Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false21No description of principal activity2023-01-0112falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11020413 2023-01-01 2023-12-31 11020413 2022-01-01 2022-12-31 11020413 2023-12-31 11020413 2022-12-31 11020413 2022-01-01 11020413 c:Director1 2023-01-01 2023-12-31 11020413 c:Director2 2023-01-01 2023-12-31 11020413 c:Director3 2023-01-01 2023-12-31 11020413 c:Director4 2023-01-01 2023-12-31 11020413 c:RegisteredOffice 2023-01-01 2023-12-31 11020413 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 11020413 d:Buildings d:ShortLeaseholdAssets 2023-12-31 11020413 d:Buildings d:ShortLeaseholdAssets 2022-12-31 11020413 d:PlantMachinery 2023-01-01 2023-12-31 11020413 d:PlantMachinery 2023-12-31 11020413 d:PlantMachinery 2022-12-31 11020413 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11020413 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11020413 d:CurrentFinancialInstruments 2023-12-31 11020413 d:CurrentFinancialInstruments 2022-12-31 11020413 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11020413 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11020413 d:ShareCapital 2023-01-01 2023-12-31 11020413 d:ShareCapital 2023-12-31 11020413 d:ShareCapital 2022-01-01 2022-12-31 11020413 d:ShareCapital 2022-12-31 11020413 d:ShareCapital 2022-01-01 11020413 d:SharePremium 2023-01-01 2023-12-31 11020413 d:SharePremium 2023-12-31 11020413 d:SharePremium 2022-01-01 2022-12-31 11020413 d:SharePremium 2022-12-31 11020413 d:SharePremium 2022-01-01 11020413 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11020413 d:RetainedEarningsAccumulatedLosses 2023-12-31 11020413 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11020413 d:RetainedEarningsAccumulatedLosses 2022-12-31 11020413 d:RetainedEarningsAccumulatedLosses 2022-01-01 11020413 c:FRS102 2023-01-01 2023-12-31 11020413 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11020413 c:FullAccounts 2023-01-01 2023-12-31 11020413 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11020413 d:WithinOneYear 2023-12-31 11020413 d:WithinOneYear 2022-12-31 11020413 d:BetweenOneFiveYears 2023-12-31 11020413 d:BetweenOneFiveYears 2022-12-31 11020413 d:MoreThanFiveYears 2023-12-31 11020413 d:MoreThanFiveYears 2022-12-31 11020413 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 11020413







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


CALDERA HEAT BATTERIES LIMITED






































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CALDERA HEAT BATTERIES LIMITED
 


 
COMPANY INFORMATION


Directors
J D Macnaghten 
G A J Winstanley 
A C Brown 
M Lee 




Registered number
11020413



Registered office
7 Brunel Way
Segensworth East

Fareham

Hampshire

PO15 5TX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


CALDERA HEAT BATTERIES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 8


 


CALDERA HEAT BATTERIES LIMITED
REGISTERED NUMBER:11020413



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
324,127
48,406

  
324,127
48,406

Current assets
  

Debtors: amounts falling due within one year
 5 
1,117,898
269,180

Cash at bank and in hand
  
950,624
513,178

  
2,068,522
782,358

Creditors: amounts falling due within one year
 6 
(686,265)
(86,990)

Net current assets
  
 
 
1,382,257
 
 
695,368

Total assets less current liabilities
  
1,706,384
743,774

  

Net assets
  
1,706,384
743,774

Page 1

 


CALDERA HEAT BATTERIES LIMITED
REGISTERED NUMBER:11020413


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
  
149,593
139,674

Share premium account
 7 
2,972,036
1,701,355

Profit and loss account
 7 
(1,415,245)
(1,097,255)

  
1,706,384
743,774


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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: 




J D Macnaghten
Director

Date: 25 June 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 


CALDERA HEAT BATTERIES LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
139,674
1,701,355
(964,537)
876,492


Comprehensive income for the year

Loss for the year
-
-
(132,718)
(132,718)
Total comprehensive income for the year
-
-
(132,718)
(132,718)


Total transactions with owners
-
-
-
-



At 1 January 2023
139,674
1,701,355
(1,097,255)
743,774


Comprehensive income for the year

Loss for the year
-
-
(317,990)
(317,990)
Total comprehensive income for the year
-
-
(317,990)
(317,990)


Contributions by and distributions to owners

Shares issued during the year
9,919
1,270,681
-
1,280,600


Total transactions with owners
9,919
1,270,681
-
1,280,600


At 31 December 2023
149,593
2,972,036
(1,415,245)
1,706,384


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


CALDERA HEAT BATTERIES LIMITED
 


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

1.


General information

Caldera Heat Batteries Limited is a private company limited by shares incorporated in England and Wales. The address of the 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.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 


CALDERA HEAT BATTERIES LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

 
2.8

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.

 
2.9

Taxation

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.

 
2.10

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.

Page 5

 


CALDERA HEAT BATTERIES LIMITED
 


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

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance/ straight line basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10 years
Plant and machinery
-
25%
reducing balance

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.

 
2.11

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.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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, including directors, during the year was 21 (2022 - 12).

Page 6

 


CALDERA HEAT BATTERIES LIMITED
 


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

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2023
7,669
72,905
80,574


Additions
-
384,928
384,928


Disposals
-
(4,110)
(4,110)



At 31 December 2023

7,669
453,723
461,392



Depreciation


At 1 January 2023
767
31,401
32,168


Charge for the year on owned assets
767
105,998
106,765


Disposals
-
(1,668)
(1,668)



At 31 December 2023

1,534
135,731
137,265



Net book value



At 31 December 2023
6,135
317,992
324,127



At 31 December 2022
6,902
41,504
48,406


5.


Debtors

2023
2022
£
£


Trade debtors
199,800
59,093

Other debtors
267,521
172,940

Prepayments and accrued income
650,577
37,147

1,117,898
269,180


Page 7

 


CALDERA HEAT BATTERIES LIMITED
 


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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
477,624
-

Trade creditors
105,727
14,122

Other taxation and social security
90,561
62,104

Other creditors
8,803
8,619

Accruals and deferred income
3,550
2,145

686,265
86,990



7.


Reserves

Share premium account

This reserve records the excess amounts paid for shares, net of any costs in obtaining finance.

Profit and loss account

This reserve records retained earnings and accumulated losses.


8.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
94,703
94,703

Later than 1 year and not later than 5 years
378,810
378,810

Later than 5 years
323,304
418,006

796,817
891,519


9.


Transactions with directors

At the year end, included within debtors was a directors loan account balance due from the directors amounting to £100 (2022 - £100).

 
Page 8