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REGISTERED NUMBER: 09010135 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CALCINOTTO LIMITED

CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 72,085 83,914

Current assets
Debtors 5 934,039 590,596
Cash at bank and in hand 335,536 722,617
1,269,575 1,313,213
Creditors
Amounts falling due within one year 6 952,273 745,423
Net current assets 317,302 567,790
Total assets less current liabilities 389,387 651,704

Creditors
Amounts falling due after more than one year 7 (83,333 ) (133,333 )

Provisions for liabilities 10 (17,034 ) (15,028 )
Net assets 289,020 503,343

Capital and reserves
Called up share capital 11 110 110
Share premium 105,732 105,732
Capital redemption reserve 19 19
Retained earnings 183,159 397,482
Shareholders' funds 289,020 503,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:




Mr J Calcinotto - Director



Mr M Singleton - Director


CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. Statutory information

Calcinotto Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09010135. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is First Floor South, Waterloo House, Fleets Corner Business Park, Poole, Dorset, BH17 0HL.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. Accounting policies - continued

Government grants
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

3. Employees and directors

The average number of employees during the year was 27 (2022 - 25 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 October 2022 146,641 52,891 199,532
Additions 3,417 6,675 10,092
At 30 September 2023 150,058 59,566 209,624
Depreciation
At 1 October 2022 76,026 39,592 115,618
Charge for year 14,807 7,114 21,921
At 30 September 2023 90,833 46,706 137,539
Net book value
At 30 September 2023 59,225 12,860 72,085
At 30 September 2022 70,615 13,299 83,914

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 853,758 538,705
Other debtors 7,534 2,520
Directors' current accounts 24,832 25,009
Prepayments 47,915 24,362
934,039 590,596

CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 48,672 47,392
Amounts owed to group undertakings 450,762 352,614
Amounts owed to associates 31,250 11,250
Tax 120,762 72,649
Social security and other taxes - 23,708
VAT 212,751 159,217
Other creditors 32,611 23,388
Accrued expenses 5,465 5,205
952,273 745,423

HSBC Bank PLC holds a legal charge over the company assets for all monies due or that become due from the company.

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 33,333 83,333
83,333 133,333

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 41,722 33,244
Between one and five years 165,919 181,910
In more than five years 1,889 7,557
209,530 222,711

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 133,333 183,333

All amounts becoming due to HSBC Bank PLC are secured over all the company assets by way of a fixed and floating charge dated 15 December 2017.

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 17,034 15,028

CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 October 2022 15,028
Charge to Income statement during year 2,006
Balance at 30 September 2023 17,034

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
600 Ordinary A 10p 60 60
200 Ordinary B 10p 20 20
100 Ordinary D 10p 10 10
100 Ordinary E 10p 10 10
100 Ordinary F 10p 10 10
110 110

12. Guarantees

In the prior year the company entered into an agreement to be a guarantor in respect of a hire purchase agreement taken out by its parent company. The amount outstanding at the year end date was £121,550

13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr J Calcinotto
Balance outstanding at start of year 18,752 18,752
Amounts advanced 18,575 18,752
Amounts repaid (18,752 ) (18,752 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,575 18,752

Mr M Singleton
Balance outstanding at start of year 6,257 6,257
Amounts advanced 6,257 6,257
Amounts repaid (6,257 ) (6,257 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,257 6,257

As at the balance sheet date, the director, Mr J Calcinotto, owed the company £18,575 (2022: £18,752), disclosed within other debtors. The loan was repaid within nine months of the year end.

In addition at the balance sheet date, the director, Mr M Singleton, owed the company £6,257 (2022: £6,257), disclosed within other debtors. The loan was repaid within nine months of the year end.

CALCINOTTO LIMITED (REGISTERED NUMBER: 09010135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


14. Ultimate controlling party

The company is ultimately controlled by the director, Mr J Calcinotto, by virtue of his 68% holding in the voting share capital of the parent company, Calcinotto Holdings Limited.