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Registration number: 07559839

Kaldor Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Kaldor Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Kaldor Limited

Company Information

Directors

Mr J Kaldor

Mr J K Marks

Registered office

17-21 Emerald Street
London
WC1N 3QN

 

Kaldor Limited

(Registration number: 07559839)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

43,056

56,904

Current assets

 

Debtors

6

2,069,122

1,991,532

Cash at bank and in hand

 

347,916

122,030

 

2,417,038

2,113,562

Creditors: Amounts falling due within one year

7

(1,996,179)

(1,754,316)

Net current assets

 

420,859

359,246

Total assets less current liabilities

 

463,915

416,150

Provisions for liabilities

10

(10,764)

(14,226)

Net assets

 

453,151

401,924

Capital and reserves

 

Called up share capital

9

1

1

Other reserves

11

105,691

89,057

Retained earnings

347,459

312,866

Shareholders' funds

 

453,151

401,924

For the financial year ending 30 April 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 October 2024 and signed on its behalf by:
 

.........................................
Mr J Kaldor
Director

 

Kaldor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17-21 Emerald Street
London
WC1N 3QN
United Kingdom

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Kaldor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.


Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
 

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.


Creditors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
 

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 43 (2023 - 38).

 

Kaldor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

233,963

233,963

Additions

16,156

16,156

Disposals

(46,824)

(46,824)

At 30 April 2024

203,295

203,295

Depreciation

At 1 May 2023

177,059

177,059

Charge for the year

30,003

30,003

Eliminated on disposal

(46,823)

(46,823)

At 30 April 2024

160,239

160,239

Carrying amount

At 30 April 2024

43,056

43,056

At 30 April 2023

56,904

56,904

5

Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Kaldor US Ltd

2711 Centerville Rd, Suite 400
Wilmington

USA

1,000 shares

100%

100%

Subsidiary undertakings

Kaldor US Ltd

The principal activity of Kaldor US Ltd is software development.

 

Kaldor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

The investment is held at cost value, which totals less than $1.

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,045,939

878,101

Amounts owed by related parties

743,301

929,868

Prepayments

166,517

82,842

Other debtors

113,365

100,721

 

2,069,122

1,991,532

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

207,087

156,181

Taxation and social security

292,876

318,850

Accruals and deferred income

1,478,382

1,262,219

Other creditors

17,834

17,066

1,996,179

1,754,316

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

135,270

135,270

Later than one year and not later than five years

67,635

202,905

202,905

338,175

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

Kaldor Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

10

Provisions for liabilities

Deferred tax

£

At 1 May 2023

14,226

(Decrease) in existing provisions

(3,462)

At 30 April 2024

10,764

11

Other reserves

Other reserves represents the cumulative amounts charged to profit in respect of employee share option arrangements that have not yet been settled by awarding shares to individuals. and its purpose is to ensure that the financial statements accurately reflect the impact of share-based compensation on the company's equity. Once employee share option arrangements are settled via the allotment of shares, the cumulative amounts charged to profit in respect of those shares is transferred to retained earnings.

12

Share based payment arrangements

The Company has granted share options in respect of Ordinary shares to employees and advisors.

During the year, no further options in respect of Ordinary shares were granted (2023: 4,700). As at 30 April 2024, the number of granted share options in respect of Ordinary shares totalled 25,676 (2023: 20,976). The calculated charge of £16,634 (2023: £34,465) has been recorded in Other Reserves.

13

Control

The controlling party is Kaldor Holdings Ltd, as it owns 100% of the share capital of the company.