Company Registration No. 9723031 (England and Wales)
Calvert Communications Ltd
Unaudited accounts
for the year ended 31 August 2023
Calvert Communications Ltd
Unaudited accounts
Contents
Calvert Communications Ltd
Company Information
for the year ended 31 August 2023
Company Number
9723031 (England and Wales)
Registered Office
77 Dashwood House
Longfield Avenue
London
W5 2JU
Calvert Communications Ltd
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
63,895
40,691
Creditors: amounts falling due within one year
(91,299)
(70,052)
Net current assets
145,139
97,430
Total assets less current liabilities
146,937
98,321
Creditors: amounts falling due after more than one year
(28,750)
(43,750)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
117,802
54,401
Shareholders' funds
117,803
54,402
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2024 and were signed on its behalf by
A J Calvert
Director
Company Registration No. 9723031
Calvert Communications Ltd
Notes to the Accounts
for the year ended 31 August 2023
Calvert Communications Ltd is a private company, limited by shares, registered in England and Wales, registration number 9723031. The registered office is 77 Dashwood House, Longfield Avenue, London, W5 2JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Calvert Communications Ltd
Notes to the Accounts
for the year ended 31 August 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
93,473
74,023
Accrued income and prepayments
39,508
33,893
Other debtors
39,562
18,875
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
15,000
15,000
Taxes and social security
73,661
50,364
Other creditors
2,168
2,231
7
Creditors: amounts falling due after more than one year
2023
2022
The bank loan is secured by a fixed and floating charge over the assets of the company.
Calvert Communications Ltd
Notes to the Accounts
for the year ended 31 August 2023
8
Operating lease commitments
2023
2022
At 31 August 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,949
-
Later than one year and not later than five years
11,135
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Included in other debtors
9,526
112,626
91,940
30,212
9,526
112,626
91,940
30,212
The director's loan will be repaid within nine months of the year end.
10
Average number of employees
During the year the average number of employees was 4 (2022: 3).