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REGISTERED NUMBER: 04609012 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Caldan Industrial Insulation Limited

Caldan Industrial Insulation Limited (Registered number: 04609012)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caldan Industrial Insulation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Cochrane
N J Cochrane





SECRETARY: N J Cochrane





REGISTERED OFFICE: Unit 1B Ladyship Business Park
Mill Lane
Halifax
West Yorkshire
HX3 6TN





REGISTERED NUMBER: 04609012 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Caldan Industrial Insulation Limited (Registered number: 04609012)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,319 21,781

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 6 345,438 487,642
Cash at bank 95,940 122,313
448,378 616,955
CREDITORS
Amounts falling due within one year 7 182,598 242,744
NET CURRENT ASSETS 265,780 374,211
TOTAL ASSETS LESS CURRENT LIABILITIES 284,099 395,992

PROVISIONS FOR LIABILITIES 3,481 4,138
NET ASSETS 280,618 391,854

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 280,518 391,754
SHAREHOLDERS' FUNDS 280,618 391,854

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





N J Cochrane - Director


Caldan Industrial Insulation Limited (Registered number: 04609012)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Caldan Industrial Insulation Limited is a private company, limited by shares , registered in England and Wales. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Caldan Industrial Insulation Limited (Registered number: 04609012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery equipment
£    £    £   
COST
At 1 January 2023 4,450 65,331 19,255
Additions - 2,004 -
At 31 December 2023 4,450 67,335 19,255
DEPRECIATION
At 1 January 2023 2,670 58,567 14,442
Charge for year 445 2,192 722
At 31 December 2023 3,115 60,759 15,164
NET BOOK VALUE
At 31 December 2023 1,335 6,576 4,091
At 31 December 2022 1,780 6,764 4,813

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 18,435 28,396 135,867
Additions - - 2,004
At 31 December 2023 18,435 28,396 137,871
DEPRECIATION
At 1 January 2023 12,450 25,957 114,086
Charge for year 1,497 610 5,466
At 31 December 2023 13,947 26,567 119,552
NET BOOK VALUE
At 31 December 2023 4,488 1,829 18,319
At 31 December 2022 5,985 2,439 21,781

Caldan Industrial Insulation Limited (Registered number: 04609012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 247,201 378,580
Other debtors 44,945 44,945
Directors' loan accounts 10,481 13,276
Tax 12,232 7,992
Other taxes 28,729 26,519
Prepayments and accrued income 1,850 4,515
345,438 475,827

Amounts falling due after more than one year:
Recoverable corporation tax - 11,815

Aggregate amounts 345,438 487,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 167,470 195,308
Tax - 37,421
VAT 5,748 4,923
Other creditors 786 794
Directors' loan accounts 4,850 5,784
Accrued expenses 3,744 (1,486 )
182,598 242,744

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A Cochrane
Balance outstanding at start of year 13,274 11,605
Amounts advanced 64,159 62,743
Amounts repaid (66,952 ) (61,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,481 13,274

N J Cochrane
Balance outstanding at start of year (5,784 ) (1,351 )
Amounts advanced 24,000 18,880
Amounts repaid (23,066 ) (23,313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,850 ) (5,784 )

Caldan Industrial Insulation Limited (Registered number: 04609012)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

All loans are repayable on demand and interest is charged at 2% pa.