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REGISTERED NUMBER: SC208131 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Calibre Power Electronics Limited

Calibre Power Electronics Limited (Registered number: SC208131)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

Calibre Power Electronics Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs M Rana
Mrs T L Reddy
Miss L A Rana





SECRETARY: Mrs M Rana





REGISTERED OFFICE: Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB





BUSINESS ADDRESS: 11 Dorward Road
MONTROSE
DD10 8SB





REGISTERED NUMBER: SC208131 (Scotland)





ACCOUNTANTS: Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB

Calibre Power Electronics Limited (Registered number: SC208131)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 54,071 38,250
Investments 5 24,883 24,883
78,954 63,133

CURRENT ASSETS
Stocks 24,725 7,175
Debtors 6 348,448 349,945
Cash at bank and in hand 240,368 311,090
613,541 668,210
CREDITORS
Amounts falling due within one
year

7

(138,746

)

(169,010

)
NET CURRENT ASSETS 474,795 499,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,749

562,333

PROVISIONS FOR LIABILITIES (4,372 ) (6,545 )
NET ASSETS 549,377 555,788

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 549,257 555,668
549,377 555,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Calibre Power Electronics Limited (Registered number: SC208131)

Balance Sheet - continued
30 June 2024


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 3 October 2024 and were signed on its behalf by:




Mrs M Rana - Director Mrs T L Reddy - Director




Miss L A Rana - Director


Calibre Power Electronics Limited (Registered number: SC208131)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Calibre Power Electronics Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 40% 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.

Calibre Power Electronics Limited (Registered number: SC208131)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 119,190 4,141 15,460 14,251 153,042
Additions 2,075 - 26,850 809 29,734
At 30 June 2024 121,265 4,141 42,310 15,060 182,776
DEPRECIATION
At 1 July 2023 85,360 2,965 15,460 11,007 114,792
Charge for year 5,392 177 6,713 1,631 13,913
At 30 June 2024 90,752 3,142 22,173 12,638 128,705
NET BOOK VALUE
At 30 June 2024 30,513 999 20,137 2,422 54,071
At 30 June 2023 33,830 1,176 - 3,244 38,250

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Other investments - Gold coins 24,883 24,883

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 326,532 342,724
Other debtors - 1,800
Tax recoverable 18 -
Prepayments and accrued income 21,898 5,421
348,448 349,945

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 43,404 4,248
Tax - 34,182
PAYE 11,015 13,576
VAT 39,316 75,197
Credit card 2,873 12,067
Directors' loan accounts 31,676 18,171
Accrued expenses 10,462 11,569
138,746 169,010

Calibre Power Electronics Limited (Registered number: SC208131)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 32,539 21,394
Between one and five years 103,819 8,525
In more than five years 12,250 -
148,608 29,919

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £86,400 (2023 - £80,550) were paid to the directors .

During the year Mrs M Rana (director) increased the amount loaned to the company by £4,008 leaving a balance of £6,130 (2023 £2,122). This loan is unsecured, interest free and repayable on demand.

During the year Miss L A Rana (director) increased the amount loaned to the company by £4,698 leaving a balance of £9,301 (2023 £4,603). This loan is unsecured, interest free and repayable on demand.

During the year Mrs T L Reddy (director) increased the amount loaned to the company by £5,010 leaving a balance of £16,246 (2023 £11,446). This loan is unsecured, interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Calibre Power Electronics Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Calibre Power Electronics Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Calibre Power Electronics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Calibre Power Electronics Limited and state those matters that we have agreed to state to the Board of Directors of Calibre Power Electronics Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Calibre Power Electronics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Calibre Power Electronics Limited. You consider that Calibre Power Electronics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Calibre Power Electronics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
Victoria House
13 Victoria Street
ABERDEEN
AB10 1XB


3 October 2024