0 01/01/2023 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false 2023-01-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 02571703 2023-01-01 2023-12-31 02571703 2023-12-31 02571703 2022-12-31 02571703 2022-01-01 2022-12-31 02571703 2022-12-31 02571703 2021-12-31 02571703 bus:RegisteredOffice 2023-01-01 2023-12-31 02571703 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02571703 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 02571703 bus:Director1 2023-01-01 2023-12-31 02571703 bus:Director2 2023-01-01 2023-12-31 02571703 bus:CompanySecretary1 2023-01-01 2023-12-31 02571703 core:FurnitureFittingsToolsEquipment 2022-12-31 02571703 core:FurnitureFittingsToolsEquipment 2023-12-31 02571703 core:WithinOneYear 2023-12-31 02571703 core:WithinOneYear 2022-12-31 02571703 core:ShareCapital 2023-12-31 02571703 core:ShareCapital 2022-12-31 02571703 core:RetainedEarningsAccumulatedLosses 2023-12-31 02571703 core:RetainedEarningsAccumulatedLosses 2022-12-31 02571703 bus:OrdinaryShareClass1 core:ShareCapital 2023-12-31 02571703 bus:OrdinaryShareClass1 core:ShareCapital 2022-12-31 02571703 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02571703 core:FurnitureFittingsToolsEquipment 2022-12-31 02571703 bus:SmallEntities 2023-01-01 2023-12-31 02571703 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02571703 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02571703 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02571703 bus:FullAccounts 2023-01-01 2023-12-31 02571703 core:PlantMachinery 2023-01-01 2023-12-31
CalebAcuity Limited
Filleted accounts
31 December 2023
Company registration number: 02571703
CalebAcuity Limited
Directors and other information
Directors G S Caleb
Mrs D M Caleb
Secretary Mrs D M Caleb
Company number 02571703
Registered office The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Accountants Cox Hinkins & Co. Limited
Accountants & Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
CalebAcuity Limited
Balance sheet
31st December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,020 1,935
_______ _______
1,020 1,935
Current assets
Debtors 6 6,123 5,812
Cash at bank and in hand 8,057 9,511
_______ _______
14,180 15,323
Creditors: amounts falling due
within one year 7 ( 20,427) ( 70,014)
_______ _______
Net current liabilities ( 6,247) ( 54,691)
_______ _______
Net liabilities ( 5,227) ( 52,756)
_______ _______
Capital and reserves
Called up share capital 8 1,000 1,000
Profit and loss account ( 6,227) ( 53,756)
_______ _______
Shareholders deficit ( 5,227) ( 52,756)
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
G S Caleb
Director
Company registration number: 02571703
CalebAcuity Limited
Notes to the financial statements
Year ended 31st December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be that of management consultants .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
At 31st December 2023 the company had a deficiency of assets amounting to £5,227 (2022: £52,756) after taking into consideration a loan from the directors totalling £11,671 (2022: £63,709). The company is reliant upon the financial support and guarantees of its directors who have indicated that this will be continued for at least a further 12 months from the date of approval of these accounts. In light of this continued support, the financial statements have been prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment - Reducing balance basis at 25% per annum
Computer equipment - Straight line basis at 25% per annum
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1st January 2023 and 31st December 2023 8,565 8,565
_______ _______
Depreciation
At 1st January 2023 6,630 6,630
Charge for the year 915 915
_______ _______
At 31st December 2023 7,545 7,545
_______ _______
Carrying amount
At 31st December 2023 1,020 1,020
_______ _______
At 31st December 2022 1,935 1,935
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 6,000 5,644
Other debtors 123 168
_______ _______
6,123 5,812
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 698 1,230
Social security and other taxes 3,261 1,779
Other creditors 16,468 67,005
_______ _______
20,427 70,014
_______ _______
8. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 1,000 1,000 1,000 1,000
_______ _______ _______ _______
9. Controlling party
The company is under the control of G S Caleb who owns 58.2% of the issued shares.