CALLENDER DESIGNS LIMITED |
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BALANCE SHEET |
As at 31 March 2023 |
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2023 |
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2022 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
4,456 |
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|
10,307 |
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Current assets |
Stock |
2,621 |
|
|
567 |
Debtors |
4 |
10,242 |
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|
8,379 |
Cash at bank and in hand |
19,158 |
|
|
19,712 |
|
|
|
32,021 |
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|
28,658 |
Creditors |
- amounts falling due within one year |
5 |
(15,533) |
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|
(13,939) |
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|
|
|
|
|
|
|
Net current assets |
|
|
|
16,488 |
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|
14,719 |
|
Creditors |
- amounts falling due after more than one year |
6 |
|
|
- |
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|
(1,747) |
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Provisions for liabilities |
(847) |
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|
(1,958) |
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Net assets |
|
|
|
20,097 |
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|
21,321 |
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|
|
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|
|
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Capital and reserves |
Called up share capital |
100 |
|
|
100 |
Profit and loss account |
19,997 |
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|
21,221 |
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Shareholders' funds |
20,097 |
|
|
21,321 |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Register of Companies. |
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The accounts were approved by the board on 24 October 2023 and signed on its behalf by: |
Calmeth Callender |
Director |
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The notes on pages 2 to 4 form an integral part of these accounts |
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Page 1 |
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CALLENDER DESIGNS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
For the year ended 31 March 2023 |
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1. |
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Accounting policies |
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(a) |
Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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(b) |
Revenue recognition |
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Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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(c) |
Tangible fixed assets and depreciation |
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Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: |
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Plant and equipment etc |
10 - 25% straight line |
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Motor vehicle |
20% straight line |
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(d) |
Pension costs |
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The company operates a defined contribution pension scheme. Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
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(e) |
Stock |
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Stock is valued at the lower of cost and net realisable value, after making the allowance for obsolete and slow moving items.Cost is determined on a weighted average cost basis. Net realisable value represents anticipated selling price less selling cost. |
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(f) |
Taxation |
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Taxation represents the sum of tax currently payable and deferred tax. 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 in full in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each accounting 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. |
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Page 2 |
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ANNUAL REPORT AND UNAUDITED ACCOUNTS |
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NOTES TO THE FINANCIAL STATEMENTS |
For the year ended 31 March 2023 |
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5. |
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Creditors |
- amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
|
Bank loans and overdrafts |
1,747 |
|
2,151 |
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Trade creditors |
9,204 |
|
9,309 |
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Taxation and social security costs |
576 |
|
419 |
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Accruals and deferred income |
1,202 |
|
1,152 |
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Other creditors |
2,804 |
|
908 |
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|
|
|
|
|
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15,533 |
|
13,939 |
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6. |
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Creditors |
- amounts falling due after more than one year |
2023 |
|
2022 |
£ |
£ |
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Bank loans |
- |
|
1,747 |
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- |
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1,747 |
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7. |
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Pension commitments |
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The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,980 (2022 - £1,980). |
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8. |
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Statutory information |
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The company is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 2, Birch Close |
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Technology Road off Cabot Lane |
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Poole |
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Dorset |
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BH17 7FH |
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Page 4 |