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REGISTERED NUMBER: 09965511 (England and Wales)












Financial Statements

for the Year Ended 31st January 2024

for

CALFATEC LIMITED

CALFATEC LIMITED (REGISTERED NUMBER: 09965511)

Contents of the Financial Statements
for the year ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALFATEC LIMITED

Company Information
for the year ended 31st January 2024







DIRECTORS: A S Smith
Ms K Clarke



REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



REGISTERED NUMBER: 09965511 (England and Wales)



ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR



BANKERS: Natwest Bank PLC
Stevenage Queensway
26-28 Queensway
Town Centre
Stevenage
Herts
SG1 1YW

CALFATEC LIMITED (REGISTERED NUMBER: 09965511)

Balance Sheet
31st January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,403 24,771

CURRENT ASSETS
Debtors 5 68,544 128,953
Cash at bank 41,688 10,246
110,232 139,199
CREDITORS
Amounts falling due within one year 6 65,694 52,416
NET CURRENT ASSETS 44,538 86,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,941

111,554

CREDITORS
Amounts falling due after more than one year 7 (43,849 ) (32,670 )

PROVISIONS FOR LIABILITIES (11,351 ) (6,193 )
NET ASSETS 34,741 72,691

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 34,731 72,681
SHAREHOLDERS' FUNDS 34,741 72,691

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

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

CALFATEC LIMITED (REGISTERED NUMBER: 09965511)

Balance Sheet - continued
31st 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 18th September 2024 and were signed on its behalf by:





A S Smith - Director


CALFATEC LIMITED (REGISTERED NUMBER: 09965511)

Notes to the Financial Statements
for the year ended 31st January 2024


1. STATUTORY INFORMATION

Calfatec 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

CALFATEC LIMITED (REGISTERED NUMBER: 09965511)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2023 3,097 29,250 3,638 35,985
Additions - 35,577 - 35,577
At 31st January 2024 3,097 64,827 3,638 71,562
DEPRECIATION
At 1st February 2023 2,447 7,313 1,454 11,214
Charge for year 130 14,378 437 14,945
At 31st January 2024 2,577 21,691 1,891 26,159
NET BOOK VALUE
At 31st January 2024 520 43,136 1,747 45,403
At 31st January 2023 650 21,937 2,184 24,771

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st February 2023 29,250
Additions 35,577
At 31st January 2024 64,827
DEPRECIATION
At 1st February 2023 7,313
Charge for year 14,378
At 31st January 2024 21,691
NET BOOK VALUE
At 31st January 2024 43,136
At 31st January 2023 21,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 62,046 120,681
Prepayments 6,498 8,272
68,544 128,953

CALFATEC LIMITED (REGISTERED NUMBER: 09965511)

Notes to the Financial Statements - continued
for the year ended 31st January 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 5,944 5,499
Hire purchase contracts 12,141 7,148
Trade creditors 37,586 9,296
Tax - 9,076
Social security and other taxes 243 2,754
Pension creditor 308 491
VAT 5,670 14,062
Other creditors 316 316
Directors' current accounts 558 982
Accrued expenses 2,928 2,792
65,694 52,416

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 1-2 years 5,944 5,638
Bank loans - 2-5 years 2,925 9,163
Hire purchase contracts 34,980 17,869
43,849 32,670

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
9 Ordinary £1 9 9
1 Ordinary A £1 1 1
10 10

9. ULTIMATE CONTROLLING PARTY

The controlling party is A S Smith.