Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsetruetruefalse12022-08-31No description of principal activity0 14326614 2022-08-30 14326614 2022-08-31 2023-12-31 14326614 2023-12-31 14326614 2021-08-31 2022-08-30 14326614 c:Director1 2022-08-31 2023-12-31 14326614 d:ComputerEquipment 2022-08-31 2023-12-31 14326614 d:ComputerEquipment 2023-12-31 14326614 d:CurrentFinancialInstruments 2023-12-31 14326614 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14326614 d:ShareCapital 2023-12-31 14326614 d:RetainedEarningsAccumulatedLosses 2023-12-31 14326614 c:FRS102 2022-08-31 2023-12-31 14326614 c:Audited 2022-08-31 2023-12-31 14326614 c:FullAccounts 2022-08-31 2023-12-31 14326614 c:PrivateLimitedCompanyLtd 2022-08-31 2023-12-31 14326614 c:SmallCompaniesRegimeForAccounts 2022-08-31 2023-12-31 14326614 e:PoundSterling 2022-08-31 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 14326614







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


CALVATIS LIMITED






































img3e27.png                        

 


CALVATIS LIMITED
REGISTERED NUMBER:14326614



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
1,707

  
1,707

Current assets
  

Stocks
  
854

Debtors: amounts falling due within one year
 5 
5,047

Cash at bank and in hand
  
6,266

  
12,167

Creditors: amounts falling due within one year
 6 
(45,935)

Net current liabilities
  
 
 
(33,768)

Total assets less current liabilities
  
(32,061)

  

Net liabilities
  
(32,061)


Capital and reserves
  

Called up share capital 
  
10,000

Profit and loss account
  
(42,061)

  
(32,061)


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 profit and loss account 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: 




T Mohr
Director

Date: 30 August 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 


CALVATIS LIMITED
 


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

1.


General information

Calvatis Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information page of these financial statements. There is no principal place of business.
The company was incorporated on 31 August 2022. As a result this is the company's first set of accounts which  represents a 16 month period from incorporation to 31 December 2023.
The presentational currency of the financial statements is the Pound Sterling (£).
The significant accounting policies applied in the preparation of these financial statements are set out below.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which the director considers to be appropriate for the reason that the Company has obtained the financial support letter from the parent company, for 12 months from the date of the financial statements approval. This letter confirms that the parent company will provide where needed the necessary financial support so that the Company can meet its commitments and continue its business under normal conditions.
As a result of the Company’s performance and financial position post year end, the director does not consider there to be any material uncertainty relating to the Company’s ability to continue as a going concern and have prepared the financial statements on a going concern basis.

Page 2

 


CALVATIS LIMITED
 


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

2.Accounting policies (continued)

 
2.3

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.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated via the sale of cleaning agents and disinfectants and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

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:

Computer equipment
-
33%
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.

Page 3

 


CALVATIS LIMITED
 


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

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees during the period was 1.


4.


Tangible fixed assets





Computer equipment

£



Cost


Additions
1,707



At 31 December 2023

1,707






Net book value



At 31 December 2023
1,707

Page 4

 


CALVATIS LIMITED
 


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

5.


Debtors

2023
£


Trade debtors
1,250

Other debtors
1,734

Prepayments and accrued income
2,063

5,047



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
8,325

Amounts owed to group undertakings
22,530

Other taxation and social security
3,180

Accruals and deferred income
11,900

45,935



7.


Controlling party

The ultimate parent company, Calvatis GmbH, is a company registered in Germany whose office address is Am Hafen 16, 68526 Ladenburg, Germany.
The company's results are consolidated in the financial statements of Calvatis GmbH and these can be obtained from its registered office.


8.


Auditors' information

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

The audit report was signed on 30 August 2024 by Hezelina Hashim (ACCA) (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 5