIMITED (REGISTERED NUMBER: 02388128) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 30 June 2016 |
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1. | ACCOUNTING POLICIES - continued |
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Going concern |
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient |
resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern |
basis of accounting in preparing the annual financial statements. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
and 30 June 2016 |
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AMORTISATION |
At 1 July 2015 |
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Amortisation for year |
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At 30 June 2016 |
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NET BOOK VALUE |
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At 30 June 2016 |
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At 30 June 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Additions |
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Disposals | ( |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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CASTLE GROUP LIMITED (REGISTERED NUMBER: 02388128) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 30 June 2016 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 July 2015 |
and 30 June 2016 | 14,994 |
NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 99.96 |
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£ | £ |
Aggregate capital and reserves | 15,000 | 15,000 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2016 | 2015 |
£ | £ |
Repayable by instalments | - | 252,747 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary A | £1 |
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Ordinary B | £1 |
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Ordinary C | £1 |
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28 | 28 |
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7. | ULTIMATE PARENT COMPANY |
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