K B CALIBRATION SERVICES LIMITED

Company Registration Number:
03804498 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

K B CALIBRATION SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

K B CALIBRATION SERVICES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

8 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 166,831 165,094
Total fixed assets: 166,831 165,094
Current assets
Debtors:   51,650 52,201
Cash at bank and in hand: 24,196 38,179
Total current assets: 75,846 90,380
Creditors: amounts falling due within one year: 4 (53,558) (63,845)
Net current assets (liabilities): 22,288 26,535
Total assets less current liabilities: 189,119 191,629
Creditors: amounts falling due after more than one year: 5 (5,031) (18,000)
Provision for liabilities: (14,605) (14,161)
Total net assets (liabilities): 169,483 159,468
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:694,01694,016
Profit and loss account: 75,367 65,352
Shareholders funds: 169,483 159,468

The notes form part of these financial statements

K B CALIBRATION SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 November 2024
and signed on behalf of the board by:

Name: K BAKER
Status: Director

The notes form part of these financial statements

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services supplied up to the balance sheet date net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer Equipment - 33.33% equal instalments basis Equipment Fixtures and Fittings - 20% reducing balance basis The Freehold Property from which the Company conducts its Business is carried at a revalued amount, which is reviewed at the end of each accounting period. The revaluation has been undertaken by the Director and adjustments to its value added to or deducted from the Property Revaluation Reserve.

Other accounting policies

Taxation: Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax on revalued tangible fixed assets is measured using the rates and allowances that are likely to apply to the sale of the asset. Debtors and Creditors Receivable/Payable Within One Year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Pension Scheme: Contributions in respect of the Company's defined contribution pension schemes are charged to the profit and loss account for the period in which they are payable to the scheme. Operating Leases: 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 on a straightline basis. Loans: Loans and other financing arrangements are initially recognised at the transaction price including any associated costs. Interest is charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 8 months to 31 March 2023
Average number of employees during the period 4 4

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 206,111
Additions 5,722
At 31 March 2024 211,833
Depreciation
At 01 April 2023 41,017
Charge for year 3,985
At 31 March 2024 45,002
Net book value
At 31 March 2024 166,831
At 31 March 2023 165,094

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

There are no secured creditors.

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

There are no secured creditors.

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Revaluation reserve

2024
£
Balance at 01 April 2023 94,016
Surplus or deficit after revaluation 0
Balance at 31 March 2024 94,016

K B CALIBRATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Financial commitments

At 31 March 2024 the Company had total commitments under non cancellable operating leases in respect of motor vehicles as follows : Within one year : £3,860 (2023 : £3,860). Between one and five years : £2,293 (2023: £6,453).