Calscience International Limited |
Registered Number:SC083609 |
For the year ended 30 June 2023
Scotland
Unaudited Financial Statements
For the year ended 30 June 2023
Calscience International Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Calscience International Limited
Statement of Financial Position
2022
2023
648,039
632,969
2
Property, plant and equipment |
3
3
3
648,042
632,972
20,920
20,920
4
Trade and other receivables |
9,594
2,337
5
170
Cash and cash equivalents |
170
23,427
30,684
Trade and other payables: amounts falling due within one year |
(554,002)
(574,079)
6
(523,318)
(550,652)
Net current liabilities
Total assets less current liabilities |
97,390
109,654
Trade and other payables: amounts falling due after more than |
one year |
(71,328)
(66,741)
7
30,649
Net assets
38,326
200,000
200,000
(169,351)
(161,674)
30,649
38,326
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each |
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and |
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as |
applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 February 2024 and were signed by: |
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For the year ended 30 June 2023
Calscience International Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 June 2023
Calscience International Limited
Notes to the Financial Statements
Statutory Information
Calscience International Limited is a private limited company, limited by shares, domiciled in Scotland, registration number |
SC083609. |
4th Floor
115 George Street
Edinburgh
EH2 4JN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred except where:a) it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity; andb) the cost or value of the asset can be measured reliably. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2. Intangible fixed assets |
632,969
15,070
648,039
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For the year ended 30 June 2023
Calscience International Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
16,733
651
16,082
16,082
651
16,733
Provision for depreciation and impairment |
16,730
649
16,081
16,730
649
16,081
1
2
3
1
2
3
2022
2023
20,920
20,920
5. Trade and other receivables |
2022
2023
2,337
9,594
6. Trade and other payables: amounts falling due within one year |
2022
2023
26,276
13,776
56,968
71,194
Amounts owed to group undertaking and undertaking in which the company |
has a participating interest |
471,371
451,338
Taxation and social security |
1,169
1,169
18,295
16,525
574,079
554,002
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For the year ended 30 June 2023
Calscience International Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
15,413
20,000
51,328
51,328
66,741
71,328
8. Average number of persons employed |
During the year the average number of employees was 2.
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
transition to Section 1A of Financial Reporting Standard 102. |
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