Registered Number: 03733026
England & Wales
CALLENDER DESIGNS LIMITED
FILLETED UNAUDITED ACCOUNTS
For the year ended
31 March 2023
A F KABINI & CO
Chartered Accountants
14 Conlan Street
London
W10 5AR
CALLENDER DESIGNS LIMITED
BALANCE SHEET
As at 31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 3 4,456 10,307
Current assets
Stock 2,621 567
Debtors 4 10,242 8,379
Cash at bank and in hand 19,158 19,712
32,021 28,658
Creditors - amounts falling due within one year 5 (15,533) (13,939)
Net current assets 16,488 14,719
Creditors - amounts falling due after more than one year 6 - (1,747)
Provisions for liabilities (847) (1,958)
Net assets 20,097 21,321
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,997 21,221
Shareholders' funds 20,097 21,321
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.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
The accounts were approved by the board on 24 October 2023 and signed on its behalf by:
Calmeth Callender
Director
The notes on pages 2 to 4 form an integral part of these accounts
Page 1
CALLENDER DESIGNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023
1. Accounting policies
(a) Basis of preparation
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).
(b) Revenue recognition
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.
(c) Tangible fixed assets and depreciation
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:
Plant and equipment etc 10 - 25% straight line
Motor vehicle 20% straight line
(d) Pension costs
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.
(e) Stock
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.
(f) Taxation
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.
Page 2
CALLENDER DESIGNS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023
2. Employees 2023 2022
Number Number
Average number of persons employed by the company including directors 2 2
3. Tangible fixed assets Plant and
Machinery Motor
etc Vehicles Total
£ £ £
Cost:
At 1 April 2022 42,715 16,712 59,427
Additions 694 - 694
At 31 March 2023 43,409 16,712 60,121
Depreciation:
At 1 April 2022 37,535 11,585 49,120
Charge for the year 1,601 4,944 6,545
At 31 March 2023 39,136 16,529 55,665
Net book value:
At 31 March 2023 4,273 183 4,456
At 31 March 2022 5,180 5,127 10,307
4. Debtors - amounts falling due within one year 2023 2022
£ £
Trade debtors 3,780 1,744
Prepayments and accrued income 4,190 3,495
Other debtors 2,272 3,140
10,242 8,379
Page 3
ANNUAL REPORT AND UNAUDITED ACCOUNTS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2023
5. Creditors - amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,747 2,151
Trade creditors 9,204 9,309
Taxation and social security costs 576 419
Accruals and deferred income 1,202 1,152
Other creditors 2,804 908
15,533 13,939
6. Creditors - amounts falling due after more than one year 2023 2022
£ £
Bank loans - 1,747
- 1,747
7. Pension commitments
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).
8. Statutory information
The company is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Birch Close
Technology Road off Cabot Lane
Poole
Dorset
BH17 7FH
Page 4
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