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REGISTERED NUMBER: 06553166 (England and Wales)















CANDELISA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






CANDELISA LIMITED (REGISTERED NUMBER: 06553166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CANDELISA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: T Woods
G A Taylor





REGISTERED OFFICE: Caroline House
Providence Place
Skipton
North Yorkshire
BD23 1FB





REGISTERED NUMBER: 06553166 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Birkbeck Suite G2
Water Street
Skipton
BD23 1PB

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 946,183 629,575
Investments 5 104 104
946,287 629,679

CURRENT ASSETS
Work in progress 5,256,880 5,932,997
Debtors 6 108,009 710,967
Cash at bank and in hand 286,576 125,479
5,651,465 6,769,443
CREDITORS
Amounts falling due within one year 7 1,469,578 2,578,015
NET CURRENT ASSETS 4,181,887 4,191,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,128,174

4,821,107

CREDITORS
Amounts falling due after more than one year 8 (12,676 ) (350,000 )

PROVISIONS FOR LIABILITIES (165,756 ) (32,027 )
NET ASSETS 4,949,742 4,439,080

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Revaluation reserve 9 415,769 169,359
Retained earnings 9 4,529,973 4,265,721
SHAREHOLDERS' FUNDS 4,949,742 4,439,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

BALANCE SHEET - continued
30 APRIL 2023


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 19 July 2023 and were signed on its behalf by:





G A Taylor - Director


CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Candelisa 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value. All losses are accounted for as they occur and written off to profit and loss account. A proportion of the fixed annual overhead is included within the work in progress figure.

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.

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Non depreciation of freehold property
No depreciation has been applied to freehold land and buildings as the directors are of the opinion that the net book value of the asset is at least equivalent to its current valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 May 2022 420,000 294,128 13,486
Additions - 1,531 -
Disposals - (69,381 ) -
Revaluations 385,000 - -
At 30 April 2023 805,000 226,278 13,486
DEPRECIATION
At 1 May 2022 - 120,502 10,128
Charge for year - 34,878 671
Eliminated on disposal - (44,479 ) -
At 30 April 2023 - 110,901 10,799
NET BOOK VALUE
At 30 April 2023 805,000 115,377 2,687
At 30 April 2022 420,000 173,626 3,358

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 38,192 22,347 788,153
Additions - 1,605 3,136
Disposals (12,484 ) (1,097 ) (82,962 )
Revaluations - - 385,000
At 30 April 2023 25,708 22,855 1,093,327
DEPRECIATION
At 1 May 2022 12,195 15,753 158,578
Charge for year 5,569 1,603 42,721
Eliminated on disposal (8,762 ) (914 ) (54,155 )
At 30 April 2023 9,002 16,442 147,144
NET BOOK VALUE
At 30 April 2023 16,706 6,413 946,183
At 30 April 2022 25,997 6,594 629,575

Included in cost or valuation of land and buildings is freehold land of £ 420,000 (2022 - £ 420,000 ) which is not depreciated.

Cost or valuation at 30 April 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2016 169,359 - -
Valuation in 2023 385,000 - -
Cost 250,641 226,278 13,486
805,000 226,278 13,486

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2016 - - 169,359
Valuation in 2023 - - 385,000
Cost 25,708 22,855 538,968
25,708 22,855 1,093,327

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS - continued

If freehold land & buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 250,641 -

Freehold land & buildings were valued on an open market basis on 30 April 2023 by the directors .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 104
NET BOOK VALUE
At 30 April 2023 104
At 30 April 2022 104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,864 679,735
Other debtors 1,733 -
VAT 69,544 31,232
Prepayments 32,868 -
108,009 710,967

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,224 -
Trade creditors 502,131 586,316
Tax 122,477 134,145
Social security and other taxes 14,446 18,570
Subcontractors tax 10,183 2,647
Other creditors 133,862 54,834
Directors' current accounts 49,226 -
Accrued expenses 631,029 1,781,503
1,469,578 2,578,015

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years - 350,000
Hire purchase contracts 12,676 -
12,676 350,000

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 4,265,721 169,359 4,435,080
Profit for the year 1,025,279 1,025,279
Dividends (514,617 ) (514,617 )
Revaluation of Property (385,000 ) 385,000 -
Deferred tax 138,590 (138,590 ) -
At 30 April 2023 4,529,973 415,769 4,945,742

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
G A Taylor
Balance outstanding at start of year - -
Amounts advanced 164,617 592,322
Amounts repaid (164,617 ) (592,322 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

During the year, G A Taylor made a loan to the company of £175,000. This was repaid and the balance owing at the balance sheet date is £nil. G A Taylor did not charge interest to Candelisa Limited.

11. RELATED PARTY DISCLOSURES

Mirabelle Partners Limited

Mirabelle Partners Limited have continued to support the company by way of a long term loan facility to support the initial set up of the company. The loan outstanding at the start of the year was £350,000 and during the course of the year this was repaid. The balance owing at the balance sheet date was £nil. Mirabelle Partners Limited has charged interest to Candelisa Limited in the sum of £1,801 (2022: £12,527) during the year.

CANDELISA LIMITED (REGISTERED NUMBER: 06553166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are the shareholders, namely Guy Taylor, and Mirabelle Partners Limited who own 100% of the issued share capital.