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Registration number: 08525002

Calibra Technology Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Calibra Technology Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Calibra Technology Limited

Company Information

Director

Mr AD Burston

Registered office

10 Wellington Street
Cambridge
Cambridgeshire
CB1 1HW

Accountants

Websters Cambridge Limited
10 Wellington Street
Cambridge
Cambridgeshire
CB1 1HW

 

Calibra Technology Limited

(Registration number: 08525002)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

155,571

95,016

Tangible assets

5

25,627

47,959

 

181,198

142,975

Current assets

 

Stocks

6

92,958

131,143

Debtors

7

68,028

145,232

Cash at bank and in hand

 

53,621

36,246

 

214,607

312,621

Creditors: Amounts falling due within one year

8

(163,500)

(223,802)

Net current assets

 

51,107

88,819

Net assets

 

232,305

231,794

Capital and reserves

 

Called up share capital

9

160

160

Retained earnings

232,145

231,634

Shareholders' funds

 

232,305

231,794

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 October 2023
 

.........................................
Mr AD Burston
Director

 

Calibra Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
10 Wellington Street
Cambridge
Cambridgeshire
CB1 1HW

The principal place of business is:
Unit 7 Meridian
Buckingway Business Park
Swavesey
Cambs
CB24 4AE

These financial statements were authorised for issue by the director on 27 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Calibra Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% per annum on the straight line method

Leasehold

25% per annum on the straight line method

Fixtures, fittings and equipment

33.33% per annum on the straight line method

Test rigs

15% per annum on the straight line method

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2021 - 4).

 

Calibra Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2022

95,016

95,016

Additions acquired separately

60,555

60,555

At 31 December 2022

155,571

155,571

Amortisation

Carrying amount

At 31 December 2022

155,571

155,571

At 31 December 2021

95,016

95,016

The aggregate amount of research and development expenditure recognised as an expense during the period is £532 (2021 - £-).
 

 

Calibra Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2022

41,739

386,966

-

428,705

Additions

-

3,415

120

3,535

At 31 December 2022

41,739

390,381

120

432,240

Depreciation

At 1 January 2022

41,739

337,631

-

379,370

Charge for the year

-

25,686

1,557

27,243

At 31 December 2022

41,739

363,317

1,557

406,613

Carrying amount

At 31 December 2022

-

27,064

(1,437)

25,627

At 31 December 2021

-

46,988

971

47,959

Included within the net book value of land and buildings above is £Nil (2021 - £Nil) in respect of long leasehold land and buildings.
 

6

Stocks

2022
£

2021
£

Raw materials and consumables

92,958

131,143

7

Debtors

Current

2022
£

2021
£

Trade debtors

47,016

128,819

Prepayments

10,767

9,803

Other debtors

10,245

6,610

 

68,028

145,232

 

Calibra Technology Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

8

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

41,557

30,988

Taxation and social security

43,767

14,843

Accruals and deferred income

52,674

101,726

Other creditors

25,502

76,245

163,500

223,802

9

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

60

60

60

60

Ordinary A of £1 each

30

30

30

30

Ordinary B of £1 each

30

30

30

30

Ordinary C of £1 each

30

30

30

30

Ordinary D of £1 each

10

10

10

10

 

160

160

160

160