Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Castlet Limited
Contents
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Castlet Limited
(Registration number: 03729745)
Abbreviated Balance Sheet at 30 April 2016
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2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Mr D Cotterell
Director
1
Castlet Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
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Accounting policies |
Basis of preparation
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Goodwill
The intangible assets in the balance sheet represent the purchase of the trade and intellectual property held by Amberjac Limited. The price paid was £60,000 and the Directors have chosen to amortise the balances over 5 years.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Computer equipment |
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Stock
Castlet Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
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Taxation
Foreign currency
Warranty provision
In accordance with the Financial Reporting Standard 12, Provisions and Contingencies, bond guarantees are defined as a contingent liability rather than a provision. As a result they should not be recognised in the accounts but the company should disclose their existance.
Pensions
Castlet Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
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Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 May 2015 |
60,001 |
999,059 |
1,059,060 |
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Disposals |
- |
(4,712) |
(4,712) |
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At 30 April 2016 |
60,001 |
994,347 |
1,054,348 |
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Depreciation |
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At 1 May 2015 |
23,000 |
447,157 |
470,157 |
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Charge for the year |
12,000 |
24,092 |
36,092 |
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Eliminated on disposals |
- |
(3,587) |
(3,587) |
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At 30 April 2016 |
35,000 |
467,662 |
502,662 |
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Net book value |
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At 30 April 2016 |
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At 30 April 2015 |
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Details of undertakings |
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
Principal activity |
Subsidiary undertakings |
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India |
Ordinary |
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Debtors |
Debtors includes £nil (2015 - £107,443) receivable after more than one year.
Castlet Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by