Company registration number 11109763 (England and Wales)
CALAMAZES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
CALAMAZES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CALAMAZES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
221,283
227,814
Current assets
Debtors
4
6,500
Cash at bank and in hand
2,626
59,153
9,126
59,153
Creditors: amounts falling due within one year
5
(307,251)
(351,244)
Net current liabilities
(298,125)
(292,091)
Total assets less current liabilities
(76,842)
(64,277)
Creditors: amounts falling due after more than one year
6
(25,921)
(40,987)
Net liabilities
(102,763)
(105,264)
Capital and reserves
Called up share capital
7
6
6
Profit and loss reserves
(102,769)
(105,270)
Total equity
(102,763)
(105,264)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 August 2024
D Hiles
Company registration number 11109763 (England and Wales)
CALAMAZES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information
Calamazes Limited is a private company limited by shares incorporated in England and Wales. The registered office is Trident House, 105 Derby Road, Liverpool, L20 8LZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Due to the continuing availability of banking facilities and the on-going support of the company's principal shareholders, the director believes that it is appropriate to prepare the financial statements on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
CALAMAZES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 May 2023
450,427
Additions
61,650
At 30 April 2024
512,077
Depreciation and impairment
At 1 May 2023
222,613
Depreciation charged in the year
68,181
At 30 April 2024
290,794
Carrying amount
At 30 April 2024
221,283
At 30 April 2023
227,814
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6,500
CALAMAZES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
14,880
14,480
Taxation and social security
8,946
10,954
Other creditors
283,425
325,810
307,251
351,244
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
25,921
40,987
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share capital of £1 each
3
3
3
3
Ordinary "A" share capital of £1 each
1
1
1
1
Ordinary "B" share capital of £1 each
1
1
1
1
Ordinary "C" Share capital of £1 each
1
1
1
1
6
6
6
6