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REGISTERED NUMBER: NI633358 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CALIBRO WORKSPACE LIMITED

CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CALIBRO WORKSPACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N Cooper
E Cooper
R Crawford





REGISTERED OFFICE: Unit 6 Rathenraw Industrial Estate
Antrim
BT41 2SJ





REGISTERED NUMBER: NI633358 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 264,749 100,807

CURRENT ASSETS
Debtors 5 424,405 523,611
Cash at bank and in hand 1,212,334 1,652,295
1,636,739 2,175,906
CREDITORS
Amounts falling due within one year 6 555,381 1,264,366
NET CURRENT ASSETS 1,081,358 911,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,346,107

1,012,347

CREDITORS
Amounts falling due after more than one
year

7

(32,109

)

-

PROVISIONS FOR LIABILITIES (59,104 ) (17,086 )
NET ASSETS 1,254,894 995,261

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,254,794 995,161
SHAREHOLDERS' FUNDS 1,254,894 995,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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 27 August 2024 and were signed on its behalf by:




E Cooper - Director N Cooper - Director




R Crawford - Director


CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

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


1. STATUTORY INFORMATION

Calibro Workspace Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Establish whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and the business in general.

Consider the recoverability of trade debtors and amounts recoverable on contracts and the need for impairment provisions. These considerations are undertaken regularly by the directors, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

The directors also consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
- Fit out contracts:
When the outcome of a fit out contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

- Other turnover:
Other turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures, fittings & equipment - 33% on cost and 20% on cost
Motor vehicles - 25% on reducing balance


CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

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


2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 - 30,701 40,415 103,666 174,782
Additions 27,384 40,751 60,306 84,495 212,936
Disposals - - - (14,200 ) (14,200 )
At 31 December 2023 27,384 71,452 100,721 173,961 373,518
DEPRECIATION
At 1 January 2023 - 26,040 23,123 24,812 73,975
Charge for year 444 2,618 16,197 25,159 44,418
Eliminated on disposal - - - (9,624 ) (9,624 )
At 31 December 2023 444 28,658 39,320 40,347 108,769
NET BOOK VALUE
At 31 December 2023 26,940 42,794 61,401 133,614 264,749
At 31 December 2022 - 4,661 17,292 78,854 100,807

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 84,495
At 31 December 2023 84,495
DEPRECIATION
Charge for year 6,208
At 31 December 2023 6,208
NET BOOK VALUE
At 31 December 2023 78,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 313,361 427,474
Other debtors 111,044 96,137
424,405 523,611

CALIBRO WORKSPACE LIMITED (REGISTERED NUMBER: NI633358)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 22,297
Hire purchase contracts 32,465 -
Trade creditors 168,329 134,232
Taxation and social security 50,457 450,924
Other creditors 304,130 656,913
555,381 1,264,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 32,109 -

8. ULTIMATE CONTROLLING PARTY

At the year end the company was under the control of Mr E Cooper. Subsequent to the year end Purpos Group Limited became the controlling party.