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REGISTERED NUMBER: 02902834 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Calibration and Repair Services Limited

Calibration and Repair Services Limited (Registered number: 02902834)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Calibration and Repair Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Paul Anthony Schofield
Benjamin Schofield





REGISTERED OFFICE: Cars House
137a Inkerman Street
Ashton On Ribble
Preston
PR2 2HN





REGISTERED NUMBER: 02902834 (England and Wales)





ACCOUNTANTS: Marshall Krysko Limited
70-72 Kirkgate
Silsden
West Yorkshire
BD20 0PA

Calibration and Repair Services Limited (Registered number: 02902834)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 13,500
Property, plant and equipment 5 86,123 49,676
95,123 63,176

CURRENT ASSETS
Inventories 94,295 101,160
Debtors 6 179,234 144,966
Cash at bank 227,897 308,799
501,426 554,925
CREDITORS
Amounts falling due within one year 7 200,931 241,282
NET CURRENT ASSETS 300,495 313,643
TOTAL ASSETS LESS CURRENT LIABILITIES 395,618 376,819

CREDITORS
Amounts falling due after more than one year 8 - (4,690 )

PROVISIONS FOR LIABILITIES (16,364 ) (9,439 )
NET ASSETS 379,254 362,690

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 379,154 362,590
379,254 362,690

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Calibration and Repair Services Limited (Registered number: 02902834)

Balance Sheet - continued
31 January 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 18 October 2024 and were signed on its behalf by:





Benjamin Schofield - Director


Calibration and Repair Services Limited (Registered number: 02902834)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Calibration and Repair Services 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 20% on cost

Stocks
Inventories 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Calibration and Repair Services Limited (Registered number: 02902834)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 45,000
AMORTISATION
At 1 February 2023 31,500
Charge for year 4,500
At 31 January 2024 36,000
NET BOOK VALUE
At 31 January 2024 9,000
At 31 January 2023 13,500

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2023 89,411
Additions 57,307
Disposals (17,068 )
At 31 January 2024 129,650
DEPRECIATION
At 1 February 2023 39,735
Charge for year 14,164
Eliminated on disposal (10,372 )
At 31 January 2024 43,527
NET BOOK VALUE
At 31 January 2024 86,123
At 31 January 2023 49,676

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 172,125 142,966
Other debtors 7,109 2,000
179,234 144,966

Calibration and Repair Services Limited (Registered number: 02902834)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 4,690 9,380
Trade creditors 81,764 145,890
Taxation and social security 8,894 25,311
Other creditors 105,583 60,701
200,931 241,282

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 4,690