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Company registration number: 11160690
Calor Consilio Limited
Unaudited filleted financial statements
30 January 2024
Calor Consilio Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Calor Consilio Limited
Directors and other information
Directors Mr Alexander McBeth
Mr Daniel Parkinson
Company number 11160690
Registered office Bank Chambers
Canterbury Road
Lyminge
Nr Folkestone
CT18 8HU
Accountants Norman Brisk & Company Limited
Bank Chambers
Canterbury Road
Lyminge Nr Folkestone
Kent
CT18 8HU
Calor Consilio Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Calor Consilio Limited
Year ended 30 January 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 January 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Norman Brisk & Company Limited
Business Advisers and Taxation Consultants
Bank Chambers
Canterbury Road
Lyminge Nr Folkestone
Kent
CT18 8HU
20 October 2024
Calor Consilio Limited
Statement of financial position
30 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 102,751 102,751
_______ _______
102,751 102,751
Current assets
Debtors 5 3,036 3,036
Investments 6 2 2
Cash at bank and in hand 11,740 28,635
_______ _______
14,778 31,673
Creditors: amounts falling due
within one year 7 ( 38,297) ( 48,523)
_______ _______
Net current liabilities ( 23,519) ( 16,850)
_______ _______
Total assets less current liabilities 79,232 85,901
Creditors: amounts falling due
after more than one year 8 ( 118,763) ( 41,730)
_______ _______
Net liabilities ( 39,531) 44,171
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 39,533) ( 40,356)
_______ _______
Shareholders deficit ( 39,531) ( 40,354)
_______ _______
For the year ending 30 January 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 October 2024 , and are signed on behalf of the board by:
Mr Alexander McBeth
Director
Company registration number: 11160690
Calor Consilio Limited
Statement of changes in equity
Year ended 30 January 2024
Called up share capital Profit and loss account Total
£ £ £
At 31 January 2022 2 ( 38,940) ( 38,938)
Profit/(loss) for the year ( 1,416) ( 1,416)
_______ _______ _______
Total comprehensive income for the year - ( 1,416) ( 1,416)
_______ _______ _______
At 30 January 2023 and 31 January 2023 2 ( 40,356) ( 40,354)
Profit/(loss) for the year 823 823
_______ _______ _______
Total comprehensive income for the year - 823 823
_______ _______ _______
At 30 January 2024 2 ( 39,533) ( 39,531)
_______ _______ _______
Calor Consilio Limited
Notes to the financial statements
Year ended 30 January 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Bank Chambers, Canterbury Road, Lyminge, Nr Folkestone, CT18 8HU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Intangible assets
Goodwill Total
£ £
Cost
At 31 January 2023 and 30 January 2024 102,751 102,751
_______ _______
Amortisation
At 31 January 2023 and 30 January 2024 - -
_______ _______
Carrying amount
At 30 January 2024 102,751 102,751
_______ _______
At 30 January 2023 102,751 102,751
_______ _______
5. Debtors
2024 2023
£ £
Trade debtors 3,036 3,036
_______ _______
6. Investments
2024 2023
£ £
Investments in group undertakings 2 2
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 9,840 9,500
Trade creditors 28 28
Corporation tax 28,429 38,995
_______ _______
38,297 48,523
_______ _______
The bank loan is secured by means of a fixed and floating charge over the assets of the company.
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 18,433 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 100,330 41,730
_______ _______
118,763 41,730
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Daniel Parkinson - - -
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Daniel Parkinson ( 3,117) 3,117 -
_______ _______ _______