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Registered number: 10580663
Calcon Projects Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Samara & Co
Chartered Certified Accountants & Registered Auditors
Unit 102, Metroline House 118 - 122 College Road
Harrow
HA1 1BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10580663
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 125,124 26,347
125,124 26,347
CURRENT ASSETS
Debtors 5 265,661 189,119
Cash at bank and in hand 247,782 1,181
513,443 190,300
Creditors: Amounts Falling Due Within One Year 6 (425,149 ) (117,266 )
NET CURRENT ASSETS (LIABILITIES) 88,294 73,034
TOTAL ASSETS LESS CURRENT LIABILITIES 213,418 99,381
Creditors: Amounts Falling Due After More Than One Year 7 (55,213 ) (48,870 )
NET ASSETS 158,205 50,511
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 158,105 50,411
SHAREHOLDERS' FUNDS 158,205 50,511
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Carlett Boshoff
Director
24/10/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Calcon Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10580663 . The registered office is 1.02a Sherwood Drive, Bletchley, Milton Keynes, MK3 6DP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 25% Straight line
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 16)
19 16
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 11,060 22,625 5,239 38,924
Additions - 117,065 3,162 120,227
Disposals (499 ) - (1,309 ) (1,808 )
As at 31 January 2024 10,561 139,690 7,092 157,343
Depreciation
As at 1 February 2023 5,659 4,717 2,201 12,577
Provided during the period 851 19,054 (263 ) 19,642
As at 31 January 2024 6,510 23,771 1,938 32,219
Net Book Value
As at 31 January 2024 4,051 115,919 5,154 125,124
As at 1 February 2023 5,401 17,908 3,038 26,347
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 141,443 123,391
Prepayments and accrued income 20,487 17,304
Other debtors 45,500 12,814
CIS suffered 53,913 35,610
Net wages 2,490 -
Directors' loan accounts 1,828 -
265,661 189,119
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 100,747 43,215
Bank loans and overdrafts 12,938 54,757
Corporation tax 34,205 11,162
VAT 38,175 508
Other creditors 236,023 4,042
Pensions payable 3,061 2,381
Directors' loan accounts - 1,201
425,149 117,266
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,380 23,037
Bank loans 15,833 25,833
55,213 48,870
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 39,380 23,037
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Wynand Boshoff (239 ) 1,014 - - 775
Carlett Boshoff (239 ) 1,014 - - 775
Mr Clinton Van Wyngaard (722 ) 1,000 - - 278
The above loan is unsecured, interest free and repayable on demand.
The amounts are under £5,000 as a result no S455 has been calculated
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