REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
CALCINOTTO HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
CALCINOTTO HOLDINGS LIMITED |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
Provisions for liabilities | 10 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Revaluation reserve | 12 |
Retained earnings |
Shareholders' funds |
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 HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
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 |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | Statutory information |
Calcinotto Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08748690. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 42A Upper Golf Links Road, Broadstone, Dorset, BH18 8BY. |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Calcinotto Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents amounts receivable for the sale of goods and services supplied in the year, net of VAT and trade discounts. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at 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 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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2. | Accounting policies - continued |
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. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost or valuation |
At 1 October 2022 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations |
At 30 September 2023 |
Depreciation |
At 1 October 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 September 2023 |
Net book value |
At 30 September 2023 |
At 30 September 2022 |
Cost or valuation at 30 September 2023 is represented by: |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Valuation in 2023 | 223,984 | - | - | - | 223,984 |
Cost | 559,484 | 115,562 | 70,662 | 13,838 | 759,546 |
783,468 | 115,562 | 70,662 | 13,838 | 983,530 |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
4. | Tangible fixed assets - continued |
If plant and machinery had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 559,484 | - |
Aggregate depreciation | 274,236 | - |
Plant and machinery was valued on an open market basis on 30 September 2023 by the director . |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
Cost or valuation |
At 1 October 2022 |
Revaluations |
At 30 September 2023 |
Depreciation |
At 1 October 2022 |
Charge for year |
At 30 September 2023 |
Net book value |
At 30 September 2023 |
At 30 September 2022 |
5. | Fixed asset investments |
Shares in | Interest |
group | in |
undertakings | associate | Totals |
£ | £ | £ |
Cost |
At 1 October 2022 | 49 | 119 |
Additions | 51 |
Reclassification/transfer | 49 | ( |
) | - |
At 30 September 2023 | 170 |
Net book value |
At 30 September 2023 | 170 |
At 30 September 2022 | 49 | 119 |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
6. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts owed by associates |
Directors' current accounts | 45,997 | - |
Prepayments and accrued income |
7. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Tax |
VAT | 4,434 | 52,499 |
Directors' current accounts | - | 15,016 |
Accruals and deferred income |
8. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
9. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Hire purchase contracts | 226,283 | 307,786 |
Amounts owed under hire purchase are secured against the assets to which they relate. |
10. | Provisions for liabilities |
2023 | 2022 |
£ | £ |
Deferred tax | 142,235 | 55,514 |
Deferred |
tax |
£ |
Balance at 1 October 2022 |
Accelerated capital allowances | 30,725 |
Revaluation | 55,996 |
Balance at 30 September 2023 |
CALCINOTTO HOLDINGS LIMITED (REGISTERED NUMBER: 08748690) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
11. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A | £1.00 | 136 | 136 |
Ordinary B | £1.00 | 24 | 24 |
Ordinary C/D | £1.00 | 40 | 40 |
200 | 200 |
12. | Reserves |
Revaluation |
reserve |
£ |
Revaluation reserve | 167,988 |
At 30 September 2023 |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
At the balance sheet date the Directors, Mr J Calcinotto and Mrs J Calcinotto, owed the company £45,997. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end. |
14. | Ultimate controlling party |
The company is controlled by the director, Mr J Calcinotto, who owns 68% of the issued share capital. |