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Registered number: 11896156
Calder Gates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11896156
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 100,000 120,000
Tangible Assets 5 52,439 38,628
152,439 158,628
CURRENT ASSETS
Debtors 6 111,455 41,179
Cash at bank and in hand 33,757 78,346
145,212 119,525
Creditors: Amounts Falling Due Within One Year 7 (76,464 ) (82,357 )
NET CURRENT ASSETS (LIABILITIES) 68,748 37,168
TOTAL ASSETS LESS CURRENT LIABILITIES 221,187 195,796
NET ASSETS 221,187 195,796
CAPITAL AND RESERVES
Called up share capital 8 200,001 200,001
Profit and Loss Account 21,186 (4,205 )
SHAREHOLDERS' FUNDS 221,187 195,796
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Pattison
Director
25th September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Calder Gates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11896156 . The registered office is Unit 6 Bankfield Business Park, Huddersfield Road, Mirfield, West Yorkshire, WF14 9DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 200,000
As at 31 March 2024 200,000
Amortisation
As at 1 April 2023 80,000
Provided during the period 20,000
As at 31 March 2024 100,000
Net Book Value
As at 31 March 2024 100,000
As at 1 April 2023 120,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 39,700 26,583 66,283
Additions 22,850 - 22,850
As at 31 March 2024 62,550 26,583 89,133
Depreciation
As at 1 April 2023 13,047 14,608 27,655
Provided during the period 6,045 2,994 9,039
As at 31 March 2024 19,092 17,602 36,694
Net Book Value
As at 31 March 2024 43,458 8,981 52,439
As at 1 April 2023 26,653 11,975 38,628
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,775 32,346
Prepayments and accrued income 4,680 4,741
Other taxes and social security - 4,092
111,455 41,179
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 46,098 30,504
Corporation tax 7,148 13,829
Other taxes and social security 2,389 -
VAT 10,108 9,236
Other creditors 90 114
Accruals and deferred income 622 382
Director's loan account 10,009 28,292
76,464 82,357
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,001 200,001
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