20 false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 400,000 340,000 40,000 380,000 20,000 60,000 45,069 10,486 55,555 xbrli:pure xbrli:shares iso4217:GBP 06092418 2022-05-01 2023-04-30 06092418 2023-04-30 06092418 2022-04-30 06092418 2021-05-01 2022-04-30 06092418 2022-04-30 06092418 core:NetGoodwill 2022-05-01 2023-04-30 06092418 core:LandBuildings 2022-05-01 2023-04-30 06092418 core:PlantMachinery 2022-05-01 2023-04-30 06092418 core:FurnitureFittings 2022-05-01 2023-04-30 06092418 core:MotorVehicles 2022-05-01 2023-04-30 06092418 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 06092418 bus:Director1 2022-05-01 2023-04-30 06092418 bus:Director2 2022-05-01 2023-04-30 06092418 core:WithinOneYear 2023-04-30 06092418 core:WithinOneYear 2022-04-30 06092418 core:NetGoodwill 2022-04-30 06092418 core:NetGoodwill 2023-04-30 06092418 core:LandBuildings 2022-04-30 06092418 core:PlantMachinery 2022-04-30 06092418 core:FurnitureFittings 2022-04-30 06092418 core:MotorVehicles 2022-04-30 06092418 core:LandBuildings 2023-04-30 06092418 core:PlantMachinery 2023-04-30 06092418 core:FurnitureFittings 2023-04-30 06092418 core:MotorVehicles 2023-04-30 06092418 core:DeferredTaxation 2022-05-01 2023-04-30 06092418 core:AfterOneYear 2023-04-30 06092418 core:AfterOneYear 2022-04-30 06092418 core:ShareCapital 2023-04-30 06092418 core:ShareCapital 2022-04-30 06092418 core:RetainedEarningsAccumulatedLosses 2023-04-30 06092418 core:RetainedEarningsAccumulatedLosses 2022-04-30 06092418 core:NetGoodwill 2022-04-30 06092418 core:AcceleratedTaxDepreciationDeferredTax 2023-04-30 06092418 core:AcceleratedTaxDepreciationDeferredTax 2022-04-30 06092418 core:LandBuildings 2022-04-30 06092418 core:PlantMachinery 2022-04-30 06092418 core:FurnitureFittings 2022-04-30 06092418 core:MotorVehicles 2022-04-30 06092418 core:DeferredTaxation 2022-04-30 06092418 core:DeferredTaxation 2023-04-30 06092418 bus:SmallEntities 2022-05-01 2023-04-30 06092418 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06092418 bus:FullAccounts 2022-05-01 2023-04-30 06092418 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 06092418 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06092418 bus:OrdinaryShareClass1 2023-04-30 06092418 bus:OrdinaryShareClass1 2022-04-30 06092418 core:OfficeEquipment 2022-05-01 2023-04-30 06092418 core:OfficeEquipment 2022-04-30 06092418 core:OfficeEquipment 2023-04-30 06092418 1 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 06092418
CALDER SHEETMETAL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2023
CALDER SHEETMETAL LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
Contents
Pages
Balance sheet 1 to 2
Notes to the financial statements 3 to 7
CALDER SHEETMETAL LIMITED
BALANCE SHEET
30 April 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
20,000
60,000
Tangible assets
6
227,939
256,424
------------
------------
247,939
316,424
Current assets
Stocks
17,500
17,500
Debtors
7
435,149
452,097
Cash at bank and in hand
235,105
96,547
------------
------------
687,754
566,144
Creditors: amounts falling due within one year
8
( 372,199)
( 386,006)
------------
------------
Net current assets
315,555
180,138
------------
------------
Total assets less current liabilities
563,494
496,562
Creditors: amounts falling due after more than one year
9
( 69,130)
( 94,139)
Provisions
11
( 55,555)
( 45,069)
------------
------------
Net assets
438,809
357,354
------------
------------
Capital and reserves
Called up share capital
13
100
100
Profit and loss account
438,709
357,254
------------
------------
Shareholders funds
438,809
357,354
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CALDER SHEETMETAL LIMITED
BALANCE SHEET (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 20 October 2023 , and are signed on behalf of the board by:
Mr M Moses
Mr T J Moses
Director
Director
Company registration number: 06092418
CALDER SHEETMETAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2023
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 06092418 . The address of the registered office is Unit 12, Woodman Works, South Lane, Elland, West Yorkshire, HX5 0PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value added tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property improvements
-
20% straight line
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office and computer equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Tangible fixed assets acquired under finance leases and hire purchase contracts are capitalised and depreciated over their effective lives. The outstanding obligations in respect of finance leases and hire purchase contracts, net of finance charges relating to future periods, are included under creditors due within or after one year as appropriate. The finance element of the total obligations is allocated to accounting periods so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period. Rentals payable under operating leases are charged to the profit and loss account as incurred.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2022: 20 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2022 and 30 April 2023
400,000
------------
Amortisation
At 1 May 2022
340,000
Charge for the year
40,000
------------
At 30 April 2023
380,000
------------
Carrying amount
At 30 April 2023
20,000
------------
At 30 April 2022
60,000
------------
6. Tangible assets
Leasehold property improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Office and computer equipment
Total
£
£
£
£
£
£
Cost
At 1 May 2022
14,299
415,274
7,140
23,679
19,907
480,299
Additions
17,500
1,075
432
19,007
------------
------------
------------
------------
------------
------------
At 30 Apr 2023
14,299
432,774
8,215
23,679
20,339
499,306
------------
------------
------------
------------
------------
------------
Depreciation
At 1 May 2022
5,719
194,735
412
6,290
16,719
223,875
Charge for the year
2,860
37,673
1,050
4,347
1,562
47,492
------------
------------
------------
------------
------------
------------
At 30 Apr 2023
8,579
232,408
1,462
10,637
18,281
271,367
------------
------------
------------
------------
------------
------------
Carrying amount
At 30 Apr 2023
5,720
200,366
6,753
13,042
2,058
227,939
------------
------------
------------
------------
------------
------------
At 30 Apr 2022
8,580
220,539
6,728
17,389
3,188
256,424
------------
------------
------------
------------
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
324,661
440,680
Prepayments and accrued income
10,370
6,192
Directors loan account
100,118
Other debtors
5,225
------------
------------
435,149
452,097
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
198,095
248,091
Accruals and deferred income
12,468
16,357
Corporation tax
75,918
27,693
Social security and other taxes
39,678
44,843
Obligations under finance leases and hire purchase contracts
25,010
24,088
Other creditors
21,030
24,934
------------
------------
372,199
386,006
------------
------------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Obligations under finance leases and hire purchase contracts
69,130
94,139
------------
------------
10. Pensions
The company operates and makes contributions to a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The total contributions paid in the year amounted to £144,793 (2022: £45,344).
11. Provisions
Deferred tax (note 12)
£
At 1 May 2022
45,069
Additions
10,486
------------
At 30 April 2023
55,555
------------
12. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions (note 11)
55,555
45,069
------------
------------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
55,555
45,069
------------
------------
13. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
50 shares are designated as 'A' ordinary shares and 50 shares are designated as 'B' ordinary shares. The two classes of shares rank pari passu in all material respects.
14. Related party transactions
The director's loan account included in debtors above of £100,118 (2022: £nil) is unsecured, repayable on demand and interest has been charged on the outstanding balance at 2%. The loan was subsequently repaid after the year end.
15. Controlling party
The company is controlled by the directors.