Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31false262022-02-01Freight transport service26truetrue 02781100 2022-02-01 2023-01-31 02781100 2021-02-01 2022-01-31 02781100 2023-01-31 02781100 2022-01-31 02781100 2021-02-01 02781100 c:Director1 2022-02-01 2023-01-31 02781100 d:MotorVehicles 2022-02-01 2023-01-31 02781100 d:MotorVehicles 2023-01-31 02781100 d:MotorVehicles 2022-01-31 02781100 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 02781100 d:FurnitureFittings 2022-02-01 2023-01-31 02781100 d:FurnitureFittings 2023-01-31 02781100 d:FurnitureFittings 2022-01-31 02781100 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 02781100 d:OfficeEquipment 2022-02-01 2023-01-31 02781100 d:OfficeEquipment 2023-01-31 02781100 d:OfficeEquipment 2022-01-31 02781100 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 02781100 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 02781100 d:CurrentFinancialInstruments 2023-01-31 02781100 d:CurrentFinancialInstruments 2022-01-31 02781100 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 02781100 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 02781100 d:ShareCapital 2023-01-31 02781100 d:ShareCapital 2022-01-31 02781100 d:CapitalRedemptionReserve 2023-01-31 02781100 d:CapitalRedemptionReserve 2022-01-31 02781100 d:RetainedEarningsAccumulatedLosses 2023-01-31 02781100 d:RetainedEarningsAccumulatedLosses 2022-01-31 02781100 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 02781100 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 02781100 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-31 02781100 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-01-31 02781100 c:OrdinaryShareClass1 2022-02-01 2023-01-31 02781100 c:OrdinaryShareClass1 2023-01-31 02781100 c:OrdinaryShareClass1 2022-01-31 02781100 c:OrdinaryShareClass3 2022-02-01 2023-01-31 02781100 c:OrdinaryShareClass3 2023-01-31 02781100 c:OrdinaryShareClass3 2022-01-31 02781100 c:OrdinaryShareClass4 2022-02-01 2023-01-31 02781100 c:OrdinaryShareClass4 2023-01-31 02781100 c:OrdinaryShareClass4 2022-01-31 02781100 c:OrdinaryShareClass5 2022-02-01 2023-01-31 02781100 c:OrdinaryShareClass5 2023-01-31 02781100 c:OrdinaryShareClass5 2022-01-31 02781100 c:FRS102 2022-02-01 2023-01-31 02781100 c:Audited 2022-02-01 2023-01-31 02781100 c:FullAccounts 2022-02-01 2023-01-31 02781100 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 02781100 c:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 02781100 2 2022-02-01 2023-01-31 02781100 6 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02781100









CALIBRE ROUTEX GROUP LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
CALIBRE ROUTEX GROUP LIMITED
REGISTERED NUMBER: 02781100

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
471,016
479,416

Fixed assets investments
 5 
-
-

  
471,016
479,416

Current assets
  

Debtors: amounts falling due within one year
 6 
1,065,960
1,269,423

Cash at bank and in hand
 7 
1,450,145
1,291,819

  
2,516,105
2,561,242

Creditors: amounts falling due within one year
 8 
(1,239,344)
(1,291,911)

Net current assets
  
 
 
1,276,761
 
 
1,269,331

Total assets less current liabilities
  
1,747,777
1,748,747

Provisions for liabilities
  

Deferred tax
  
(68,560)
(65,721)

Other provisions
 10 
(15,000)
(15,000)

  
 
 
(83,560)
 
 
(80,721)

Net assets
  
1,664,217
1,668,026


Capital and reserves
  

Called up share capital 
  
340
340

Capital redemption reserve
  
750
750

Profit and loss account
  
1,663,127
1,666,936

  
1,664,217
1,668,026


Page 1

 
CALIBRE ROUTEX GROUP LIMITED
REGISTERED NUMBER: 02781100
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 




K J Matthews
Director

Date: 30 June 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Calibre Routex Group Limited is a private company limited by shares and incorporated in England and Wales. The registered office address of the company is Questor House, 191 Hawley Road, Dartford, Kent, DA1 1PU.
The principal activity of the company is that of shipping and freight forwarding agents.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.


Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 5

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 26 (2022 - 26).

Page 6

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2022
833,679
42,913
199,657
1,076,249


Additions
137,328
714
718
138,760


Disposals
(97,763)
-
(750)
(98,513)



At 31 January 2023

873,244
43,627
199,625
1,116,496



Depreciation


At 1 February 2022
403,034
38,811
154,988
596,833


Charge for the year on owned assets
113,525
168
870
114,563


Disposals
(65,916)
-
-
(65,916)



At 31 January 2023

450,643
38,979
155,858
645,480



Net book value



At 31 January 2023
422,601
4,648
43,767
471,016



At 31 January 2022
430,645
4,102
44,669
479,416

Page 7

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2022
534,916



At 31 January 2023

534,916



Impairment


At 1 February 2022
534,916



At 31 January 2023

534,916



Net book value



At 31 January 2023
-



At 31 January 2022
-


6.


Debtors

2023
2022
£
£


Trade debtors
942,721
1,135,216

Other debtors
50,951
61,746

Prepayments and accrued income
72,288
72,461

1,065,960
1,269,423



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,450,145
1,291,819


Page 8

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
734,030
803,088

Amounts owed to group undertakings
5,000
5,000

Corporation tax
64,976
112,120

Other taxation and social security
35,888
30,473

Other creditors
74,457
103,143

Accruals and deferred income
324,993
238,087

1,239,344
1,291,911



9.


Deferred taxation




2023
2022


£

£






At beginning of year
(65,721)
(80,741)


Credited to profit or loss
(2,839)
15,020



At end of year
(68,560)
(65,721)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(68,560)
(65,721)

(68,560)
(65,721)

Page 9

 
CALIBRE ROUTEX GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

10.


Provisions




Dilapidation provision

£





At 1 February 2022
15,000



At 31 January 2023
15,000

The company's policy is to provide dilapidation costs in respect of the foreseeable costs of reinstatement of the leased property at the expiry of the existing lease.


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary A shares of £1.00 each
50
50
250 (2022 - 250) Ordinary D shares of £1.00 each
250
250
30 (2022 - 30) Ordinary E shares of £1.00 each
30
30
10 (2022 - 10) Ordinary F shares of £1.00 each
10
10

340

340



12.


Pension commitments

The company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the company in independently administered funds. The outstanding contributions at the year end amounted to £Nil (2021: £Nil).


13.


Related party transactions

The directors have an interest in dividends paid during the year of £180,000 (2022: £236,000).
Included within other creditors due within one year is an amount owed to the directors of £32,480 
(2022 - £40,400).


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 January 2023 was unqualified.

The audit report was signed on 26 July 2023 by Andrew Harper (Senior statutory auditor) on behalf of Barnes Roffe LLP.

Page 10