Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312024-05-012024-05-0110The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.102023-01-01falseNo description of principal activityfalsetrue 02760332 2023-01-01 2023-12-31 02760332 2023-12-31 02760332 2022-01-01 2022-12-31 02760332 2022-12-31 02760332 c:Director1 2023-01-01 2023-12-31 02760332 c:Director2 2023-01-01 2023-12-31 02760332 c:RegisteredOffice 2023-01-01 2023-12-31 02760332 d:Buildings 2023-01-01 2023-12-31 02760332 d:Buildings 2023-12-31 02760332 d:Buildings 2022-12-31 02760332 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02760332 d:PlantMachinery 2023-01-01 2023-12-31 02760332 d:PlantMachinery 2023-12-31 02760332 d:PlantMachinery 2022-12-31 02760332 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02760332 d:MotorVehicles 2023-01-01 2023-12-31 02760332 d:MotorVehicles 2023-12-31 02760332 d:MotorVehicles 2022-12-31 02760332 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02760332 d:FurnitureFittings 2023-01-01 2023-12-31 02760332 d:FurnitureFittings 2023-12-31 02760332 d:FurnitureFittings 2022-12-31 02760332 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02760332 d:OfficeEquipment 2023-01-01 2023-12-31 02760332 d:OfficeEquipment 2023-12-31 02760332 d:OfficeEquipment 2022-12-31 02760332 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02760332 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02760332 d:CurrentFinancialInstruments 2023-12-31 02760332 d:CurrentFinancialInstruments 2022-12-31 02760332 d:Non-currentFinancialInstruments 2023-12-31 02760332 d:Non-currentFinancialInstruments 2022-12-31 02760332 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02760332 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02760332 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02760332 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 02760332 d:ShareCapital 2023-12-31 02760332 d:ShareCapital 2022-12-31 02760332 d:RetainedEarningsAccumulatedLosses 2023-12-31 02760332 d:RetainedEarningsAccumulatedLosses 2022-12-31 02760332 c:FRS102 2023-01-01 2023-12-31 02760332 c:Audited 2023-01-01 2023-12-31 02760332 c:FullAccounts 2023-01-01 2023-12-31 02760332 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02760332 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 02760332







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


CALTEST INSTRUMENTS LIMITED






































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CALTEST INSTRUMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
K Voelcker 
S Harman 




Registered number
02760332



Registered office
Unit 2 Viceroy Court
Bedford Road

Petersfield

GU32 3LJ




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


CALTEST INSTRUMENTS LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 6


 


CALTEST INSTRUMENTS LIMITED
REGISTERED NUMBER:02760332



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
333,242
363,255

  
333,242
363,255

Current assets
  

Stocks
  
161,383
163,266

Debtors: amounts falling due within one year
 5 
452,934
1,264,776

Cash at bank and in hand
  
1,006,852
125,540

  
1,621,169
1,553,582

Creditors: amounts falling due within one year
 6 
(777,014)
(1,347,811)

Net current assets
  
 
 
844,155
 
 
205,771

Total assets less current liabilities
  
1,177,397
569,026

Creditors: amounts falling due after more than one year
 7 
-
(7,286)

Provisions for liabilities
  

Deferred tax
  
(7,483)
(6,877)

  
 
 
(7,483)
 
 
(6,877)

Net assets
  
1,169,914
554,863


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,169,814
554,763

  
1,169,914
554,863


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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
S Harman
Director
Date: 1 May 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


CALTEST INSTRUMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Caltest Instruments Limited is a private company limited by shares, incorporated in the United Kingdom under the
Companies Act 2006 and is registered in England and Wales. The address of its registered office is disclosed on the
company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 


CALTEST INSTRUMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
50 years straight line
Plant and machinery
-
4 years straight line
Motor vehicles
-
5 years straight line
Fixtures and fittings
-
5 years straight line
Equipment
-
3-4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a  first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is 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.

Page 3

 


CALTEST INSTRUMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 4


CALTEST INSTRUMENTS LIMITED
  
 
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023



4.


Tangible fixed assets






Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
300,000
20,483
36,794
136,695
70,032
564,004


Additions
-
-
20,158
-
-
20,158



At 31 December 2023

300,000
20,483
56,952
136,695
70,032
584,162



Depreciation


At 1 January 2023
15,333
15,983
23,074
100,141
46,218
200,749


Charge for the year on owned assets
4,000
4,213
6,359
27,425
8,174
50,171



At 31 December 2023

19,333
20,196
29,433
127,566
54,392
250,920



Net book value



At 31 December 2023
280,667
287
27,519
9,129
15,640
333,242



At 31 December 2022
284,667
4,500
13,720
36,554
23,814
363,255

Finance leases

The net book value of assets held under finance leases or hire purchase contracts, included above, is £Nil (2022
- £24,393). The depreciation charged on the assets held under the finance leases, included above, is £24,393 (2022
- £26,392).
Page 5

 


CALTEST INSTRUMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
411,305
1,253,139

Amounts owed by group undertakings
10,811
-

Prepayments and accrued income
30,818
11,637

452,934
1,264,776



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
83,630
368,080

Amounts owed to group undertakings
25,043
257,224

Corporation tax
192,666
33,489

Other taxation and social security
174,890
350,609

Obligations under finance lease and hire purchase contracts
7,286
27,630

Other creditors
23,505
62,509

Accruals and deferred income
269,994
248,270

777,014
1,347,811



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
7,286

-
7,286



8.


Parent company

The parent of the smallest group for which consolidated financial statements are drawn up is PPST Inc,. The registered office of the Parent company is 17692 Fitch Irvine, CA, 92614-6022, United States.

9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 1 May 2024 by Tom Woods FCA (Senior statutory auditor) on behalf of Menzies LLP.
Page 6